Over the past two years, Index Coop has become the market leader in building innovative, structured products. We’ve experimented by building a diverse mix of offerings on different blockchains.
Earlier this year, we received an open letter from stakeholders/investors providing constructive feedback about the current state and future of the DAO. Many substantial changes have taken place to our operations, helping facilitate long-term sustainability.
Along those same lines, our products have undergone a thorough evaluation. We’ve left no stone unturned to ensure that every Index Coop product is aligned with our DAO’s mission and provides substantial value to our customers.
During this review, it became clear that not all of our products have found product market fit or accumulated significant TVL. Their growth potential does not outweigh the ongoing costs of maintaining and promoting these products. So the DAO and community have taken the steps necessary to deprecate these products.
Today, an IIP passed to discontinue further development and support of nine Index Coop products: Bankless DeFi Innovation Index (GMI), Market Neutral Yield ETH (MNYe), Web3 Data Economy Index (DATA), and the suite of Polygon FLIs (ETH2x-FLI-P, BTC2x-FLI-P, Matic2x-FLI-P, iETH-FLI-P, iBTC-FLI-P, iMatic-FLI-P).
We’ve worked diligently to provide a clear timeline and simple redemption paths for all token holders. The three distinct phases of the deprecation and recommended steps for holders to take are:
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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