NFT Collection Selection
SPICE vaults allocate capital to the following NFT collections:
- 1.Bored Ape Yacht Club
- 2.Mutant Ape Yacht Club
- 3.Crypto Punks
- 4.CloneX (CURRENTLY OFFLINE)
- 5.Azuki
- 6.DeGods
- 7.Bored Ape Kennel Club
- 8.Otherdeed
- 9.Meebits
- 10.Doodles
- 11.Potatoz
- 12.Squiggles
- 13.Sandbox Land
- 14.Pudgy Penguins
- 15.Cool Cats
- 16.BEANZ
- 17.World Of Women
- 18.rektguy
- 19.Renga
- 20.VeeFriends
- 21.Valhalla
- 22.DigiDaigaku
- 23.FLUF
- 24.Milady
- 25.Remilio
- 26.KILLABEARS
- 27.Moonbirds (CURRENTLY OFFLINE)
- 28.Creepz
- 29.Kanpai Pandas
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.
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:
- 1.Liquidity Risk (25%):
- USD Sales Volume - All time; weight = 15%
- USD Sales Volume - 30 days; weight = 10%
- 2.Market Capitalization (25%):
- Market Capitalization of Collection; weight = 20%
- Number of Token Holders; weight = 5%
- 3.Volatility Risk (20%):
- Volatility in the Floor Price of the collection given the metrics below; weight = 20%
- Daily Value at Risk ()
- Daily or Conditional Value at Risk ()
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 modified 3mo ago