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Announcement

Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family

The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family:

CF Benchmarks

• 1 min read
Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family

The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family:

Benchmark Ticker
CF Axie Infinity-Dollar Settlement Price AXSUSD_RR
CF Axie Infinity-Dollar Spot Rate AXSUSD_RTI
CF Chiliz-Dollar Settlement Price CHZUSD_RR
CF Chiliz-Dollar Spot Rate CHZUSD_RTI
CF Decentraland-Dollar Settlement Price MANAUSD_RR
CF Decentraland-Dollar Spot Rate MANAUSD_RTI

Rationale for Cessation

The reason for cessation of these benchmarks is commercial. The Administrator will publish benchmarks to replace them that will:

  • Utilize input data from the same pool of Constituent Exchanges
  • Utilize the same calculation methodology
  • Are published at the same time – 16:00 London, utilizing input data during the most liquid period for trading in the Asset Pairs
  • Mean no loss of service for index users

Implementation Timeline

To promote an orderly transition and minimize any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on January 30th, 2023, meaning that the last values to be published will be for January 29th, 2022.

In accordance with the Administrator's policies and procedures, this cessation will not be subject to a consultation process.

Alternative Benchmarks

Alternative benchmarks to those that are the subject of this announcement will be available from the Administrator. The alternative benchmarks will be determined using the same calculation methodology and published at the same time of day as the benchmarks that are the subject of this announcement. The alternative benchmarks will be available to license from the Administrator. All existing licensees will automatically be licensed to utilise the alternative benchmarks for all existing use cases.

The CF Oversight Function has provided oversight to this process.

Questions or queries should be addressed to info@cfbenchmarks.com

Should any user wish to file a complaint regarding this cessation process, they can do so confidentially by emailing complaints@cfbenchmarks.com

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CF Benchmarks is a member of the Crypto Facilities group of companies which is in turn a member of the Payward, Inc. group of companies. Payward, Inc. is the owner and operator of the Kraken Exchange, a venue that facilitates the trading of cryptocurrencies. The Kraken Exchange is a source of input data for certain CF Benchmarks indices. Payward, Inc. is the owner and operator of the Staked, a venue that operates the block production nodes for decentralized PoS protocols on behalf of institutional investors. Staked.us is a source of input data for certain CF Benchmarks indices.

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