ETHGOLDi is an index composed of Ethereum and Gold, where weightings are optimized for the best risk adjusted returns.

Weightings are chosen using Modern Portfolio Theory, decided by the optimal Sharpe ratio.

Index is rebalanced if weightings deviate by 10 percent to prevent losses from over-trading.

When a rebalance happens, if ETH outperforms gold, ETH is sold high, and profits are reinvested into gold. When ETH under-performs, gold is used to buy ETH low.

This strategy mirrors the composition of the Synthetix Debt Pool, enabling users to hedge their Active Debt exposure with low risk. Tracks both L1 and L2 debt vaults. Liquidation events are not hedged, but will be returned to stakers in the form of escrowed SNX.

Strategy tracks SNX debt on both L1 and L2.

Currently, the vault holds WETH for sETH, WBTC for sBTC LINK for sLINK, and USDC for all FOREX currencies.

Net short positions of the debt distribution like sETH mirrored through borrowing.

Index Category

Index tokens are a basket of assets chosen on a theme that target a specific weighting per asset. The weightings are defined in the product description. Indexes may or may not hold positions in yield generating tokens.

Available categories

Toros Index vaults

Ethereum-Gold Index

Synthetix Debt Hedge