Intro and Background
Index Coop DAO builds onchain structured products and its mission is to make it easy for people to access crypto. Index Coop powers leverage and yield tokens, which can be found in the Index Coop app and in CEXs, dApps and wallets.
This report aims to keep token holders informed about the latest news, roadmap and significant successes and challenges.
Financial Snapshot
- TVL: $76.3M (+$12.9M MoM)
- Monthly net dollar flow (MN$F): $5.4m
- Runway: 55 months
Single-counted TVL, not double, triple, or otherwise counted
News From July
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Product focus: i) the team researched and identified a great package of new Mainnet and Arbitrum leverage products to ship in September - having seen encouraging growth from assets like SOL, SUI and XRP (SOL3x ~300% increase in TVL M/M) and will continue to improve breadth / depth where there’s observable PMF; ii) the Engineering team invested in improving coding speed and testing coverage with AI coding tools; and iii) the SOL, SUI and XRP products were suffering from volatile lending market liquidity so Andrew built an allocation optimizer that has processed $millions in rebalancing transactions to keep each Morpho market as close to its target utilization as possible - this allows each market to reach its natural clearing rate, allowing for long term scalability of our Universal leverage products on Base (read the thread here).
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Growth focus: i) Jordan worked on a potential sale of DPI and MVI after interest from an index token and infra provider - a potential way to increase cash reserves and realize value for two deprecated products; ii) Crews promoted our Trade of the Month competition, which had SOL/SUI leaders or the first time, while also driving yield seekers to related Morpho markets with attractive yields; iii) we also promoted the latest INDEX burn, which drove new mass affluent and whale inbounds and activity in the Index Insiders channel; and vi) we explored an inbound from an APAC fund, which wants to help Index Coop access Asian markets/venues and has proposed an operating partnership in the region with INDEX investment.
Focus For September
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Launch and promote new leverage tokens
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Advance the DPI, MVI sale
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Advance the APAC fund partnership
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Plan a potential INDEX incentive campaign for leverage token users
Thank you for reading.