Intro and Background
Index Coop DAO builds on-chain structured products and its mission is to make it easy for people to access crypto. Index Coop powers leverage and yield tokens, which can be found in the Index Coop app and in CEXs, dApps and wallets.
Focus in July
The focus in July revolved around three priorities, each aimed at tightening our core systems and unlocking the next growth levers:
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Improve core performance & data hygiene
July was a cleanup and performance sprint. Upgrades to the data API and trade database cut query times and reduced errors.
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Simplify the portfolio
We shipped improvements for icETH and DPI redemptions, ensuring frictionless migrations ahead of hibernation / deprecation.
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Creating the next Smart Loops
We continue to explore options for new Smart Loops, but Liquidity remains the gating constraint. We are engaged in partner conversations and ideating on solutions.
Thank you for reading
July Close
- TVL: $63.4m*, +$19.9m MoM
- Monthly net dollar flow (MN$F): -$1.5m
- Runway: 31 months, +9 MoM
- Single-counted TVL, not double, triple, or otherwise counted.
News From July
- INDEX Burn: i) The second 1% (100k) INDEX burn executed following the recent forum proposal and IIP.
- Product focus (via @0xdunerider): i) July was a cleanup and performance sprint with improvements to the data API and trade database; ii) shipped several enhancements for product hibernation / deprecations (icETH, DPI) to ensure smooth redemption or migration; and iii) continued evaluating new Smart Loops but are constrained by market liquidity. Work is underway with partners to unlock or design solutions.
- Growth focus (via @0xDev*):* i) Analysed the new yield-focused MetaMask campaign, which posted higher CTR and top-of-funnel engagement versus the leverage campaign but again low wallet value; we are ideating differentiated creatives for the remainder of the partnership; ii) promoted the June Trade of the Month competition, which continues to gain traction and direct trader feedback; iii) launched and promoted leveraged XRP tokens with Universal on Base; iv) opened BD discussions with Summer.fi about migrating their leverage-product TVL to Index; and v) managed DPI product issues and client comms following the MKR→SKY event.
Focus For August
- Launch a differentiated MetaMask campaign
- Advance Smart Loop market liquidity research
- Progress the Summer.fi TVL migration
- Collect more feedback and info on INDEX burns and impact