zkSync Era & Polygon zkEVM Have Arrived! | 3/29 Newsletter
This week, we want to highlight some of the ecosystem players who are advocating for Crypto and making strides in our space.
March 29, 2023
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zkSync Era & Polygon zkEVM Have Arrived!
It's been a big week! Between Wells notices and CFTC lawsuits, the regulatory status of crypto remains uncertain. That's why this week, we want to highlight some of the ecosystem players who are advocating for Crypto and making strides in our space.
Read on for more about:
- Grassroots advocacy for crypto regulatory clarity
- zkSync and Polygon take blockchain to new heights
- Strengthening our community treasury
— The Index Coop team
Support Crypto Advocacy via Coin Center and Crypto435
In the upcoming weeks, the spotlight is expected to be on congressional activities concerning cryptocurrency regulation. This will involve the introduction of new bills, conducting hearings, and possible legislative progress. Index Coop joins forces with Coin Center, Coinbase, and others who champion a fair and equitable climate in the United States.
The moment has come for Americans to rally behind pro-crypto policies by participating in advocacy initiatives and supporting non-profit organizations that promote crypto-friendly policies.
With a staggering 50 million Americans invested in cryptocurrencies, Coin Center and Coinbase's Crypto435 are dedicated to informing policymakers and pushing for reasonable regulatory frameworks surrounding this technology. It goes without saying that we at Index Coop consider it vital for the US to maintain its position at the forefront of technology, including the realm of cryptocurrency.
zkSync and Polygon Launch Their ZK Rollups
Less than a week apart, zkSync and Polygon have each launched the next generation of the Ethereum rollups.
zkSync Era and Polygon zkEVM are both “zk rollups,” which improve the speed and capacity of blockchain transactions. They use special math techniques (called cryptographic proofs) to confirm that a group of transactions are valid. These proofs are then checked by Ethereum's system, so all users can trust that the transactions are legitimate. This process helps make the blockchain faster and more efficient without sacrificing security.
Strengthening Our Treasury: Revamping the Stablecoin Strategy
The Index Coop Treasury Pod is reallocating the treasury's assets to diversify and optimize the portfolio while mitigating risk. We propose the following allocations: 30% USDC, 30% DAI, 20% MMI (Index Coop's Money Market Index) on launch, 10% USDT, and 10% LUSD.
This change will provide a strong foundation for our treasury through investments in stablecoins and demonstrate our belief in the power of passive income through MMI.
We will continue to deposit a portion of our stablecoin assets in Aave and Compound for an additional low-risk yield. Trades will be executed using limit orders through Cowswap for the best value. We believe this allocation balances long-term capital preservation, risk mitigation, and stablecoin diversity.
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