🦉 Add $INDEX To Your Retirement Accounts 🦉 | July 20th Newsletter
🦉 Add $INDEX To Your Retirement Accounts 🦉
July 19, 2022
🦉 Add $INDEX To Your Retirement Accounts 🦉
July 20th Newsletter
Hi, there! Are the bears taking a break? ETH is up 40% this week and we’re all receiving a timely dose of hopium. With that in mind, did you know that you can now hold crypto in your retirement accounts? This week, learn how you can add $INDEX to your IRA. Also, what is The Merge and why should you care? Join Scalara and Index Coop for a live discussion this Thursday to find out. Finally, the DeFi protocols within the DeFi Pulse Index (DPI) are thriving. Learn which sustainable projects are providing long-term value for DeFi users.
- @thekindeagle and the Index Coop team
PRODUCT NEWS
🦉 Add $INDEX To Your Retirement Accounts 🦉
Are you tired of sifting through months of crypto transactions to calculate your tax liability? You can now hold $INDEX in a US tax-free or tax-deferred retirement account via the Alto CryptoIRA. Thanks to Alto’s integration with Coinbase, $INDEX, and 200+ coins and tokens are now available to buy, sell, and trade.
CRYPTO EVENTS
🐼 The Opportunities & Impact of the Merge 🐼
The Merge is one of the most anticipated events in cryptocurrency. Slated for late 2022, the Merge refers to the planned change from proof of work to proof of stake on Ethereum.
To learn more, join Allan Gulley from Index Coop and Nathan Howard from Scalara this Thursday at Noon Eastern/5:00 PM UTC on Crowdcast as they provide a brief overview of the Merge and the downstream effects to DeFi caused by the changing supply dynamics for ETH.
PRODUCT NEWS 🎥 Why Sustainable DeFi Benefits Everyone 🎥
Core DeFi protocols didn’t break during this bear market because they didn’t sacrifice core principles like decentralization, being permissionless, and generating sustainable yield. In particular, protocols within the DeFi Pulse Index (DPI) survived stress tests and maintained users even as prices pulled back. The three major DeFi use cases that have proven themselves in this cycle are:
- Decentralized (non-algorithmic) stablecoins (Maker)
- Overcollateralized lending protocols (AAVE, Compound); and
- Decentralized exchanges (Uniswap)
Others continue to gather positive momentum, such as synthetic assets (Synthetix) and liquid staking (Lido).
Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.
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