Overview
Keeping up with the progress in a DAO can be hard work! Our newsletter aims to share what we’ve been up to week by week in the Coop, highlighting progress across products, governance and the Index community as a whole.
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Weekly Summary
Newsletter now in podcast format
CEX appeal
Set Protocol V2 Launch
Coinshares Gold Index?
Assets under vault: $85.34m (+47.67%)
Across 1 product: $DPI: $320.54 (+41.3%)
Index token: $24.18 (+152%)
Figures correct as of 31st Jan, (7 day change shown in brackets)
Newsletter now in podcast format!
The newsletter will now be covered each week in the View from the Nest Podcast, also available on Spotify. AG and I run through the highlights from the Index Coop before turning to discuss major events elsewhere in crypto. We hope to keep it short and informative, with many special guests in the weeks to come. Watch this space…
CEX appeal
As the number of $DPI holders this week crossed over 6000, Regan took to the forum with a formal request for funds to help getting the token listed on centralised exchanges.
We’ve only scratched the surface of the total addressable market at this point, with DPI requiring at least a basic knowledge of web3 wallets and decentralised exchange mechanisms before you can become a holder. Where DPI is accessible we’ve seen massive traction, for example DPI/ETH on Loopring currently has $2.4m in the pool. At Uniswap that figure is over $54m. Getting our first exchange listing won’t be easy, it’s going to take time, patience and a lot of effort, but success means bringing the top DeFi tokens in a simple format to a much wider audience.
Set Protocol V2 Launch
On January 25th Set made their Asset Management Suite public facing, empowering anyone to create a structured product and become a portfolio manager. Yes, even a digital beverage…
This is going to be extremely interesting for the Index Coop as now individual portfolio managers can build out a methodology, demonstrate a track record and approach the Coop to partner up. Launching an index is easy, getting DEX liquidity, CEX listings, DeFi integrations and marketing are all difficult. That’s where the Index Coop community has a substantial moat, backed by the firepower in our treasury we can make things happen in partnership with the best and brightest thematic index products.
Coinshares Gold Index?
Seems Coinshares took the comments about CGCI-LV to heart, as Michael reached out to the community for suggestions on a shorter, snappier title. Front runners at the moment are the Coinshares Gold Index - $CGI, or Coinshares Sound Money Index - $CSI. Either way having such a unique new product almost ready to launch is giving rise to a whole new group of memes!
One last little nugget for all of you who read the full newsletter, be on the lookout this week for an announcement that could take INDEX to a whole new universe…
We always welcome new members to the community, if you like what you see come and join the discussion in our social channels. @darkforestcap