Cook Improvement Proposal #13
CIP #: 13
Title: Avalanche Ecosystem Index Update
Discussion link: https://gov.cook.finance/t/avalanche-ecosystem-index-update
Remove TIME from AEI
There were some major negative discoveries about TIME. Many people from the community expressed the opinion that they do not want indexes that have TIME because of these discoveries.
Create a new Avalanche Ecosystem index on Avalanche without TIME. Delist the old AEI
Responding to community requests and to make sure index compositions are kept at the highest quality
Implement a new Avalanche Ecosystem index on Avalanche. The Avalanche Ecosystem index includes AVAX, JOE, QI, Yak and PNG and the allocation should follow their market cap.
Delist old AEI a week after listing of the new AEI.
On the date of delisting, the old AEI will be accessible only to their token holders and they will have options to keep them or the option to redeem the index back to the underlying tokens.