All blogposts
Index Coop Products Now Supported on BitGo Starting with DPI
Index Coop Products Now Supported on BitGo Starting with DPI
BitGo now supports the DeFi Pulse Index (DPI) as part of an effort to provide institutional clients with access to investment opportunities in the emerging Decentralized Finance sector. DPI is a structured product from the Index Cooperative that offers...
7/15/2021
Index Coop
Index Coop Products Now Supported on BitGo Starting with DPI
This partnership strengthens the Coop’s commitment to serve institutional investors’ interest in DeFi at scale with the leading custodian in digital asset management.
BitGo now supports the DeFi Pulse Index (DPI) as part of an effort to provide institutional clients with access to investment opportunities in the emerging Decentralized Finance sector. DPI is a structured product from the Index Cooperative that offers diversified exposure to a basket of blue-chip DeFi protocols with a single purchase.
Both Index Coop and BitGo believe that institutional investor interest in DeFi will continue to grow. For this reason, the Index Coop is expanding its structured product offerings as well as making existing products available through as many secure channels as possible. BitGo sets the industry standard for secure digital asset custody and is now taking a big step forward to integrate DeFi projects into its network.
BitGo is the leader in custody and security solutions with over $40B in assets under custody. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets and established BitGo New York Trust in 2021. BitGo also offers market leading trading, lending, and borrowing services and supports over 300 digital assets on its platform. BitGo provides the security and operational backbone for more than 400 institutional clients in 50 countries, including many of the world’s top cryptocurrency exchanges and platforms.
“Institutions seek uncorrelated returns from DeFi with risk diversification. Index Coop and BitGo form the ideal partnership to address this need with DPI as a passive instrument. Security and compliance are also key investor requirements and BitGo Trust addresses them through our multi-sig custodial wallets. This partnership provides investors with the opportunity to step into this space in a compliant, disciplined and thoughtful manner.” Thomas Chen, BitGo Director.
We want to thank BitGo for their continued support and partnership to bring more interested capital into DeFi.
Learn more about BitGo at www.BitGo.com and follow them on Twitter.
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).