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Argent makes buying Index products easy | March 16th Newsletter
Argent makes buying Index products easy | March 16th Newsletter
This week, we’re excited to announce that Index Coop products are now available on zkSync with Argent.
3/16/2022
Index Coop
Content
March 16th Newsletter
Hi, there! This week, we’re excited to announce that Index Coop products are now available on zkSync with Argent. This means lower gas fees when you buy or trade Index Coop products on Argent. We’re also launching two new FLI products this week: BTC2x-FLI-P and iBTC-FLI-P. Finally, thank you to those of you who filled out our CTA Product Survey last week. For those of you who haven’t shared your thoughts yet, the survey is still open. We’d love to hear from you. The Index Coop team
💵 to Index Products in Fewer Steps with Argent
Transacting on the Ethereum network can be expensive. That’s one reason we’re excited to announce that Index Coop products are now available on Argent via zkSync. With Argent, you’ll be able to securely deposit fiat from Apple Pay or a credit card to buy Index products safely, and transactions can cost up to 100x less. In addition to lower fees, you can feel secure knowing that Argent is a non-custodial wallet which means that you and only you are in control of your assets. As a true Layer 2 solution, zkSync provides near-instant transactions via the ZigZag exchange that inherit all the security of the Ethereum Layer 1. Argent is available to download now on iOS and Android.
Master the Bitcoin Market ₿
This month, we launched two new polygon flexible leverage products, BTC2x (BTC2x-FLI-P) and Inverse BTC (iBTC-FLI-P). These structured products built in collaboration with Scalara (formerly Pulse, Inc.) enable traders to automate leveraged exposure in a completely decentralized manner. BTC2x targets a long 2x exposure to BTC, and Inverse BTC targets a short -1x exposure to BTC, and both employ a flexible leverage ratio for optimal rebalancing outcomes. If you’re unfamiliar with our Flexible Leverage Index products, they are tradable ERC-20 tokens that aim to generate leveraged exposure to the underlying asset. Along with BTC, you can use FLI tokens to access double (2x) exposure on a number of different cryptocurrencies, while greatly reducing the risk and complexity usually associated with leveraged trading. Both BTC2x & iBTC are available on the decentralized trading platform Slingshot, so you can easily get the best prices, speed, and execution on trades.
Join Us! Institutional DeFi 101 Webinar 👩🏽💻
With over $200 billion locked in DeFi protocols, we’re seeing increased interest from institutional investors. If you’re looking to understand more about how institutional investors can invest in DeFi, join our upcoming Institutional DeFi webinar with BitGo, a leading institutional digital asset platform, and custodian, on March 29th. You’ll learn about growing opportunities for institutional investors in DeFi, understand the latest industry trends, and learn how Index Cooperative and BitGo enable safe, secure access and exposure to this new asset class. Don’t miss your opportunity to gain insights from Nuri Chang, BitGo’s Director of Product Management, and Mike Taormina, Head of Institutional Business as they provide an introduction to Institutional DeFi.
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FAQs
Streaming fees (an annual fee paid continuously block-by-block)
Mint and redeem fees
Borrow costs (interest paid to borrow funds from onchain markets when using leverage)
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.
Costs and fees vary by product, but typically most products can include some combination of the following: