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đź”´ Disrupting Big Tech data monopolies đź”´ | July 6th Newsletter
đź”´ Disrupting Big Tech data monopolies đź”´ | July 6th Newsletter
July 6th Newsletter
7/6/2022
Index Coop
Content
Disrupting Big Tech data monopolies
July 6th Newsletter
Hi, there! At Index Coop, we take pride in fostering a community and product suite that values openness, collaboration and win-win opportunities. One of our main communication channels celebrated a big milestone last week. Do you like supporting the underdog? Learn how the Web3 Data Economy Index (DATA) provides diversified exposure to decentralized protocols that are taking on today’s modern day tech monopolies. Finally, take a listen to Index Coop contributor, Crews, as he discusses the benefits of on-chain index products in a recent Twitter Spaces.
-@thekindeagle and the Index Coop team
INDEX COOP NEWS
🦉 Index Coop at 50k 🦉
The parliament of owls gaining knowledge and understanding how crypto index products unlock prosperity for everyone continues to grow. Community announcements, helpful product explainers or on-point crypto memes, our Twitter account will always keep you up to date about the latest at Index Coop. Our follower count recently passed the 50,000 mark and we’re just getting started. Along with our Twitter account, be sure to connect with us on LinkedIn, YouTube, and Instagram for Index Coop and on-chain index news.
PRODUCT NEWS
đź”´ DATA - Disrupting Big Tech Data Monopolies đź”´
The Web3 Data Economy Index (DATA) is a digital asset index that tracks the performance of data product and service protocols across the blockchain. DATA is the first decentralized index to capture the growth of the data economy and also the first to include non Ethereum-based tokens. DATA includes oracles, decentralized storage, marketplaces, and more. These tokens are inherently multi-chain and grow along with the success of the entire crypto industry. Don’t miss your chance to learn more about this ecosystem of data-based products and services that are disrupting modern day Big Tech data monopolies.
DAO NEWS
🎙 Getting Started in DeFi and Crypto 🎙
For those who are new to crypto, the first steps towards building a diversified portfolio of crypto assets aren't always clear. Even those with sufficient knowledge and experience may not want to spend hours researching and executing a personalized strategy. You’re in luck because a roundtable discussion addressing these topics and more is now available. Index Coop contributor Crews recently took part in an in-depth chat with Blazar from Furucombo and Ramon from Babylon Finance. This Twitter Spaces session provides an inside look into how crypto index products are structured and the savings associated with them. By gaining a diversified exposure to different assets and protocols, those looking to make big allocations or dollar cost average small amounts can benefit in all market conditions.
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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).