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INDEX and DPI now supported on Gemini Exchange | March 30th Newsletter
INDEX and DPI now supported on Gemini Exchange | March 30th Newsletter
It’s an exciting week at Index Coop: DPI, our flagship DeFi Pulse Index offering, and INDEX, our governance token, are now supported on Gemini, the largest cryptocurrency exchange and custodian.
3/30/2022
Index Coop
Content
March 30th Newsletter
Hi, there! It’s an exciting week at Index Coop: DPI, our flagship DeFi Pulse Index offering, and INDEX, our governance token, are now supported on Gemini, the largest cryptocurrency exchange and custodian. We’ll also introduce some ways you can make DPI more productive. Since it is built on Ethereum, DPI acts as a DeFi money lego that unlocks new and innovative ways to allocate capital and earn yield. And we’ll introduce you to Maker (MKR), the governance token for the MakerDAO, an O.G. in the DeFi space, and an asset in the DeFi Pulse Index. The Index Coop team
NEWS
DPI & INDEX Tokens Now Listed on Gemini 🎉
We are thrilled to announce that the DeFi Pulse Index (DPI) and INDEX token are now both supported by Gemini. Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, store and earn digital assets. Being listed on Gemini means you will be able to easily gain exposure to both DPI and INDEX. Trading begins soon, opening first on the API/FIX and ActiveTrader applications for USD trading pairs. They will then be available for trade on the Gemini mobile app and website. Also included in Gemini's announcement are three protocols featured in our Bankless DeFi Innovation Index (GMI): Maple Finance (MPL), Frax Finance (FRAX, FXS), and Ribbon Finance (RBN).
TOKEN PRODUCTIVITY
How to Gain Additional Yield with the DeFi Pulse Index (DPI) 💸
The DeFi Pulse Index (DPI) is a digital asset index designed to track tokens’ performance within the decentralized finance industry. DPI focuses on projects that have significant usage and show a commitment to ongoing maintenance and development. But what can you do with DPI besides ‘buy and hold’? Because DPI is built on Ethereum, it acts as DeFi money lego that unlocks new and innovative ways to allocate capital and earn yield. DeFi also allows users the opportunity to take advantage of a myriad of services not found in traditional finance. If you’re interested in learning more about liquidity provisioning, yield farming, or additional ways of gaining yield on your DPI, be sure to check our full guide.
INSIDE THE INDEX
DPI Token Report: Maker (MKR) ✍🏻
The DeFi Pulse Index (DPI) features exposure to a total of fourteen underlying blue-chip protocols, including MKR, the governance token for MakerDAO. MakerDao is an open-source project built on the Ethereum blockchain that allows users to generate Dai by leveraging assets approved by MakerDao Governance. Dai is a decentralized and collateral-backed stablecoin soft-pegged to the USD. This means that the price of Dai loosely follows the price of the USD. This is achieved through a system of smart contracts on the Ethereum blockchain. Stablecoins are an important part of the DeFi ecosystem and MakerDao is at the forefront of this essential infrastructure. Unlike other stablecoins, Dai is truly decentralized as it is maintained through a DAO and collateralized through the MakerDAO protocol.
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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).