Index Coop 2022 Q2 Financial Review
Authors: @Hammad1412 and @ElliottWatts
We are pleased to present the 2022 Q2 financial review for the Index Coop. The report takes a deep dive into the Index Coop financials and performance looking back over the last 3 months.
Here is the pdf version of the report:
Index Coop Q2 2022 Financial Report.pdf (5.0 MB)
Below we provide some key highlights from the Q2 financial review.
- Revenue totaled $877K, down 30% from the previous quarter, with ETH being down 31% in the same period
- Total Q2 loss stands at $1.3M
- The largest contributor to revenue continues to be ETH2x-FLI, accounting for $322K of the revenue in Q2
- Our community treasury stands at $23.3M as of June 30th 2022 ($INDEX makes up 62%)
- Total TVL is down 77% from Q1 from $239.2M to $54.09M
- Q2 average monthly spend in stablecoins equals $290K
- Stablecoin holdings are $7.66M
- 26 month stablecoin runway at the end of June, calculated at the gross burn rate - treasury stables / stables average monthly spend
- Two standout performers are DPI and ETH2x-FLI which have amassed 79% for the Coop this quarter in streaming fees
The product profitability metrics for the polygon product suite can be found in the full report.
- Overall spend totalled $1.7M down by 5% from Q1
- Contributor rewards are down 7% with total spend for quarter coming in at $1.49M
- June (with one payment to be made in July) involved the severance payout for departing core contributors, which will total $209K paid out in USDC
You can find the detailed financial statements (profit/loss statement and balance sheet) within the report. As always, please let us know your thoughts and if there is anything else you’d like to see in the next iteration.