Interest Compound ETH (icETH) has arrived! | April 6th Newsletter
We’re launching a new structured product, icETH, that helps you earn a yield on ETH.
April 6, 2022
April 6th Newsletter
Hi, there! It’s an exciting week at Index Coop! For one thing, we’re launching a new structured product, icETH, that helps you earn a yield on ETH. Last week we elected the second Index Council. This representative body provides leadership to the Index Coop and helps us fulfill our community’s vision of unlocking prosperity for everyone. We’re excited to tell you more about v2 of the Index Council. And last but not least, a leader and valued member of our community, Mike Taormina, will be speaking at the 2022 Wharton Fintech Conference. We've got all the details for you about this high-profile crypto event. The Index Coop team
PRODUCTS
Start Earning Yield on Your ETH 🧊
Whether it’s in a central exchange, MetaMask, or a cold wallet, there are many HODLing ETH and waiting for NGU (number go up). There’s a more productive way to gain exposure to ETH and earn an APY with our first yield product, Interest Compounding ETH ($icETH)! icETH provides an enhanced yield on ETH by using a leverage staking strategy built on Set Protocol. Token holders have spot exposure to ETH and nearly 2x the yield compared to simply holding stETH. icETH is built on the same battle-tested leverage token infrastructure as the FLI tokens, which abstracts collateralized debt management, automates rebalancing, and minimizes liquidation risk. Because of the high correlation of the assets involved, icETH is safer than doing using leverage manually. If you’ve been looking for a long-term buy, hold, and compound opportunity, icETH may be right for you. Buy icETH here.
DAO NEWS
Making Progress On Our Vision with Index Council 🗳
Last November, the Index community took a step forward in the organization’s leadership, governance, and decision-making efforts with the formation of the Index Council. The purpose was to enable more autonomous and decentralized entities to flourish with strategic support from an effective group of high-context contributors. The initial group of seven Index Coop contributors selected by the community laid out the vision, coordinated the hiring of key talent, and played a key role in the Season 1 budget, partner relationships, and delegation of tasks to Nests/Pods. With the first term coming to an end, a second election was recently held for the v2 of the Index Council. These community members will help set and carry out the strategic direction as we work to fulfill our vision to “build decentralized financial products that unlock prosperity for everyone.” Check out the full election results here.
EVENTS
Index Coop at Wharton Fintech Conference 📈
Our Head of Institutional Business, Mike Taormina, CFA, will be speaking at the upcoming 2022 Wharton Fintech Conference. Mike will be a featured member of a panel discussing “DAOs: New Methods of Capital Formation”. If you’re in the Philadelphia area, this is an event you don’t wanna miss. It features a power-packed lineup that includes FTX’s Sam Bankman-Fried, notable investment firms, and members of other innovative DeFi protocols like Compound, Uniswap, and others. The Wharton Fintech Conference takes place on April 21st (also on the 22nd for Wharton/Penn grads) and you can find out more about Mike’s panel and event details on the conference’s website.
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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