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🦉 Add $INDEX To Your Retirement Accounts 🦉 | July 20th Newsletter
🦉 Add $INDEX To Your Retirement Accounts 🦉 | July 20th Newsletter
🦉 Add $INDEX To Your Retirement Accounts 🦉
7/19/2022
Index Coop
Content
🦉 Add $INDEX To Your Retirement Accounts 🦉
July 20th Newsletter
Hi, there! Are the bears taking a break? ETH is up 40% this week and we’re all receiving a timely dose of hopium. With that in mind, did you know that you can now hold crypto in your retirement accounts? This week, learn how you can add $INDEX to your IRA. Also, what is The Merge and why should you care? Join Scalara and Index Coop for a live discussion this Thursday to find out. Finally, the DeFi protocols within the DeFi Pulse Index (DPI) are thriving. Learn which sustainable projects are providing long-term value for DeFi users.
- @thekindeagle and the Index Coop team
PRODUCT NEWS
🦉 Add $INDEX To Your Retirement Accounts 🦉
Are you tired of sifting through months of crypto transactions to calculate your tax liability? You can now hold $INDEX in a US tax-free or tax-deferred retirement account via the Alto CryptoIRA. Thanks to Alto’s integration with Coinbase, $INDEX, and 200+ coins and tokens are now available to buy, sell, and trade.
CRYPTO EVENTS
🐼 The Opportunities & Impact of the Merge 🐼
The Merge is one of the most anticipated events in cryptocurrency. Slated for late 2022, the Merge refers to the planned change from proof of work to proof of stake on Ethereum.
To learn more, join Allan Gulley from Index Coop and Nathan Howard from Scalara this Thursday at Noon Eastern/5:00 PM UTC on Crowdcast as they provide a brief overview of the Merge and the downstream effects to DeFi caused by the changing supply dynamics for ETH.
PRODUCT NEWS 🎥 Why Sustainable DeFi Benefits Everyone 🎥
Core DeFi protocols didn’t break during this bear market because they didn’t sacrifice core principles like decentralization, being permissionless, and generating sustainable yield. In particular, protocols within the DeFi Pulse Index (DPI) survived stress tests and maintained users even as prices pulled back. The three major DeFi use cases that have proven themselves in this cycle are:
Decentralized (non-algorithmic) stablecoins (Maker)
Overcollateralized lending protocols (AAVE, Compound); and
Decentralized exchanges (Uniswap)
Others continue to gather positive momentum, such as synthetic assets (Synthetix) and liquid staking (Lido).
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FAQs
Index Coop yield tokens simplify earning yield in DeFi by automating complex strategies and diversifying across protocols. They are user-friendly and cost-efficient, appealing to both new and seasoned DeFi users.
Leverage tokens automate a leveraged position by utilizing onchain money markets like Aave or Morpho to borrow funds, amplifying a user's exposure to an asset without requiring manual management. The token's smart contracts autonomously handle the borrowing, lending, and rebalancing of assets, maintaining a consistent leverage ratio despite market fluctuations. This automation eliminates the complexities of collateral management and liquidation risks, while also charging low, transparent fees that avoid expensive funding rates often charged by perps.
Index Coop is a decentralized autonomous organization (DAO) that specializes in creating and maintaining onchain structured products. Index Coop aims to democratize access to the crypto market, empowering everyone to participate in the growing digital asset ecosystem with ease.
No, yield automatically compounds and accrues to the token price. The value of the tokens you hold in your wallet will simply go up over time without the need to claim or compound rewards.
Index Coop products protect you from liquidation with automated risk management that rebalances assets to maintain a target leverage ratio that avoids liquidation.
INDEX is the ERC-20 governance token on Ethereum for Index Coop. INDEX empowers its holders to participate in decision-making processes that shape the future of Index Coop.
Yes, all Index Coop products are instantly redeemable for their underlying value at all times.
Yes, all Index Coop smart contracts have been audited by leading independent security firms such as OpenZeppelin, ABDK, Isosiro, & more. There is also an active bug bounty program through ImmuneFi. Audit information is published in the docs here.
Streaming fees (an annual fee paid continuously block-by-block), mint and redeem fees (only on leverage tokens), and borrow costs (interest paid to borrow funds from onchain markets when using leverage).