I agree that the shotgun approach seems not be the best way to do things at this point.
However, I don’t think that’s what we’re doing. The IC differentiates itself from other index providers by partnering with well-known entities of the ecosystem to co-launch products. All of them had a comprehensive methodology, marketing efforts or reach, high credibility etc. Some even bring their own clients and partners.
While competitors might use a shotgun approach, our strategy requires partners to have a clear and well thought-out product vision. Therefore, I think what we’re doing is quite the opposite of the shotgun approach.
As you point out, the possibility is tiny and I’d argue that the risk of having to compete with TTI outweighs the risk of loosing marketshare to our own product. We should grow the pie together, rather than competing over pieces.
Thanks to all the voters in DG1, we look forward to moving TTI to DG2 in the upcoming weeks. In the meantime, we wanted to share a few minor updates:
We’re currently working on an update to the Token Terminal website. In the new version, we’ll include a separate dashboard that includes all products launched by the Coop. We want to support the Coop in the adoption of all its indexes, and illustrate the complementary value of a diverse product offering.
We’ve also recruited more developers to our team to make sure that enough resources are dedicated to the dashboard and the TTI (subject to it being launched).
I would say they are somehow competing for the same audience and might eat some market share of DPI which is the product of IndexCoop. However, I believe, pros of offering TT index outweigh these cons, imo.
A question though, will TT offer this product to other index protocols, such as PieDAO, Index Finance, etc?