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How Will The Merge Impact Index Coop Products? | August 31st Newsletter
How Will The Merge Impact Index Coop Products? | August 31st Newsletter
This week, we go beyond the WAGMI hype to dive into serious questions about The Merge and its impact on Index Coop products.
8/31/2022
Index Coop
Content
🦉How Will The Merge Impact Index Coop Products?🦉
August 31st Newsletter
Hi, there! This week, we go beyond the WAGMI hype to dive into serious questions about The Merge and its impact on Index Coop products.
Next, a pair of Index contributors discuss and explain a variety of Merge topics with their cameras rolling.
Lastly, Index Coop’s undergone some changes over the past five months; learn how we’ve transformed our community and the way we build.
-@thekindeagle and the Index Coop team
METRIC OF THE WEEK
📈 Arrakis INDEX-WETH Pool 📉
Are you bullish on INDEX and ETH? Perhaps a smart move is to deposit into the INDEX-WETH 1% Vault on Arrakis Finance. Currently, the pool is earning a lifetime 26.57% APR and has generated >$46k in fees since June 8. Arrakis uses ERC-20 tokens to represent a Uniswap V3 position. This chart shows that the value of the Arrakis position has outperformed the HODL $131.45 to $124.57. That's about 5.5% in just 82 days. You can view the pool here or you can try out other pools to see how they have performed.
PRODUCT NEWS
🦉How Will The Merge Impact Index Coop Products? 🦉
With the Ethereum Merge set to take place in a couple of weeks, we're here to answer any questions you may have about Index Coop products and The Merge.
In this article, @coolhorsegirl covers frequently asked questions regarding Index Coop ETH products—Interest Compounding ETH Index (icETH), Ethereum 2x Flexible Leverage Index (ETH2x-FLI), and Inverse Ethereum Flexible Leverage Index (iETH-FLI-P).
Feel free to reach out to us on Discord with any outstanding questions.
PRODUCT NEWS
🎥 Lights, Camera, Merge Video Explainer 🎥
You’ve read the headlines, Twitter threads, and blog posts, but everyone knows that a great video explainer trumps all that written content.
Index Coop contributors, @chavischance & @cquared_eth provide a solid overview of the upcoming Ethereum Merge, common misconceptions, and secondary effects we can expect as market participants.
INDEX COMMUNITY
🦉 Index Coop Council - Season 2 Progress Update 🦉
In April of this year, founders and investors posted an open letter to Index Coop expressing concerns about the direction of the DAO.
Since then, Index Coop has enacted many substantial changes and improvements. While difficult, this shift secures the long-term viability of the Index Coop and makes it possible for us to build the best on-chain structured finance (DeFi) products.
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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).