Mhairi
March 2, 2022, 1:18pm
1
The DVM should support price requests for a basket of stocks that represent the top ten tickers with the most comment volume on r/wallstreetbets. These ten stocks will be equally weighted to create an index named uSTONKS.
## Headers
| UMIP-47 | |
|------------|------------------------------------------------------------------------------------------------------------------------------------------|
| UMIP Title | Add uSTONKS_APR21 as a price identifier |
| Authors | Sean Brown (smb2796), Kevin Chan (kevin-uma) |
| Status | Approved |
| Created | Feb 2, 2021
| [Discourse Link](https://discourse.uma.xyz/t/add-ustonks-mar21-price-identifier-umip/125) |
## SUMMARY
The DVM should support price requests for a basket of stocks that represent the top ten tickers with the most comment volume on r/wallstreetbets. These ten stocks will be equally weighted to create an index named uSTONKS.
## MOTIVATION
The DVM currently does not support price identifiers for the creation of indices like uSTONKS. Financial markets should be universally accessible — unrestrained by censorship, pre-existing financial and social capital, or nationality. With the uSTONKS price identifier synthetic tokens can be created which will allow anybody to obtain exposure to the basket of stocks in a decentralized way. This will allow unrestricted trading 24 hours a day, 7 days a week.
## MARKETS & DATA SOURCES
- Markets:
show original