All blogposts
dsETH Now Available on L2 zkSync | 2/15 Newsletter
dsETH Now Available on L2 zkSync | 2/15 Newsletter
As we move towards a more decentralized and digital world, decentralized finance is set to play an increasingly vital role in shaping the global financial landscape.
2/15/2023
Index Coop
Content
To get analysis & updates from Index Coop delivered to your inbox, subscribe to the Index Insights newsletter.
dsETH Now Available on L2 zkSync
One thing is for certain about crypto: it’s never boring, whether it’s a stablecoin shuttering operations or three-quarters of surveyed institutional investors planning to move more toward DeFi.
As we move towards a more decentralized and digital world, decentralized finance is set to play an increasingly vital role in shaping the global financial landscape.
— The Index Coop team
Save Gas Fees By Buying dsETH On Argent
The wait for dsETH to arrive on Layer 2 is over. With Argent wallet on zkSync, you can now earn staking rewards from a diversified range of assets while paying fewer gas fees.
What is zkSync?
ZkSync is a Layer 2 scaling solution on Ethereum that offers low gas and fast transactions without compromising on security. People can withdraw assets to Layer 1 at any time.
Are you ready for ETHDenver 2023?
ETHDenver 2023 is almost upon us. This annual Ethereum community event offers attendees the chance to meet and network with leading developers, teams, and protocols.
If you’re attending and want to connect, reach out to us at newsletters@indexcoop.com.
Index Coop contributors will be onsite in Denver, participating in sessions and panels covering topics during the event.
We’re looking forward to engaging with our community and other protocol teams to learn and share what we’re building.
Benefit Public Goods on Ethereum with gtcETH
The Index Coop is partnering with Gitcoin to propose the Gitcoin Staked ETH Index (gtcETH), a diversified exposure to liquid staking tokens that shares staking rewards with Gitcoin for public goods funding. Public goods are essential to Ethereum, and DeFi can help raise funds for them through liquid staking, streaming fees, and the Index Coop. Holders of gtcETH can earn and share staking rewards with Gitcoin while funding public goods through a passive annualized streaming fee of 2.00%. This provides Gitcoin with a consistent revenue stream for grants and bounties while offering token holders price exposure to ETH and some staking rewards for their contribution. Keep your eye on our Forum for an announcement soon.
To get analysis & updates from Index Coop delivered to your inbox, subscribe to the Index Insights newsletter.
Dive deeper
Watch, read, and learn everything you need to master our leverage tokens.
Subscribe to our newsletter
Join over 6,000 subscribers in receiving weekly updates about our products, DeFi, and the onchain structured products space.
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).