All blogposts
Bridging the DeFi Adoption Gap: The Index Coop and Argent Partnership
Bridging the DeFi Adoption Gap: The Index Coop and Argent Partnership
5/15/2023
Index Coop
Promoting widespread DeFi adoption and self-custody is at the heart of the evolving partnership between Index Coop and Argent.
Join our community call with Argent to learn more about this partnership and its implications: https://indexcoop.typeform.com/communitycall
The past six months of financial markets have been a roller coaster ride. We've witnessed shocking collapses and scandals, and observed the downfall of banks and institutions due to rising debt, interest rates, and insolvency. These instances continue to underline the importance of self-custody, and the need to move away from flawed centralized financial systems.
Fortunately, decentralized financial technology is maturing and providing a viable alternative. However, we still have a long way to go in terms of overcoming hurdles for mainstream adoption. This is where the partnership between Argent and Index Coop comes in, aiming to bridge this gap and facilitate widespread DeFi adoption.
The Argent Experience
Argent offers an exceptional DeFi wallet experience, making it easier for users to achieve self-custody of wealth. The platform simplifies the process of setting up a decentralized wallet, managing private keys/secret phrases, and purchasing and storing funds. On the other hand, Index Coop leads the ecosystem in creating fully on-chain structured products, packaging sophisticated DeFi strategies into a single token.
The Argent x Index Coop Partnership
The partnership means that Index Coop products can be purchased through the Argent Wallet, allowing users to enjoy the benefits of fully on-chain, self-custodied DeFi products with minimal onboarding knowledge or experience. Essentially, if you can set up a PayPal account, you can set up an Argent wallet and access the potential of DeFi and self-custody.
The Future
Argent continues to innovate and simplify the user experience for self-custodying assets, while Index Coop is packaging the most sustainable and progressive DeFi primitives like Ethereum leveraged yield (icETH) and liquid staking (dsETH). These products are all available through a single Index Coop token via the Argent wallet.
If you're interested in accessing these progressive DeFi strategies with minimal friction, join the Index Coop Discord, and we'll guide you through the process. You can also sign up with Argent directly and purchase our products there.
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: