NFT Collection Selection
Whitelisted Collections
SPICE vaults allocate capital to the following NFT collections:
Bored Ape Yacht Club
Mutant Ape Yacht Club
Crypto Punks (CURRENTLY OFFLINE)
CloneX (CURRENTLY OFFLINE)
Azuki
DeGods
Bored Ape Kennel Club
Otherdeed
Meebits
Doodles
Potatoz
Squiggles
Sandbox Land
Pudgy Penguins
Cool Cats
BEANZ
World Of Women
rektguy
Renga
VeeFriends
Valhalla
DigiDaigaku
FLUF
Milady
Remilio
KILLABEARS
Moonbirds (CURRENTLY OFFLINE)
Creepz
Kanpai Pandas (CURRENTLY OFFLINE)
Collection Whitelisting Process
SPICE derives our selection from both quantitative (80%) and qualitative (20%) data points which produce a weighted score. A score closer to 100 shows a collection more likely to hold value and show lower risk to lenders and the protocol.
Quantitative Analysis
SPICE's ultimate goal is to limit the SPICE to the top collections which represent the most value to end users and limit risks to the Protocol. To focus exactly on value, SpiceDAO start with those NFT collections in the top 100 of USD transaction volume all-time. To control for more recent market conditions SpiceDAO likewise checks those against the top 100 of the past 30 days. We collected on-chain transaction data via Cryptoslam.io as of June 15, 2023. And we evaluated each of these collections across the following criteria:
Liquidity Risk (25%):
USD Sales Volume - All time; weight = 15%
USD Sales Volume - 30 days; weight = 10%
Market Capitalization (25%):
Market Capitalization of Collection; weight = 20%
Number of Token Holders; weight = 5%
Volatility Risk (20%):
Volatility in the Floor Price of the collection given the metrics below; weight = 20%
Qualitative Analysis
SPICE also investigates project details that give insight into the quality of the collection. The framework is provided below:
Note: Though nominally a minority share of a collection's score, any material deficiencies can disqualify a collection from being lent against by the SPICE protocol.
Last updated
