Intro and Background
Index Coop DAO builds onchain structured products and its mission is to make it easy for you to access crypto - no matter your financial expertise or wealth. Index Coop powers index, leverage and yield tokens, which can be found in CEXs, dApps and wallets.
This report aims to keep token holders informed about the latest news, roadmap and significant successes and challenges. It includes a financial snapshot, updates from core teams and the focus for the next month. You can read the last report here .
Thank you for reading.
December Close
- TVL: $83.3m*, -14%m MoM
- Monthly net dollar flow (MN$F): -$4.7m
- Monthly revenue/costs: $192k/$225k.
- Runway: 103 months.
- Single counted TVL, not double, triple, or other counted.
News From December
- Product focus (via @0xdunerider): the team: i) successfully migrated hyETH to a Gauntlet-managed Morpho vault. There are already significant improvements in gas efficiency from this migration and we can look forward to vault reallocations and âGTM v2â for the product in January; ii) shipped the first two ETH/BTC leveraged ratio products - ETH2xBTC and BTC2xETH; iii) BTC leverage is coming to Base! BTC2x and BTC3x smart contracts are code-complete with an expected release in the first half of Jan; iv) completed several quick-win improvements to app navigation, shipped the new /Earn subdirectory and delivered the first batch of UI/UX improvements to the Leverage Suite (with more Leverage Suite fit and finish work shipping in January ).
- Growth focus (via @0x_Dev): the team: i) moved a range of large BD conversations from âpitchingâ to âexecution scopingâ (a minority % will close naturally, but these include: Bitgo, Blockchain.com, ByBit, Coinstore, Metamask, Paxful, StakeKit, Trust Wallet); ii) launched the new ETHBTC ratio products with a mini-campaign and supporting thought leadership threads(thanks AB); iii) followed the Roadmap communications with various micro updates; vi) continued to promote the benefits of the leverage tokens versus perps; v) executed outreach to a list of influencers re ETHBTC tokens promotion.
Focus For January
- Sign a contract with Mercado Bitcoin re icUSD integration - delayed from December.
- Agree terms for one more large scale icUSD integration (e.g. Blockchain.com) also delayed from December.
- Launch 2x and 3x BTC leverage tokens on Base.
- Ship the next phase of app updates for the /earn and /leverage sections
- Do a marketing campaign for new updates to the leverage tokens and app section - also delayed from December.