All blogposts
BitGo Supports $MVI $BED $DATA $DPI
BitGo Supports $MVI $BED $DATA $DPI
As of January 4, 2022, BitGo, leading custodian institutional digital asset management, has added support for the Metaverse Index (MVI), the Bankless BED Index (BED), and the Data Economy Index (DATA).
1/4/2022
Index Coop
BitGo Now Supports Index Coop’s Full Thematic Product Suite
The addition of these thematic index funds will provide BitGo’s institutional clients with simple, one-token access to emerging crypto asset themes. This expansion follows BitGo’s support of the Index Cooperative’s flagship index product, the DeFi Pulse Index (DPI), in Summer 2021.
BitGo and Index Cooperative will also partner to host virtual and in-person events in 2022, starting with a webinar on the emerging theme of Decentralized Finance.
“Our goals for serving high-net-worth and institutional investors are two-fold: to ensure Index Coop products are supported by institutional-grade infrastructure and to facilitate education and awareness of key crypto themes for those segments,” said Mike Taormina, the Co-Head of Institutional Business at Index Coop. “The expanding partnership with BitGo will allow us to achieve both of those aims.”
BitGo has been committed to serving institutions and crypto native businesses’ digital asset requirements since 2013. BitGo processes approximately 20% of all on-chain Bitcoin transactions by value and is trusted by more than 600 clients across 50 countries, including some of the world’s largest institutions and more than 150 exchanges. Collectively, BitGo secures over $64B in assets for these clients and remains the only service provider in the industry providing both qualified custody and self custody technology solutions to institutional investors, fintech firms, and crypto native platforms.
Four thematic products are now supported at BitGo:
“We’re seeing an increasing amount of institutional investors exploring DeFi in a meaningful way,” said Thomas Chen, BitGo Director. “By supporting Index Coop’s entire suite of products, BitGo is able to further enable institutional investors’ access and exposure to one of the most exciting asset classes out there.”
Once again, we would like to thank BitGo for their continued support and partnership to bring more interested capital into on-chain digital assets.
Learn more about BitGo at www.BitGo.com and follow them on Twitter.
Disclaimer: This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.
Dive deeper
Watch, read, and learn everything you need to master our leverage tokens.
Subscribe to our newsletter
Join over 6,000 subscribers in receiving weekly updates about our products, DeFi, and the onchain structured products space.
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: