Home » News » Index Calculation

Index Calculation

The index value is the spot value of the Scalara NFT Index and is calculated with the Laspeyres formula which measures price changes against a fixed quantity weight, the weightfactor.

\[Indexvalue_{t} = {\sum_{i\ in\ Tokens} {wf_{i,t} \cdot p_{i,t}} \over Divisor_{t}}\]

  • Weightfactor (wf): fixed quantity of tokens determined at the most recent Determination Phase from supply and NFT floor prices that ensure the index is floor market cap weighted with a capping.
  • Price (p): market price of the token in USD.
  • Divisor: a constant that is adjusted on each Reconstitution Date to maintain the continuity of the index value.

Leave a Reply

Your email address will not be published. Required fields are marked *