Index Cooperative

What is the Index Coop?

The Index Coop is a vibrant community composed of finance professionals, engineers, DeFi experts, meme-makers, content marketers, and crypto enthusiasts. Together, they are dedicated to simplifying crypto investing by launching, growing, and maintaining some of the most trustworthy crypto indices on the market. Here's a glimpse into what the Coop offers:

• DeFi Pulse Index (DPI)
• Metaverse Index (MVI)
• Bankless BED Index (BED)
• Index Coop Large Cap Index (ic21)
• Interest Compounding ETH (icETH)
• Diversified Staked ETH Index (dsETH)
• Gitcoin ETH Index (gtcETH)
• And many more

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Recent Video Interview

Main points of the interview:

• Index Coop's mission to simplify crypto investing via on-chain structured products.
• Index Coop automates complex strategies into single ERC20 tokens.
• The advantages of on-chain products: 24/7 liquidity, global accessibility, and composability.
• Discussing Index Coop as pivotal in tokenizing assets for broader market access.

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Goals

The Index Coop has outlined clear objectives to drive its mission forward. Firstly, it aims to Increase Adoption by introducing and expanding the reach of its index products to a wider audience, extending beyond the current DeFi ecosystem. By making these products accessible and appealing to a broader demographic, the Coop seeks to democratize crypto investing. Secondly, the Coop strives to Become Market Leaders by prioritizing the creation of high-quality crypto indices. Through meticulous curation, innovative strategies, and a commitment to transparency and reliability, the Coop aims to establish itself as the foremost authority in the crypto index market.

INDEX Token

The $INDEX Token serves as a governance tool for voting on proposals within the DAO. These proposals cover a wide array of topics, including new product launches, changes to existing products, treasury allocation decisions, third-party protocol governance, and more. While the primary utility of $INDEX tokens lies in governance, it's within the power of $INDEX holders to determine additional utility and value accrual mechanisms for the token.

DeFi Pulse Index (DPI)

The DeFi Pulse Index stands as the Index Coop's pioneering product. It is a capitalization-weighted index designed to track the performance of decentralized financial assets across the market. This digital asset index aims to provide investors with exposure to projects in the Decentralized Finance sector that demonstrate significant usage and commitment to ongoing maintenance and development.

Metaverse Index (MVI)

The Metaverse Index captures the emerging trend of entertainment, sports, and business transitioning to a virtual environment, with economic activity conducted on the Ethereum blockchain. It is tailored to reflect the growing importance of virtual spaces and experiences in today's digital landscape.

Index Coop Large Cap Index (ic21)

The Index Coop Large Cap Index (ic21) is fueled by 21.co Wrapped Assets and comprises the most successful crypto projects. It offers diversified exposure to top crypto projects through a square root market cap weighting approach. ic21 includes non-EVM-native assets represented by fully collateralized wrapped tokens provided by 21.co.

Bankless BED Index (BED)

The Bankless BED Index is a composite of Bitcoin, Ethereum, and DPI tokens, each carrying equal weight. This construction, proposed by Bankless, aims to provide passive exposure to the most promising use cases and themes in crypto: store of value, programmable money, and decentralized finance.

In addition to these products, the Index Coop operates on both Index Protocol and Set Protocol v2, each serving as platforms for managing asset management strategies through ERC-20 tokens. These platforms enable the creation and maintenance of structured products aligned with the Coop's objectives.

Investors and Similar Projects

Index Coop's investors: Node, Collider, Wintermute, WhiteStar Capital, Sequia, Galaxy Digital, DeFiance Capital, 1kx... Badger, Similar projects: 0x Protocol, Aave, Aavegotchi, AirDAO, Badger, Balancer, BitDAO, Compound, BarnBridge, PowerPool Concentrated Voting Power...

Project Development

The Index Coop has introduced a novel incentive called Product Revenue Tokens (PRTs) to involve depositors in sharing product revenue, marking a significant evolution in its product development process. The inaugural token to undergo this revamped launch process is the High Yield ETH Index token (hyETH), pending approval by $INDEX holders. Participants who deposit wstETH during the pre-launch phase stand to receive PRTs, granting them a share of revenue from the hyETH product.

The presale process for hyETH requires a minimum of 500 units of wstETH to be deposited for the token to transition into its full composition. PRT holders will receive product revenue through a staking contract, encouraging early deposits and active participation in the product's growth. However, presale participation is not available to Restricted Persons, and early withdrawals result in the forfeiture of rewards. Staking of PRTs is also restricted to non-Restricted Persons, with comprehensive limitations enforced. These measures ensure fair participation and distribution of rewards within the Index Coop community.

Index Cooperative Price Analysis

As of November 24 2024 Index Cooperative has a marketcap of $22M. This is {{percentagefromath}} from its all time high of $67.08. In terms of its tokenomics, there's a total supply of 10M with 67% currently outstanding. Keep in mind Index Cooperative has a fully diluted value of $33M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.