All Blog Posts

Index Coop Releases Onchain Structured Product Report

The Index Coop's annual report examines: the largest protocols and product types attracting the most TVL; the history of this market and its current makeup; and the headwinds, tailwinds and important trends impacting its builders

The Index Coop has released the first state of the industry report for the onchain structured products space. The onchain structured product space is a new DeFi sector that includes, onchain yield products, indices, derivative products, DIY portfolios and automated proprietary strategies. 

Index Coop Releases Onchain Structured Product Report

The full report is published on the Index Coop website. Some highlights include: 

  • In total, 49 projects have launched in the onchain structured product space since 2016. 9 have ceased operations, and 13 have suffered exploits. 
  • The onchain structured product market makes up 0.21% of the crypto market overall, with a combined TVL of $2.46bn across protocols. The DeFi market is $48.29bn and the total crypto market is $1.19tn. 
  • Yield products make up ~95% of assets, followed by DIY Portfolio & Index products

The paper covers the nascent sector’s major protocols, products, headwinds and tailwinds. It also addresses the future of onchain structured products, including the role of AI, the ‘Internet Financial System’, and potential for partnership between DeFi and CeFi. 

“The structured product space is in its infancy but growing.” said Jordan Tonani, Index Coop’s Head of Institutions. “Index Coop's onchain structured product white paper is the first ever attempt to define the space and categorize key players and products within it. We hope our research helps inform and guide others who are building in this space.”

Other builders in both the onchain and offchain structured products space have recognized the potential of onchain structured products. 

"Structured products have significant potential as an onramp for retail and institutional investors in digital assets,” said Ryan Rasmussen, DeFi Research Analyst at Bitwise. “The Index Coop's report represents an important step in defining the nascent onchain structured product space." 

Diana Biggs, a partner at 1kx (which has invested in the Index Coop), echoed that sentiment. 

“As the crypto market matures and grows, onchain structured products will have an increasingly important role to play, for both retail and institutional investors. Congratulations to Index Coop for taking the initiative to compile the data and promote awareness around this nascent and important area of innovation."

Others, like Alongside cofounder and CEO Austin Diamond, emphasized the importance of index products in increasing access to onchain capital.

"Index products have historically been one of the greatest equalizers in finance for retail participants and can provide a much needed counterweight to the active trading heavy nature of the crypto market today,” Diamond said. 

Others emphasized the importance of products being onchain.

“In a post-FTX world, we believe that the fundamental principles of self-custody, 24/7 transparency and elimination of counterparty risk are more important than ever,” said Mona El Isa, Founder at Enzyme and Founder and CEO at Avantgarde.

About Index Coop

The Index Coop is a decentralized autonomous organization (DAO) and the largest provider of on-chain structured decentralized finance (DeFi) products. Our diversified and automated products provide exposure to the most productive and sustainable strategies in DeFi. We currently offer a sector, leverage and yield-generating products via ERC20 tokens that are accessible, secure and simple to use.

Press contact:


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.

You shall not purchase or otherwise acquire our restricted token products if you are: a citizen, resident (tax or otherwise), and/or green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (defined as a U.S. person), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”).  The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).

Recent Posts