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📈 Straight talk about sustainable DeFi 📈 | June 22nd Newsletter
📈 Straight talk about sustainable DeFi 📈 | June 22nd Newsletter
📈Straight talk about sustainable DeFi 📈
6/21/2022
Index Coop
Content
📈Straight talk about sustainable DeFi 📈
June 22nd Newsletter
Hi, there! The public, transparent nature of building on-chain products is often overlooked. A member of our Product Nest joined The Defiant to discuss this topic and the benefits of DeFi over crypto banks. A couple of weeks ago, we announced that we’d soon be on Coinbase. Well,…$INDEX is now listed, and we’re excited to share the news. Finally, we’ll look in-depth at how Index Coop provides open forums to discuss progress, provide constructive feedback, and have fun with fellow contributors.
-@thekindeagle and the Index Coop team
CRYPTO NEWS
📈 Straight Talk About Sustainable DeFi 📈
During the bull run, several CeFi (centralized finance) companies offered massive yields with little transparency about how they were generated. The market downturn has seen the end of those unsustainable APYs, with one crypto bank going so far as to freeze customer withdrawals. The importance of permissionless, decentralized financial options has never been more apparent. Index’s Product Operations Lead, c-squared joined The Defiant to discuss the current state of DeFi, the difference between DeFi and CeFi, and the importance of building on-chain. Check out this insightful discussion with Robin Schmidt from The Defiant and Bobby Yong from CoinGecko.
PRODUCT NEWS
💸 $INDEX - Now Available on Coinbase 💸
We’re happy to announce that the $INDEX token is now listed for purchase on Coinbase. Our listing on Coinbase provides those just getting started a simple way to onboard into crypto. Purchasing $INDEX is a way to back the DAO that’s bringing the power and simplicity of indices on-chain.
DAO NEWS
🦉 Assessing and Celebrating Season 1 🦉
Working as a global team isn’t always easy. Improvements in asynchronous communication and decision-making tech help, but real-time interactions, communication, and bonding amongst contributors are vital to the health of Index Coop. To look back at Season 1, Index Coop held two such events. First, a stepback event was held to share feedback and gain a holistic contributor assessment of the DAO. This session focused on what’s working, what’s not working, and steps we can take to improve in Season 2. The second was our Index Coop Team Social hosted by 0xMitzy with a special guest, Justin Havins, aka Crypto Texan. Along with a quiz, each contributor got to give thanks to fellow contributors and expressed what they value most about Index Coop.
Learn more about our Stepback Event here.
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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).