Hey Shawn, thanks for the excellent questions. I am happy to provide some clarity here.
The pod was originally set up as a cross functional unit. Currently we have members from product, growth, analytics, bd and liaise regularly with engineering.
In the case of growth, @TheYoungCrews manages growth functions for FLI launches and is participant in all meetings and conversations focused on launches and roadmapping. Your question about design is an excellent one. I think there is a strong impetus in IC at the moment to increase the functionality of the website and @alerex is leading that initiative. You can expect the UI and UX experience for FLI to evolve over time and the website to play a more important role there.
With regards to “how to” documents, we create all of those ourselves. @allan.g and my own medium accounts give a pretty good sample:
https://allan-gulley.medium.com/
https://cormacdaly.medium.com/
Allan also created the current FLI gitbook which is a really detailed asset: https://docs.indexcoop.com/our-products/flexible-leverage-indices
We, and other members of the team, will continue to support the products in this way.
The primary responsibilities of the pod to the F.Nest from a product perspective is to provide budgets for seed liquidity and deployment. This has already been provided up to March 2024 based on our best projections.
Here is a sample of the 2022 planning:
| FLI Products | |
|---|---|
| Seed Capital | |
| Total IC Seed Liquidity | $6,500,000 |
| IC Seed liquidty per product | $250,000 |
| Total Possible Products | 26 |
| Max Simultaneous Product Launches | 4 |
| Seed Liquidity Required for big launches | $1,000,000 |
| Buffer Liquidity in case of slow AUM growth | $500,000 |
| Max Liquidity Required for FLI schedule | $1,500,000 |
| Chains | |
| Polygon | |
| Optimism | |
| Arbitrum | |
| Avalanche | |
| Solana | |
| Assumptions: | |
| Launch FLI on all available chains | |
| Aave V3 will enable debt postions to be created on each chain | |
| FLI versions of ETH and BTC and native token (MATIC/SOL etc) | |
| Inverse FLI of each product |
| Chain | |||
|---|---|---|---|
| Polygon | Product | Status | Seed Liquidity |
| ETH | Launched | $250,000 | |
| iETH | Private Discussions | $250,000 | |
| BTC | Private Discussions | $250,000 | |
| iBTC | Private Discussions | $250,000 | |
| MATIC | Post DG2 | $250,000 | |
| iMATIC | Private Discussions | $250,000 | |
| Total Seed Liquidity | $1,500,000 | ||
| Optimism | Product | Status | Seed Liquidity |
| ETH | Private Discussions | $250,000 | |
| iETH | Private Discussions | $250,000 | |
| BTC | Private Discussions | $250,000 | |
| iBTC | Private Discussions | $250,000 | |
| Total Seed Liquidity | $1,000,000 | ||
| Arbitrum | Product | Status | Seed Liquidity |
| ETH | Private Discussions | $250,000 | |
| iETH | Private Discussions | $250,000 | |
| BTC | Private Discussions | $250,000 | |
| iBTC | Private Discussions | $250,000 | |
| Total Seed Liquidity | $1,000,000 | ||
| Avalanche | Product | Status | Seed Liquidity |
| ETH | Private Discussions | $250,000 | |
| iETH | Private Discussions | $250,000 | |
| BTC | Private Discussions | $250,000 | |
| iBTC | Private Discussions | $250,000 | |
| AVAX | Private Discussions | $250,000 | |
| iAVAX | Private Discussions | $250,000 | |
| Total Seed Liquidity | $1,500,000 | ||
| Solana | Product | Status | Seed Liquidity |
| ETH | Private Discussions | $250,000 | |
| iETH | Private Discussions | $250,000 | |
| BTC | Private Discussions | $250,000 | |
| iBTC | Private Discussions | $250,000 | |
| SOL | Private Discussions | $250,000 | |
| iSOL | Private Discussions | $250,000 | |
| Total Seed Liquidity | $1,500,000 |
Yes, that is a fair observation. We will have to be clear in signalling our intentions to launch via roadmapping and public communications. What would you consider fair notice? We could include a clause to create a forum post to signal our intentions to add an additional product on a chain for a fixed time before it is confirmed on the roadmap. We could also include a clause to allow a minimum window between forum post and launch.
@edwardk and @Static121 would you have any suggestions here for a minimum amount of notice for a new FLI product being launched?
Two points on this:
-
My thesis (still unproven) on these products is that they will always be far more successful not as standalone assets, but as an ecosystem. The goal here is not to launch as many as possible and hope something sticks, but to be strategic in what we launch and where in order to provide opportunities for traders to incorporate simplified leveraged trading into their personal strategies - regardless of their preferred sidechain.
-
That said, the repeatable nature of these products and the extremely low cost of launching on L2s and sidechains means that a failed product is not a disaster. Index Coop does not need to pick winners in terms of chains. We can quickly and easily scale our FLI line to be chain agnostic and let the market pick the long term winners. We will already be there with a dominant ecosystem. That is the long term advantage of launching aggressively where we see demand to do so now.