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Celebrating The Merge With Zero Fees | September 21st Newsletter
Celebrating The Merge With Zero Fees | September 21st Newsletter
To celebrate with our customers and the Ethereum community, we’re dropping icETH fees for a month.
9/21/2022
Index Coop
Content
🐼 Celebrating The Merge With Zero Fees 🐼
September 21st Newsletter
Hi, there! Ethereum’s move to proof of stake was historic. To celebrate with our customers and the Ethereum community, we’re dropping icETH fees for a month.
Next, we're out, about, and coming to a Twitter Space near you. Reserve your spot to learn more about our DAO and innovative crypto-structured products.
Finally, we love the back and forth with our customers and the DeFi community. Check out all the ways you can connect with us.
-@thekindeagle and the Index Coop team
PRODUCT NEWS
🐼 Celebrating The Merge with Zero icETH Fees 🐼
The Ethereum Merge was a momentous event for the entire Ethereum community. Reducing worldwide electricity consumption is worthy of a celebration.
Index Coop is marking the occasion by suspending Interest Compounding ETH’s (icETH) 0.75% fee, which increases the net yield for the next month (until October 15th).
icETH is available on both Ethereum and zkSync via Argent or ZigZag.
CRYPTO NEWS
🗣 Leveling Up on L2s, Indexes & Strategies 🗣
Nothing stands still in DeFi. To learn and keep up with this fast-moving ecosystem, it’s a great idea to listen and take part in Twitter Spaces. This week, Index Coop’s @theyoungcrews joined the folks over at Dexible (Listen Here). And be sure to sign up & join us on Thursday, September 22nd, as we discuss L2s, zkSync, and DAOs with the Numio team.
INDEX NEWS
🦉 Stay Connected with the Coop 🦉
No two people like to learn or receive updates in the same way. That’s why we at Index Coop provide a ton of helpful options.
Whether it’s video (YouTube), professional updates (LinkedIn), community member discussions (Discord), or short-form content (Twitter), we’ve got the right form of information for you.
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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).