The Index Coop is an organization that exists only in the context of its partners.
Without Set Protocol, the Index Coop would have a protocol to manage. Without Index methodologists, the Index Coop would have nothing to manage.
Without DeFi Pulse and Set Labs, Index Coop would not exist. In order to justify the commitment of time from both our teams, we established a distribution that would benefit everyone.
The community was given the Lion’s Share of all rewards, with a generous liquidity mining program plus half of all the tokens for future distributions.
Set Labs was given nearly all of the Founding Cut.
and DeFi Pulse was given a very small slice of the Founding Cut and a good chance to earn a significant portion of the methodologist tokens, giving us significant skin in the game to maintain the DPI, a new, untested index, and license future indices thru the index coop.
These were the terms that everyone signed on, including new members.
We made our bet that the Index Coop would grow into a reliable partner.
We were excited for the launch, but were slightly alarmed that one of the first proposals, “DPIacc” was an index that used DeFi Pulse’s name, trademark and ideas with a stated intention to “cannibalize” the assets in the $DPI.
More recently, there has been discussion within the Index Coop from some members of reneging .
If partners do not trust the Index Coop to take a long term view on success, they will not want to work with the Index Coop. full stop.
Short-term thinking in a long term business destroys value. The index Coop has been on a winning streak because it has been led by leaders who can see the long term goals, and people that want to fight to grow the pie, rather than fight to take someone else’s slice.
Let’s work together.