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The Ethereum Merge Happens Now | September 14th Newsletter
The Ethereum Merge Happens Now | September 14th Newsletter
The countdown timer is ticking down. The Merge will take place soon.
9/14/2022
Index Coop
Content
🐼 The Ethereum Merge Happens Now 🐼
September 14th Newsletter
Hi, there! The countdown timer is ticking down. The Merge will take place soon. So, check our video explainer to understand the move to proof- of- stake and why it’s such a big deal.
Next, we've got great news for those looking for a simple path to gain DeFi exposure. Index Coop products are now available on the Coinbase mobile app.
Finally, the Product team has proposed the Diversified Staked ETH Index (dsETH). Learn how dsETH provides access to the best ETH liquid staking tokens and promotes decentralization.
-@thekindeagle and the Index Coop team
METRIC OF THE WEEK
📈 Customers Net Worth % in icETH 📉
Talk about being long on ETH. The largest segment of icETH customers has >75% of their crypto holdings in icETH.
PRODUCT NEWS
🐼 The Ethereum Merge Happens Now 🐼
In less than 24 hours, the Ethereum Merge will be complete. So there’s no better time than now to watch a video explainer and understand what’s about to happen.
Index Coop contributors, @chavischance & @cquared_eth provide a solid overview of the basics, common misconceptions, and secondary effects market participants can expect.
INDEX NEWS
🏦 Index Coop Now Featured in Coinbase App 🏦
Index Coop products are now available in the Coinbase app! This is another important milestone on our journey to reduce the complexity and frustration for those getting started with crypto.
Customers can now access diversified exposure to top crypto themes and simplified DeFi strategies via Coinbase’s dApp browser.
PRODUCT NEWS
🪙 Contributing to Decentralization With An Index 🪙
The Index Coop Product team has proposed Diversified Staked ETH Index (dsETH). This token will enable token holders to access the best ETH liquid staking tokens using a methodology that promotes decentralization and competition amongst provider protocols.
dsETH will also be the first Index Coop product built on a Managed Balancer Pool, a new primitive that has been developed in partnership with Balancer.
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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).