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While the year is gradually drawing to a close, Index Coop has a lot going on as we prepare for 2023. From new partnerships to product launches, the upcoming year is focused on delivering simple, sustainable products that benefit our holders.
Inside this week’s newsletter:
— The Index Coop team
Today at noon Eastern/5 pm UTC, our head of institutional business Jordan Tonani joins The Tie and Hamzah Khan from Polygon on a LinkedIn Live to discuss “Investing in Indices: Structured Products in DeFi.”
We expect them to discuss:
If you’re interested, we encourage you to take advantage of this opportunity to understand better what DeFi is and what structured products look like on-chain.
In the simplest terms, Interest Compounding ETH Index (icETH) is an ERC-20 token that enhances ETH staking rewards (at the time of writing, icETH is generating an APY of 7.56% vs. stETH’s 4.90%). However, under the hood, it's a fairly complex product.
To help holders and potential icETH customers better understand the product, we’ve published a thorough Q&A post. Check out our helpful calculator to estimate your mainnet icETH yield.
In this Q&A, you'll get an in-depth understanding of the following:
Read "Understanding Your icETH Yield"
This past Tuesday, we hosted an open discussion with our customers and community. Community member the_emerald received an exclusive Index Insiders NFT for their contributions and feedback to our DAO.
Despite the volatility this past year, we reaffirmed our commitment to building decentralized products. Not only can all our products be self-custodied, but our product holders can view their holdings at any point with proof of collateral. We believe it’s vital to clearly and transparently acknowledge risks to give holders as much security for their assets as possible.
A brief discussion and links to resources were provided regarding icETH, our product roadmap, and a couple of new products to be launched in 2023, Diversified Staked ETH (dsETH) & Diversified Stablecoin Yield (DSY). We’re excited to share more soon.
Keep an eye out for the next live Index Community/Insiders Call. Until then, feel free to stop by our Discord.
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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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