# \[ATI] 09.09.2024 Rebalance

### Background

Rebalancing occurred as part of a product review prior to its launch, following a market shift two-month period after the initial settings.

### Status

<figure><img src="https://3207921449-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqGie2GKzhU3olmN7yiWW%2Fuploads%2F8B7JN8ZBO4lJS5OWyZpj%2FScreenshot%202024-09-09%20at%208.03.15%20PM.png?alt=media&#x26;token=7948f5d1-0378-4a00-8be8-8acfe4c01597" alt=""><figcaption><p>The target rebalancing ratio and Real Unit (R.U.) are calculated using CoinMarketCap data (price and market cap) as of 03/09/2024, 00:00 UTC. The Rebalancing R.U. represents the actual outcomes after executing the rebalancing function, aligned with the previously calculated target values.</p></figcaption></figure>

During this rebalancing total $112.54 was swapped to reallocate the weights and 2.04% of slippage has occurred due to the swap rates of the connected pools which is 0.721% of total market cap.

<table><thead><tr><th width="208">Sold (token > WETH)</th><th width="247">Bought (WETH > token)</th><th width="128">slippage</th><th>slippage in total</th></tr></thead><tbody><tr><td>$112.54</td><td> $110.24 </td><td>2.04%</td><td>0.721%</td></tr></tbody></table>

* WETH (Left Over) is the left over amount of WETH that is not swapped to other tokens. If you redeem with component tokens, you will receive the WETH as well.

### Changes

The Render (RENDER, formerly RNDR) token has been removed from the components due to a migration to Solana Network. Instead of Render, Artificial Superintelligence Alliance (FET) token has been selected as a new AI project on Ethereum Network.&#x20;

<table data-full-width="false"><thead><tr><th width="319">Name</th><th>Token</th><th>Price ($)</th><th width="170">marketCap ($)</th><th width="155">DEX TVL ($ 1M)</th><th width="493">Token Contract</th></tr></thead><tbody><tr><td> Artificial Superintelligence Alliance</td><td>FET</td><td>$1.24</td><td>$3,112,267,949</td><td>9.2</td><td><a href="https://etherscan.io/token/0xaea46a60368a7bd060eec7df8cba43b7ef41ad85">0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85</a></td></tr></tbody></table>

* **Ethereum Network Availability (ERC20)**: FET is available as an ERC20 token on the Ethereum network following the migration.
* **AI Category and Tier 1 Exchange**: FET falls into the AI token category on platforms such as CoinMarketCap
* **Not a Security**: There is no current indication that the FET token is considered a security.
* **Bearer Instrument and No Wrapping**: FET is a utility token for the Artificial Superintelligence Alliance, and it is not a wrapped token, tokenized derivative, or tied to a physical asset.
* **Market Cap**: FET’s market capitalization is well above $100 million, standing at over $3.1 billion (CMC on 03/09).
* **DEX Liquidity**: Fetch.AI tokens can be traded on decentralized exchanges (DEXs) with 9.1M  liquidity on Ethereum (Uniswap on 03/09)
* **Project Traction**: New merged project of ASI might be a new one, but AGIX, OCEAN and Fetch.AI has been operational for over three months, with significant history and usage within the decentralized AI space.&#x20;