RJI
The Rujira Index (RJI) is a basket of assets representing the Rujira & THORChain ecosystem. In order to ensure prime user experience and index performance, espically when the ecosystem grew big, we have developed an asset framework as a base guideline for RJI.
Which assets are eligible to be included in RJI?
There are four eligibility criteria that assets shall fullfill prior to being added to RJI. Namely qualitative requirements, liquidity requirements, safety requirements & they have to be based on Rujira / THORChain.
Qualitative
In order to be considered for the index the team behind the token has to be trusted & actively working on their vision. Further, it should have a clear value proposition and no signs of ill intent.
Team has a proven track record building & maintaining products
Project has a valid use case
Token has valid economics / value capture mechanism
No red flags
Ongoing development (updates in past 3 months)
Liquidity
Assets are selected for strong liquidity, ensuring easy entry and exit with minimal slippage when minting, redeeming, or rebalancing. Clear token release schedules further prevent unexpected shifts in liquidity and supply.
There must be enough liquidity on Rujira.
The token release schedule must be predictable.
Safety
While code audits are often mostly a vanity metric, undergoing code reviews from professionals does make code less prone to certain attacks. Therefore, for newly launched projects that secure value in any form, it shall be a requirement to undergo reviews by an auditor.
Code base must have undergone auditing
Proven track record for safety incident response
Based on Rujira / THORChain
Only projects deployed on Rujira / THORChain are considered for RJI.
Asset weights
RJI being a fixed unit index, the weights change constantly and are not automatically rebalanced. The initial weights on index creation were based on liquidity, market cap and growth potential. RJI currently consist of:
AUTO
LQDY
RUJI
RUNE
TCY
The exact share of the total index AUM by each asset is fluctuating and can be found at https://rujira.network/index/rji
Risks
Key risks for RUJI includes:
Asset risk of all assets in the index.
Smart contract risk of RUJI Fixed Index contract (audited).
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