Index Coop token products are not marketed or offered to any Restricted Person, as this term is defined in our Terms of Service. As defined therein, a Restricted Person includes a citizen, resident (tax or otherwise), and/or green card holder of the United States of America, or a person in any jurisdiction in which such offer, sale, and/or purchase of Index Coop token products is unlawful, prohibited, or unauthorized. If you are a Restricted Person, you may not purchase or otherwise acquire Index Coop token products.

Our website restricts trading of these tokens by Restricted Person. All website users, including Restricted Person, must read our Terms of Service and list of Tokens Restricted for US Persons

Thank you! Check your email for confirmation.

Market Neutral Yield ETH (MNYe)

CURRENT PRICE

Change

The Market Neutral Yield ETH (MNYe) token from the Index Coop automates a continuous basis trading strategy that returns a historically high, price neutral yield to token holders. Built using Set’s integration with Perpetual Protocol on Optimism, MNYe contains a fully hedged ETH position, with equivalent spot exposure and short exposure via perps. Token holders will earn a variable USDC return when the funding rate is positive, while removing all exposure to price volatility of the underlying asset. For interest, please contact: [email protected]

Stats

Market Cap

Volume

Current Supply

Streaming Fee

0.95%

minting / Redeeming Fee

0% / 0.30%

Underlying Tokens

Optimistic ETH
USDC logo
USDC (Staked)
USDC logo
vUSD
Wrapped Ethereum logo
vETH (Debt)
Yield is accessed via:

About

Objective

The Market Neutral Yield ETH Index from the Index Coop enables token holders to access a price neutral, stablecoin-denominated yield by automating a basis trading strategy on the Perpetual Protocol ETH market.

MNYe has several key features:

Automation - management of underlying spot and perp positions are automated.
Compounding Yield - yield accrues to the token’s value over time and is compounded weekly.
Composability - ERC20 token that can be freely integrated, issued, redeemed, and exchanged across DeFi.
Accessibility - abstracts a sophisticated trading strategy into a single token

Initial Parameters

Disclaimer:

Sign up for our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.