Apr 13 | 2 min read
Hi, there! To coincide with the launch of icETH, Index Coop is hosting a meme competition with voting going on right now. This week, we’re excited to introduce you to the updated Index Coop App. With a new dashboard and helpful features, we’ve created a simpler way to navigate and buy crypto index products on our website. We’ll also break down the mechanism and strategy behind how the icETH token generates ~10% APY on ETH. The Index Coop team
Memes = communication + culture. From Crying Jordan to Nyan Cat, memes are more than just funny photoshops, gifs, or cartoons that spread widely online. They can also be a powerful tool that helps build a shared narrative and community culture. A picture is worth a thousand words, but a meme is worth a thousand pictures. So to celebrate the launch of icETH, Index Coop is holding a competition to crown a new community Meme Lord/Lordess. Voting is taking place within our Discord. We’ve asked community members to create memes to help describe what the product is, who it’s for, and the benefits. Which are your favorites? Check out icETH memes.
The Index Coop web app just keeps getting better. Our engineering team has worked hard on the design and functionality to improve your buying and selling experience. Now, when you first enter the app site, you’ll be greeted by a new custom dashboard feature. By connecting your wallet, you’ll gain immediate insights into your portfolio of Index Coop products and transaction history. The improvements also include updated buy/sell widgets and a more straightforward product navigation structure. We’ve also made it easier to view each product’s composition. For our thematic indices (DPI, MVI, DATA, BED, GMI), you’ll find the names and percentage of underlying tokens on each index product page. At the Index Coop, we value community and investor input. So don’t be shy, email us and let us know what you’d like to see next.
Last week, we launched Interest Compounding ETH Index (icETH) which gives token holders amplified exposure to the staking yield on ETH. Staking is the process of actively participating in transaction validation on the Ethereum blockchain. Those who help validate transactions earn staking rewards. icETH is a token that retains spot exposure to ETH and amplifies staking returns up to 2.5x. The enhanced yield is derived from a strategy built on Set Protocol with Aave and Lido. As yield is continuously generated from staking, the increase in value is reflected in the increasing price of icETH compared to ETH. Do your icETH research.
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