Customization
There are different tradeoffs associated with different index settings. This serves as a starting point for understanding these tradeoffs.
Note: Settings may be toggled by the curator at any time. Therefore, settings should not be considered a trusted, permanent status but rather the Curator’s intent.

Dynamic vs. Locked

As a reminder, a Curated Index that is Dynamic means that the Curator can add new assets to the index and change the relative prices of the assets in the index.
In a Locked Index, the trader faces predictability. If they purchase 10% of an index that contains 100 SMBs, their shares will continue to represent 10 SMBs indefinitely (unless the Curator makes the pool Dynamic again). This creates inflexibility for the Curator in the event that he/she wants to add assets later or preserve the option. Additionally, if there is a locked Curated Index of multiple types of collections, and the floor of one collection increases significantly relative to the other collections, the Curator cannot increase the relative price of that asset, enabling someone to buy that asset at a discounted price.
In a Dynamic Index, the Curator now has the ability to add assets and change the relative prices of the asset. This provides flexibility for the Curator in case his/her needs change or the market changes. However, a Dynamic Index can create a risk for traders. Curators may add low value assets to a pool or lower the relative value of an asset to enable a discounted purchase.

Asset Buyout Enabled vs. Disabled

A Curated Index with Asset Buyout Enabled means anyone can purchase individual assets out of the index using shares at a price determined by the curator. This creates potential arbitrage opportunities for traders (example: SMB floor is 100 SOL. The price of an SMB in an Index is 75 shares and each share is trading at 0.75 SOL. I can buy 75 shares (75 SOL) and buy out the SMB and sell it on the open market, making a profit of 25 SOL). These arbitrage opportunities can be good for traders because it may improve the fairness of the share price. When Asset Buyout is Disabled, this can be a safer option for curators or DAOs with large collections. A Curator might want to wait until the market for the shares are more liquid to prevent anyone from buying an NFT at a large discount to its true value. For traders, shares do not represent governance over the Index Buyout and have less financial utility.
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Outline
Dynamic vs. Locked
Asset Buyout Enabled vs. Disabled