For initial launch, each FLI product employs a guarded roll-out to ensure stability and security given its use of leverage
Members of the Leverage Indices Pod will create proposals to raise the supply cap as needed based on the supply cap framework below
The Max Trade Size is denominated in the collateral asset (ex. ETH, BTC) and applies to individual transactions. Rebalances will be TWAP'ed if above the Max Trade Size. As collateral asset prices go up, this number may be adjusted down to limit single trade price impact in DEXs and allow liquidity to be replenished
Members of the Leverage Indices Pod will monitor liquidity on Sushiswap / Uniswap and create proposals as liquidity conditions change to target ~0.5% price impact on rebalance trades
In the initial guarded launch, there will be a whitelist of addresses allowed to call the rebalance() and iterateRebalance() functions. Therefore, keeper addresses must be whitelisted pre-launch or go through Index Coop governance post-launch. Ripcord() does not have this restriction, and will be callable by anyone.
Members of the Leverage Indices Pod will create proposals to request whitelisting additional rebalance bot addresses