# IIP-166: Deprecate MNYe, GMI, FLI-P & DATA products

**URL:** https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431
**Category:** Product
**Tags:** fli, IIP, product, mnye
**Created:** [19 October 2022 11:58 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431 "2022-10-19T11:58:49Z")
**Posts on this page:** 8
**Page:** 2

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### Author: ![vvronsky](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/vvronsky/32/2628_2.png) [@vvronsky](https://gov.indexcoop.com/u/vvronsky)
#### Post date: [26 October 2022 21:37 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/21 "2022-10-26T21:37:05Z")

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Thanks, just voted.

To add onto @Vitruvius and @omnifient point, the lack of demand isn’t from the products themselves. it’s a market wide lack of demand. Most folks with large stakes in ETH are currently validators. Illiquid.

Let’s not take the assumption of the poor market demand to the products. It’s ETH’s network that is causing this slow down, not us.

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### Author: ![kindeagle](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/kindeagle/32/2269_2.png) [@kindeagle](https://gov.indexcoop.com/u/kindeagle)
#### Post date: [27 October 2022 19:01 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/22 "2022-10-27T19:01:08Z")

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IIP-166 has concluded and PASSED with 99.91% of the vote.

If you are a holder or liquidity provider of these products, please [visit our blog post](https://indexcoop.com/blog/deprecation-of-data-gmi-mnye-and-polygon-flis) for further details and next steps.

 ![Screen Shot 2022-10-27 at 3.00.27 PM](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/1/10a494f1bd91db8a80f79354dd4c165526254e1e.png)

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### Author: ![cyclist](https://avatars.discourse-cdn.com/v4/letter/c/7ba0ec/32.png) [@cyclist](https://gov.indexcoop.com/u/cyclist)
#### Post date: [7 December 2022 20:44 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/23 "2022-12-07T20:44:08Z")

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wasn’t active in following Index for a while, and saw that GMI will be deprecated  
all in all, probably not worth staying at this point, since community is against it

what is interesting to me is that I had it staked in liquidity mining, and saw that it cannot be redeemed from staking on website, so cannot redeem GMI as well, is there a way around it?

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### Author: ![TheYoungCrews](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/theyoungcrews/32/943_2.png) [@TheYoungCrews](https://gov.indexcoop.com/u/TheYoungCrews)
#### Post date: [12 December 2022 17:10 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/24 "2022-12-12T17:10:41Z")

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hi @cyclist, you can Unstake your GMI & claim any accrued index rewards at the link below.

We haven’t had any active liquidity mining since the GMI singe sided staking campaign expired in Q1 2022, so the liquidity mining page is not on the newest rebuild of our website, but you can access the legacy site below. The smart contracts remain unchanged.

> **[Index](https://archive.indexcoop.com/liquidity-mining)**
>
> The community led crypto index collective

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### Author: ![cyclist](https://avatars.discourse-cdn.com/v4/letter/c/7ba0ec/32.png) [@cyclist](https://gov.indexcoop.com/u/cyclist)
#### Post date: [16 December 2022 08:14 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/25 "2022-12-16T08:14:52Z")

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thanks man  
did an unstake

when is planned to have rebalance into a single asset?

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### Author: ![allan.g](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/allan.g/32/3130_2.png) [@allan.g](https://gov.indexcoop.com/u/allan.g)
#### Post date: [21 December 2022 16:20 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/26 "2022-12-21T16:20:19Z")

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GMI was rebalanced into USDC on 12/7. As you can see on [etherscan](https://etherscan.io/address/0x47110d43175f7f2c2425e7d15792acc5817eb44f), the GMI token is currently comprised of USDC.

 ![Screenshot 2022-12-21 at 11.15.14 AM](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/6/67d309d5146295f4041597a2060e221ffdcc7c3b.png)

The streaming fee has also been turned off for GMI and the other deprecated products.

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### Author: ![MrMadila](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mrmadila/32/4002_2.png) [@MrMadila](https://gov.indexcoop.com/u/MrMadila)
#### Post date: [2 January 2023 13:42 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/27 "2023-01-02T13:42:29Z")

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At the end of 2022 support for the above structured products was formally withdrawn as scheduled.

As of 2nd Jan 2023 the outstanding status of these products is as follows:

 ![image](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/7/7bdf5390b07dc57c107a8b85635bec1e1bb04c4d.png)

Remaining product holders can redeem their holdings for the underlying balances at any time directly via etherscan (polyscan for FLI-Ps) or via [https://legacyproducts.indexcoop.com](https://legacyproducts.indexcoop.com)

Users requiring any additional support should reach out via the community discord

> **[Join the Index Coop Discord Server!](https://discord.com/invite/indexcoop)**
>
> Check out the Index Coop community on Discord - hang out with 13,474 other members and enjoy free voice and text chat.

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<div class="post-metadata">

### Author: ![MrMadila](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mrmadila/32/4002_2.png) [@MrMadila](https://gov.indexcoop.com/u/MrMadila)
#### Post date: [10 January 2023 22:42 UTC](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431/28 "2023-01-10T22:42:50Z")

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For users wishing to continue following the DATA and/or GMI related sectors the following approximate weights were observed shortly before deprecation.

 ![image](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/0/072305d6270569fe294dfcdda4cd53c76da08950.png)

[Previous page](https://gov.indexcoop.com/t/iip-166-deprecate-mnye-gmi-fli-p-data-products/4431.md?page=1)
