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
Addressing market volatility
Over the last week, there has been a significant divergence between the prices of $stETH and $ETH. Index Coop and Lido have been working in concert to ensure the health of icETH and stETH while managing long-tail risks. @kindeagle wrote Index Coop’s official response; key takeaway: $FLI & $icETH continue to automatically rebalance in the face of extremely volatile market conditions.
April 2022 Financial Report
@ElliottWatts and F.Nest have published our the April 2022 Financial Report. April marked the start of Q2 for the Index Coop; we have a new focus on yield bearing products and have released our first iteration of this in icETH.
icETH has seen strong market fit for its first month post release and at the end of April had $18.8m in AUM. We differentiate from other interest bearing ETH products, we offer the most competitive interest rate in the market, this has resonated with a number of DAOs who are hoping to diversify their treasury into our products.
What’s new and in which direction is Index Coop heading over the upcoming week.
Owl Solidarity <3
On Wednesday’s Leadership Forum, we went through results of February’s Owl Pulse Survey. We came out with a few things to celebrate and a few opportunities for improvement. Key areas of growth are in practical commitment to our vision, diversity of Contributors, and ensuring our DAO acts like a DAO.
Based survey results, contributors want three things from their experience: to believe, to belong, and to matter. HC&C Pod has a revised remit for the remainder of Season 1 to make these things happen.
Growth in Growth Nest
Growth Nest Lead @DevOnDeFi published G.Nest’s (Semi) Mid-Season Review. Highlights include spend ~23% under budget, demonstrated commitment to new product strategy, and new G.Nest full time hires: @Pepperoni_Joe, @funkmasterflex, @kindeagle, and @TheYoungCrews.
G.Nest is focused on two goals: (1) Increasing the availability and accessibility of our products and (2)
Generating global awareness and understanding of our products and brand. Look forward to the release of a Growth Strategy plan in the next couple of weeks.
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.
Index Events/Media Appearances
How We DAO Product Edition with @chasechapman @coolhorsegirl @JosephKnecht
On The Other Side - Get rolling with Roles w/ @RodneyEvans and @AaronDignan @chasechapman
The Reading Ape (Podcasts to Notes) - JPG & Collectooors Summary
Bounties for Devs and Growth - Check out Layer3
Impression Mining - Help spread awareness of Index Coop with product-related Social, Blog, and Video posts that 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.
“Bandwidth.” “Circle back.” “Deep dive.” Learn why corporations speak the way they do. Can we agree to leave these in web2?
Have a week!