Enter the Index Coop’s PRT explainer competition
Winner will receive 100 hyETH PRTs
April 10, 2024
This week the Index Coop launched a presale for a High Yield ETH Index. Depositors who deposit capital to the token will be rewarded with a new incentive, Product Revenue Tokens (PRTs). The PRTs will entitle holders to a share of the current and revenue from the High Yield ETH Index, if it meets its presale threshold and launches.
You can learn more about PRTs here.
As part of the hyETH presale and the launch of PRTs, we’re also hosting an explainer competition. Users who create winning PRT explainer posts on X will be rewarded with PRTs and INDEX tokens
Read on to learn more about the Index Coop’s hyETH PRT explainer competition:
How many PRTs and INDEX tokens do the winners receive?
There will be a prize for 1st, 2nd, and 3rd place.
- 1st: 100 INDEX tokens and 100 PRTs
- 2nd: 70 INDEX tokens and 70 PRTs
- 3rd: 30 INDEX tokens and 30 PRTs
What kinds of explainers are eligible?
PRTs represented a sophisticated new way of sharing the revenue from Index Coop products. We’ve done our best to explain how they work here and here, but we’re hoping the community can help us make these complex tokens even more understandable. Memes, animation, illustration, or prose, we’re open to all formats.
Where should I publish my explainer?
You can post your explainer on Mirror, Medium, Substack, or X. Pretty much any publishing platform or medium is eligible.
How can I submit my explainer?
Make sure to:
- Post a link to your explainer on X
- tag @indexcoop
- Add the hashtag #hyETHPRTs somewhere in the post
Who will judge the explainer submissions?
The submissions will be reviewed by Index Coop DAO contributors and a short list will be presented to the Index Insiders—a gated community of supporters who hold >$1,000 of $INDEX and/or Index Coop products—to be voted on.
Submissions will be judged on how well they articulate the PRT concept as well as their flair, humor, creativity, and originality. Engagement and impressions they generate are also important.
What is the deadline for submitting an explainer?
The submission window closes on Wednesday April 24th.
When will the winners be announced?
The winners will be announced on Friday April 26th.
How will the PRTs be disbursed to the winners?
Index Coop will reach out to the competition winners, to privately receive their address details, so we can send them the hyETH PRTs once they are available.
I have questions, where can I ask them?
Jump into the Index Coop Discord, look for the create-ticket channel, then click ‘Create Ticket’. A contributor will get back to you asap.
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