Historical Metrics Normalization

To ensure accurate tracking of long-term staking performance, CosmBank introduces index-adjusted metrics that reflect the compounded economic reality for stakers.

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Index-Adjusted Price

This metric represents the true value of staked CSM over time — assuming all rewards have been reinvested back into the staking pool.

• Captures cumulative rebase effects

• Neutralizes the distortions caused by token rebases or supply expansion

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Index-Adjusted Market Cap

Unlike nominal market cap (which may include unstaked or inactive tokens), the index-adjusted market cap reflects the real value held by active, long-term participants.

• Based on actual staked CSM holdings

• Represents true economic weight of loyal holders

These normalized metrics empower stakers to evaluate long-term returns with greater clarity — beyond surface-level token price movements.