August has seen the Index Coop grow from strength to strength both from a financial standpoint and also as a community. Gross profit for the first time since inception has been positive showing a profit of $164.8k up 172% in August, this is a direct result of lower Liquidity mining costs for DPI which were reduced by $268k.
Elliott Watts
September 10, 2021
The Index Coop has performed well in challenging market conditions throughout July. With overall gross profit growing 7.5%, while revenue grew 6.5%, highlighting better capital efficiency due to lower liquidity mining incentives which dropped 14.5% MoM. The treasury has seen an upward growth trajectory which currently stands at a total of $57.7m.
Elliott Watts
August 12, 2021