🪙 A Complex Yield Strategy in a Single Token 🪙 | August 10th Newsletter
We’re diving deeper into our newest token — Market Neutral Yield ($MNYe).
August 9, 2022
🪙 A Complex Yield Strategy in a Single Token 🪙
August 10th Newsletter
Hi, there! This week, we’re diving deeper into our newest token — Market Neutral Yield ($MNYe). Product contributor @Joseph_Knecht_ breaks down how MNYe automates a continuous basis trading strategy that returns a price-neutral yield to holders. Next, we’ll discuss the L2 blockchain that powers MNYe, Optimism. Learn about the basics and benefits of this Ethereum scaling solution. Lastly, we’ve launched the Flash Mint SDK. Learn how Flash Mint helps dApps and DEXs reduce slippage and unlock cost savings for users making large trades.
-@thekindeagle and the Index Coop team
PRODUCT NEWS
🪙 Complex Yield Strategy in a Single Token 🪙
Who says that sophisticated yield-bearing strategies need to be complicated? The Market Neutral Yield ETH (MNYe) token from the Index Coop automates a continuous basis trading strategy that returns a price-neutral yield to token holders. Not sure what that means? In short, MNYe contains a fully-hedged ETH position, with equivalent spot exposure and short exposure via perpetuals. Token holders earn a variable USDC return when the funding rate is positive.
PRODUCT NEWS
⚡️Flash Mint Is Here & Ready For Integration⚡️
The Index Coop is pleased to introduce the Flash Mint SDK, which provides support for dApps and exchanges looking to easily integrate mint and redeem capabilities for crypto structured products, such as DeFi Pulse Index (DPI) and Interest Compounding Ethereum (icETH).
Integrating Flash Mint provides many benefits not only for developers but also for crypto users. The ability to Flash Mint tokens reduces slippage and unlocks cost savings on large trades. The Flash Mint SDK is written in TypeScript, and is available now on GitHub.
INDEX PRODUCTS
✨🔴 Feeling Optimistic About L2s? 🔴✨
Market Neutral Yield ETH (MNYe) is Index Coop’s first token built on Optimism. Optimism is a layer 2 chain that functions on top of Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to mainnet, where they are validated.
This L2 rollup inherits the security of Ethereum, but transactions are both cheaper and faster. Finematics provides a great video overview and visuals of how Optimism works.
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You shall not purchase or otherwise acquire our restricted token products if you are: a citizen, resident (tax or otherwise), and/or green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (defined as a U.S. person), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”).  The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).
