The first indices launched and governed by the SPICE DAO are $SCIFI, a curated basket of low- to mid-cap tokens, and the $GBI, an index tracking the biggest projects in the crypto space.
Every index launched by the SPICE DAO includes a fixed allocation of $SPICE, or requires $SPICE to be posted as collateral, resulting in a natural appreciation of demand as the number and market cap of the indices grow.