Welcome to the sCoop Weekly where you’ll get a rundown of the week that was and where the Owls are flying next. Be sure to follow daily and weekly Index Cooperative contributor news on Twitter: @IndexCoopDAO
What is Metagovernance? DeFi’s Sleeping Giant
In this video @mel.eth, our Governance Lead, explains one of the most unique and misunderstood qualities of the INDEX token: Metagovernance.
Learn how FEI used a $4 million purchase of the INDEX governance token to lever into a $36 million dollar vote on AAVE.
Now on Polygon - 2x and Inverse BTC Flexible Leverage Indices
With so much attention on Argent last week, don’t forget that we launched two new Polygon-native Flexible Leverage Indices (FLI) - BTC2x-FLI-P and iBTC-FLI-P
Just like the other FLI tokens, BTC2x and Inverse BTC are structured products in ERC-20 format that enable traders to automate leveraged exposure in a completely decentralized manner. BTC2x targets a long 2x exposure to BTC and Inverse BTC targets a short -1x exposure to BTC, and both employ a flexible leverage ratio for optimal rebalancing outcomes. Read More
What’s new and in which direction is Index Coop heading over the upcoming week.
Nominations Are In For V2 Index Council Election
Nominations are in for the contributors wanting to serve for Season 1 on Index Council (01 April 2022 to 31 August 2022).
The nominees are:
| Nominee | Nest | Term End | Nomination Post |
|---|---|---|---|
| @MrMadila | Product | 31 August 2022 | nomination post |
| @anthonyb.eth | Product | 31 August 2022 | nomination post |
| @afromac | Product | 31 August 2022 | nomination post |
| @catjam | Product | 31 August 2022 | nomination post |
| @LemonadeAlpha | Growth | 31 May 2022 | nomination post |
| @lee0007 | Growth | 31 August 2022 | nomination post |
| @pujimak_in | Community | 31 August 2022 | nomination post |
| @Metfanmike | Growth | 31 May 2022 | nomination post |
| @Matthew_Graham | Finance | 31 May 2022 | nomination post |
| @edwardk | Product | 31 August 2022 | nomination post |
| @BigSky7 | Growth | 31 August 2022 | nomination post |
| @DocHabanero | Product | 31 August 2022 | nomination post |
| @0x_Dev | Growth | 31 August 2022 | nomination post |
| @StepvhenH | Community | 31 August 2022 | nomination post |
The Index Council Election voting period will last from 28 March 2022 14:00 UTC until 31 March 2022 14:00 UTC. Your rank choice voting ballots will be sent out via email shortly.
A Deep Dive Into Product Strategy
At this week’s Leadership Forum, @DocHabanero walked the community through how the Product Nest thinks about product strategy and how they prioritize the pipeline.
This shift in tactics is being guided by developing products that the market is telling us that they want and that are profitable in the short term & long term. Index Coop is becoming domain area experts about what’s possible to build given today’s liquidity constraints, market forces, and engineering capabilities.
Check out the slides for more details
There’s no shortage of industry and educational events in DeFi and crypto. Along with taking part in events worldwide, Index Coop hosts a number of events to help people learn about crypto index products.
Crypto Events/Webinars
Institutional DeFi 101 with BitGo - Webinar Sign-up
March 29th at 12PM EDT
@Metfanmike & Nuri Chang/Thomas Chen from BitGo
Permissionless - Growth Game Plan
May 16th-19th, Palm Beach, FL
Contact @MrMadila for questions, additional details
Index Events/Media Appearances
How zkSync unlocks mainstream crypto adoption with Argent & zkSync
DeFridays $GMI - Frax Finance with Sam Kazemian & @TheYoungCrews @bgiove @Crypto_Texan
Conversations with the Coop - @Crypto_Texan & Mason Nystrom from Messari
Index Council Agenda Queue @JosephKnecht
For Season 1, this section will be a place to surface specific talents needs and contributor opportunities for Nests & Pods. Contact @coolhorsegirl or @kindeagle to create a listing.
Talent Needs Reach out to @bradwmorris with Community Nest for helping fill gaps in your Pod/Nest
Impression Mining - Learn more about how your product-related Social, Blog, and Video posts can earn you $INDEX rewards. Learn more about the program
Something to share with your non-crypto family and friends to assure them you’re not working in MLM or part of a Ponzi scheme.
What is web3? - Odyssey DAO
Hoot!