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.
For more information and to get involved please visit our:
Discord | Twitter | Reddit | LinkedIn | Website | Medium
Weekly Summary
Looking back, and forward
Call for contributors
Vote on merch designs!
The FLIppening
Data Drop
Assets under vault: $161.16m (-12.5%)
Across 4 products:
$DPI: $417.07 (-17.2%) | $CGI: $116.02 (-26.3%) | $ETH2x-FLI: $132.72 (+0.5%)
$MVI: $71.97 (-26.8%)
Index token: $32.03 (-6.8%)
Figures correct as of 25th April (7 day change shown in brackets)
Looking back, and forward
With a Q1 snapshot review against our North Star metrics, followed by the vision for Q2, Greg Doctor was looking both ways on behalf of the Coop this week.
Stellar growth in Q1 is fantastic to see, the question now is how do we build on top of that and maintain performance. As we’ve seen we need more talented contributors to help deliver, and just recently there have been some market headwinds that make growing TVL difficult. That doesn’t stop us setting ambitious targets though:
$500M AUM
400,000+ DPI supply units
$9M FLI suite 7-day moving average volume for 2 consecutive weeks
4 new products launched with $200M+ combined TVL. They are category leaders in terms of the most relevant measure (i.e. uTVL, volume, liquidity)
I believe we are setting up as a community to be in the best position to achieve these goals, of course only time will tell.
Call for contributors
Punia’s post asking for product contributors was met with a strong response in the forum this week. Just another example of how the crypto space is woefully short of resources at the moment, and if you’re in the right place at the right time there are opportunities aplenty.
I sign off the end of every newsletter with the same message, we always welcome new members to the Coop and if you’re looking to contribute that’s even better. We have ambitious growth plans and seem to be launching as many new products as we have new joiners every week at the moment! The bias will always be to try and find contributors from within the community so if it’s the push you’ve been needing to step up, please do respond to Punia’s request and see if there is something you can help on.
Vote for merch designs!
The final designs are in and you can check them out here. Once you’ve decided on a favourite make sure to fill out the poll and cast your vote. MetaFactory have a reputation for producing extremely high quality products so I can’t wait for this to drop.
The FLIppening
We are seeing days where ETH2x FLI is generating more revenue than DPI. DeFi Pulse coming through with product market fit yet again. We haven’t even incentivised the pool and it’s at $25m!
Since last week BTC2x FLI passed Decision Gate 2 voting which means it’s now queued up ready for launch. Stay tuned for a potentially interesting collaboration on the LP pool for that one…
Data Drop
Resident data whizz JDCook dropped the thread above to summarise recent product action (and rightly show off the fantastic dashboard he built). Well worth checking out if you like data or bullish Index Coop news.
It relates back nicely to the Q2 vision mentioned above, as we hold ourselves accountable using the dashboard. Having the data visible and easily accessible is great for aligning as a community, but can be a double edged sword as it means anyone can see if growth starts to slow or we aren’t meeting our targets!
We always welcome new members to the community, if you like what you see come and join the discussion in our social channels. @darkforestcap