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
This week’s newsletter will be a slightly different format as we have a podcast special focusing on MVI to release tomorrow (5th April). Instead of the usual highlights we have a rapid-fire format, with the most interesting stories summarised in short. Each one has the links you need to explore further.
Assets under vault: $163.83m (+37.9%)
Across 3 products:
$DPI: $446.43 (+12.8%)
$CGI: $115.95 (+7.6%)
$FLI: $123.19 (+40.3%)
Index token: $42.39 (0%)
Figures correct as of 4th April, (7 day change shown in brackets)
Rapid-fire round
Impression mining - where getting paid to tweet becomes a reality! Lemonade Alpha put forward this idea alongside a content workshop teaching attendees how to be successfully arrogant in the world of Crypto Twitter. That’s one to add to the CV.
Market Making Loan - After successfully bagging Kucoin as our second exchange listing, community member Regan is requesting the $DPI tokens required to provide liquidity for trading. The centralised exchange dominos are starting to fall!
DPI rebalance and refinement - DPI now contains both FARM and CREAM. Pulse inc. have also implemented a max cap of 25% on any single token, to help users maintain diversified exposure to the DeFi sector.
#metaverseindex logo challenge - entries rolled in right up to closing time on Saturday. Be sure to click the link and check out the creativity on display, the top 3 prize winners will be announced shortly after the newsletter goes live!
Synthetix Debt Pool Mirror Index - the community from Synthetix teamed up with our very own OverAnalyser to propose launching a product with Index Coop. The index is designed to help users with a debt position on Synthetix platform hedge their exposure to price upside. It’s niche but there is demand for it, the team are holding a community call on Tuesday at 9am PST. Be sure to jump in the Discord and request an invite if you’d like to hear more, head over to this thread to list any questions you have for the call.
dVIX - another innovative product proposal appeared this week, a decentralised volatility index. Something novel within the crypto space, it’s almost lost in the sheer number of posts going live on the forum. Be sure to check this one out though, because in a years time it’s certain to be just another primitive that DeFi degens are using day in, day out.
Launch is still planned for 7th April at 12pm PST, stay tuned!
And that’s it for this week. There is still far more going on in the forum (just search by top weekly) and the Discord and on Twitter and with podcasts, external coverage and mentions on Bankless, it feels like we need a newsletter to summarise the newsletter!
We always welcome new members to the community, if you like what you see come and join the discussion in our social channels. @darkforestcap