# Finance Nest - A Thread of Monthly Financial Report Publications

**URL:** <https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-financial-report-publications/3661>\
**Category:** Finance\
**Tags:** Financial-Report\
**Created:** [12 January 2022 20:55 UTC](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-financial-report-publications/3661 "2022-01-12T20:55:39Z")\
**Posts on this page:** 1\
**Showing post:** 6

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**Author:** ![Finance](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/finance/32/2184_2.png) [@Finance](https://gov.indexcoop.com/u/Finance)\
**Post date:** [12 January 2022 21:18 UTC](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-financial-report-publications/3661/6 "2022-01-12T21:18:39Z")

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## Index Coop - August 2021 Financial Report

I am pleased to present Index Coop’s August 2021 one-page Financial Report and the longer form deep dive article which has been posted on medium - [link here](https://medium.com/indexcoop/august-has-seen-the-index-coop-grow-from-strength-to-strength-both-from-a-financial-standpoint-and-768e6307d944).

At the end of August, the Index Coop treasury has a market value of $85.3M, of which 90% are INDEX tokens.

**Key Takeaways**

\*Index Coop at a gross profit level experienced its first profitable month a direct result of reduced LM incentives on DPI. ETH 2x-FLI stole the show generating fees of $348k alone.

- Revenue increased 77.2%, Liquidity Mining costs decreased by 58.7% and Contributor Rewards increased by 270%.
- Contributor rewards are up significantly this month, a direct result of FTE vesting contract cliffs being reached.
- Unit Supply across all product offering was up 8.1% which is an increase of nearly 124,000 units. The largest gain in unit supply BED growing 48% with MVI also adding 33% growth in supply
- Overall profitability worsened from a $0.50m loss in July to a $0.77m loss in August. When excluding the FTE rewards the DAO would have generated a loss of $0.35m
- AUM increased by 53% MoM from $227.4m to $348.4m.
- The reduction in liquidity mining incentives is expected to significantly improve the profitability of DPI as a product and drive further improvements in capital efficiency.

Please do drop a comment below and let us know what you think.

[Index Coop - Treasury Report - August 2021.pdf](https://gov.indexcoop.com/uploads/short-url/tFmo2il0k7EVyg92if7vgUNNuPK.pdf) (262.0 KB)

Medium: [August has seen the Index Coop grow from strength to strength both from a financial standpoint and… | by Elliott Watts | The Index Coop | Medium](https://medium.com/indexcoop/august-has-seen-the-index-coop-grow-from-strength-to-strength-both-from-a-financial-standpoint-and-768e6307d944)

 ![Screenshot 2022-01-12 at 21.12.26](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/0/07160d0bbace522de476bac803c68c4186cbcab2.jpeg)

Original forum post: [Index Coop - August 2021 Financial Reports](https://gov.indexcoop.com/t/index-coop-august-2021-financial-reports/2626)  
Authors: @ElliottWatts, @prairiefi, @AcceleratedCapital and @Matthew_Graham.

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