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Best Practices For Keeping Your Crypto Secure | 9/28 Newsletter
Best Practices For Keeping Your Crypto Secure | 9/28 Newsletter
We put together the best practices for securing your crypto.
9/28/2022
Index Coop
Content
🔒 Best Practices For Keeping Your Crypto Secure 🔒
September 28th Newsletter
Hi, there! We put together the best practices for securing your crypto. Putting these tips into action will help you avoid scams, hacks and rug pulls.
Next, we introduce you to a new feature on the Index Coop Website. Our help center provides the fastest way to get answers and information about our products and DAO.
Finally, we’re celebrating Index Coop’s 2nd birthday a bit early by adopting an Owl!! Learn more about Ophelia and how to mint a limited edition NFT.
-@thekindeagle and the Index Coop team
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CRYPTO NEWS
🔒 Best Practices For Keeping Your Crypto Secure 🔒
A sharp increase in digital asset theft has accompanied the rise of DeFi. To help inform you, @coolhorsgirl’s written a blog post to describe some options and best practices available that every digital asset holder should know
As DeFi continues to grow and more and more traditional investors and institutions enter the space, the ability to prevent digital asset theft will only grow in importance.
INDEX NEWS
❓ Your Index Coop Questions Answered ❓
Not everyone loves logging into Discord, so we can now answer your questions on the Index Coop website. Down in the right-hand corner, click on the blue Index Coop logo.
You’ll be able to search and find information about Index Coop products and DAO in our new help center.
INDEX NEWS
🦉 Hoot! Hoot! We’ve Adopted Ophelia 🦉
Index Coop is excited to announce that we have adopted Ophelia, a female Great Horned Owl. She’s a resident of Auburn University’s Raptor Center and can’t be released into the wild.
As we near the Index Coop’s second birthday, a small donation was made to support the ongoing care for our mascot. Her Certificate of Adoption was digitized, and you can mint your unique NFT today.
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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).