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Decentralizing Index Coop’s Structure | 1/18 Newsletter
Decentralizing Index Coop’s Structure | 1/18 Newsletter
Inside this week’s newsletter, how we're evolving Index Coop’s organizational structure.
1/18/2023
Index Coop
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Decentralizing Index Coop’s Structure
During the bull run of 2022, many got caught up in the froth and excitement of numbers going up, and some lost sight of cryptocurrency’s fundamental principles of decentralization, distributed ledger technology, cryptography, peer-to-peer transactions, and immutability.
In 2023, Index Coop is recommitting to those fundamentals by taking action. From how we organize and operate to the products we launch, we are working tirelessly to bring the benefits of DeFi and crypto to everyone.
Inside this week’s newsletter:
Evolving Index Coop’s organizational structure
Countdown until the release of our newest product
We’re hiring a senior writer/researcher!
— The Index Coop team
Evolving Index Coop’s Organizational Structure
On December 22nd, Index Coop passed a proposal to modify the organization’s existing structure. The initiative, formally known as IIP-170, aims to decrease reliance on individuals, increase on-chain governance, and prioritize token holders, all with the ultimate aim of further decentralizing the protocol.
IIP-170, which passed with 99.99% of the vote, will integrate Metropolis Pods to power the new structure, consisting of three core pods: the Engineering Pod, the Operations Pod, and the Treasury Pod.
Learn More About Index Coop’s Structure
Keep An Eye Out Next Week
After a period of focused development, the Index Coop is scheduled to launch our new tokenized DeFi strategy, dsETH, next week.
We've been working hard behind the scenes to bring you the best and most innovative financial products, and we can't wait to share more with you next week.
If you're interested in becoming an early liquidity provider, please contact our partnerships team for more information.
Visit Us In Discord To Discuss
Hiring a Senior Writer/Researcher
The Index Coop is looking to hire a senior writer/researcher who can produce expert, thought-leadership content on DeFi, on-chain structured products, risk, yield, leverage, and digital asset investment strategies.
This role is perfect for someone who has:
written and published deeply researched writing for a TradFi or DeFi publication, project, or protocol
working collaboratively with designers, social media managers, and other colleagues
comfortably written long-form, heavily researched whitepapers (5000-7000 words) and short-form blogs and newsletters (500-700 words)
Check Out The Full Job Listing or Forward To A Friend
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FAQs
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.
Streaming fees (an annual fee paid continuously block-by-block), mint and redeem fees (only on leverage tokens), and borrow costs (interest paid to borrow funds from onchain markets when using leverage).