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Do you love crypto memes? ❤️ | April 13th Newsletter
Do you love crypto memes? ❤️ | April 13th Newsletter
This week, we’re excited to introduce you to the updated Index Coop App.
4/13/2022
Index Coop
Content
April 13th Newsletter
Hi, there! To coincide with the launch of icETH, Index Coop is hosting a meme competition with voting going on right now. This week, we’re excited to introduce you to the updated Index Coop App. With a new dashboard and helpful features, we’ve created a simpler way to navigate and buy crypto index products on our website. We’ll also break down the mechanism and strategy behind how the icETH token generates ~10% APY on ETH.
- The Index Coop team
INDEX COMMUNITY
We’re hosting a meme competition! 🤣
Memes = communication + culture. From Crying Jordan to Nyan Cat, memes are more than just funny photoshops, gifs, or cartoons that spread widely online. They can also be a powerful tool that helps build a shared narrative and community culture. A picture is worth a thousand words, but a meme is worth a thousand pictures. So to celebrate the launch of icETH, Index Coop is holding a competition to crown a new community Meme Lord/Lordess. Voting is taking place within our Discord. We’ve asked community members to create memes to help describe what the product is, who it’s for, and the benefits. Which are your favorites? Check out icETH memes.
WEBSITE NEWS
There’s An Index Coop App For That 👩🏽💻
The Index Coop web app just keeps getting better. Our engineering team has worked hard on the design and functionality to improve your buying and selling experience. Now, when you first enter the app site, you’ll be greeted by a new custom dashboard feature. By connecting your wallet, you’ll gain immediate insights into your portfolio of Index Coop products and transaction history. The improvements also include updated buy/sell widgets and a more straightforward product navigation structure. We’ve also made it easier to view each product’s composition. For our thematic indices (DPI, MVI, DATA, BED, GMI), you’ll find the names and percentage of underlying tokens on each index product page. At the Index Coop, we value community and investor input. So don’t be shy, email us and let us know what you’d like to see next.
PRODUCTS
That icETH Yield Be Crazy
Last week, we launched Interest Compounding ETH Index (icETH) which gives token holders amplified exposure to the staking yield on ETH. Staking is the process of actively participating in transaction validation on the Ethereum blockchain. Those who help validate transactions earn staking rewards. icETH is a token that retains spot exposure to ETH and amplifies staking returns up to 2.5x. The enhanced yield is derived from a strategy built on Set Protocol with Aave and Lido. As yield is continuously generated from staking, the increase in value is reflected in the increasing price of icETH compared to ETH. Do your icETH research.
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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).