🟣 Owls flock to Permissionless 🟣 | May 25th Newsletter
Owls at permissionless
May 24, 2022
Hi, there! We’re back from Permissionless and ready to hear from you! Have questions about Index Coop, icETH, or DPI? Head over to Reddit and take part in our r/ethereum AMA. Also, nothing beats an IRL crypto conference and spending time with co-contributors and the DeFi community. Check out what the Owls from Index Coop were up to last week at Permissionless. Finally, we spotlight a key holding of our Bankless DeFi Innovation Index (GMI), Frax Finance. Learn how Frax is bringing sustainability and innovation to stablecoins.
-@thekindeagle and the Index Coop team
INDEX SOCIAL
🟠 Ask Owls Anything on Reddit 🟠
How does a global DAO work together to build crypto index products? What's the origin story of Index Coop? And most importantly, is the name pronounced coop or co-op? @theyoungcrews and I are currently answering these inquiries and more on Reddit. So, whether you want to ask a question or you’re curious to see what others are interested in learning about Index Coop, you should definitely check out our AMA in the popular r/ethereum subreddit.
CRYPTO EVENTS
🦉 Owls Migrate to Palm Beach 🦉
When you’re a part of a distributed global team, the majority of shared interactions and moments happen over Discord, social media, and video calls. And while technology is great, nothing beats shared experiences. Last week at Blockwork’s Permissionless, Index Coop contributors had the opportunity to meet their fellow Owls and the DeFi community IRL. Sure, there was a Telegram group chat, but for the most part, digital communications were replaced with handshakes, conversations, a few beers, and deep-fried gator appetizers. Solidifying the virtual bonds with team building in Palm Beach will help us as we work together to create decentralized financial products that unlock prosperity for everyone. Check out images from Permissionless.
TOKEN REPORT
¤ Frax Finance (FXS) - A Stablecoin Protocol in GMI ¤
Recently, algorithmic stablecoins have spurred a raucous debate in the media and on crypto Twitter. The downfall of UST/LUNA has been impossible to ignore and some wonder if an algo-stablecoin will ever maintain par long-term with the US dollar. Since its launch in 2019, $FRAX. Frax Finance’s stablecoin has never gone off its peg. This is quite remarkable compared to its peers of algorithmic stablecoins (e.g. Iron Finance and Fei). Frax is at the forefront of algo-stable innovation and consistently shipping innovative products making its governance token ($FXS) worthy of inclusion in the Bankless DeFi Innovation Index, GMI. Learn more about Frax here.
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