Token Report Master Spreadsheet - Updated July 2022.xlsx

	A	B	C	D	E	F	G	H	I	J
1	Protocol	Token	Encyclopedia Page	Sector	Rating	Current Price	Fair Value Estimate	Coverage Initiation or Ratings Change Catalyst	Coverage Initiation Date	Most Recent Upgrade/Downgrade
2	Balancer	BAL	Yes	Exchange	Overweight		-	The veBAL tokenomics upgrade.	4/5/2022	4/5/2022
3	Frax Finance	FXS	No	Stablecoin	Overweight		-	The Curve 4pool proposal.	4/5/2022	4/5/2022
4	MakerDAO	MKR	No	Stablecoin	Overweight		-	The Curve 4pool proposal.	4/5/2022	6/3/2022
5	SushiSwap	SUSHI	Yes	Exchange	Neutral		-	The "Into The Stargate" snapshot vote.	4/5/2022	4/5/2022
6	Tribe DAO	TRIBE	No	Stablecoin	Overweight		-	The xTribe tokenomics proposal.	4/5/2022	4/5/2022
7	[Redacted] Cartel	BRTFLY	No	Governance	Overweight		$115.32	rlBRTFLY tokenomics upgrade.	5/6/2022	5/6/2022
8	Lido	LDO	No	Liquid Staking	Neutral		$2.78	The upcoming Ethereum PoS merge.	5/6/2022	5/6/2022
9	dYdX	DYDX	No	Exchange	Underweight		$2.63	Tokenomics uncertainty.	5/6/2022	5/6/2022
10	Perpetual Protocol	PERP	No	Exchange	Underweight		$2.68	The vePERP upgrade and OP announcement.	5/6/2022	5/6/2022
11	Compound Finance	COMP	No	Lending	Underweight		$16.38	The failure of governance proposal 100.	5/6/2022	5/6/2022
12	Maple Finance	MPL	No	Lending	Overweight		$26.50	xMPL tokenomics upgrade and Genesis pool announcement.	5/3/2022	6/3/2022
13	Aave	AAVE	No	Lending	Neutral		$63.54	End of liquidity mining incentives.	5/3/2022	6/3/2022
14	Ethereum Name Service	ENS	No	Public Goods	Underweight		n/a	Failure to accrue value to token.	5/3/2022	6/3/2022
15	ApeCoin	APE	No	Metaverse	Underweight		n/a	Passing of staking proposal (AIP 21 and 22).	5/3/2022	6/3/2022
16	Uniswap	UNI	Yes	Exchange	Underweight		n/a	Failure to turn on protocol fee switch.	5/3/2022	6/3/2022
17	Solana	SOL	No	L1	Overweight
18	Cosmos Hub	ATOM	No	L1	Neutral
19	Avalanche	AVAX	No	L1	Neutral
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21	Ratings Scale
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23	Overweight:	We expect this token will outperform market averages.
24	Neutral:	We expect this token will perform in-line with market averages.
25	Underweight:	We expect this token will underperform market averages.
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