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
Token Terminal Index + New Product Addition Process
Creative Challenge
Growth sessions kick off
DPI becomes de-facto DeFi token?
Layer 2 liquidity mining
Assets under vault: $21.63m (-23.2%)
Across 1 product: $DPI: $100.85 (-7.4%)
Index token: $5.26 (+24.6%)
Figures correct as of 13th Dec, (7 day change shown in brackets)
Token Terminal Index + New Product Addition Process
Token Terminal took to the forums this week with a new index proposal. They advocate for a price to sales based methodology also known as ‘smart beta’. This type of approach is seen in traditional finance as benefitting from the advantages of both active and passive strategies, but hasn’t yet been applied to crypto. You can check out their backtest data on this page dedicated to tracking the TTI and this twitter thread that nicely sums up the p/s approach and why it works in the nascent crypto space.
As always, a number of Coop members chimed in with their thoughts and Token Terminal responded in the comments section. The TTI arrives just in time to benefit from an updated product addition process. While still in draft stage this doc will help to clarify roles and expectations for both index methodologists and Index Coop members going forward.
Creative Challenge
If you’re a meme master, wise writer, viral videographer or top twitterer then look out for the launch of our creative challenge on Monday December 14th. We’re giving away Index tokens to the best content submitted over a 3 week period, all you have to do is follow @indexcoop on Twitter and submit your entry with the hashtag #indexchallenge. We are looking for videos, art, graphic design, infographics, articles, music, thoughtful tweets, memes, and more. Check this post for full details.
Growth sessions kick off
After a number of energetic debates in the forum last week, the community kicked off a dedicated weekly session to focus on growing the adoption of our products, aligning the tokenomics across stakeholders (not stakers, yet…) and generally making sure we’re ready to grow to the kind of AUV figures that make Larry Fink sweat.
If this sounds like something you’d like to get involved with then keep an eye out in the Discord for next week’s call, planned for Thursday.
DPI becomes de-facto DeFi token?
Top crypto research firm Messari have published their 121-page theses for crypto in 2021. You don’t need to read it to get the most important bits and pieces though, it all comes down to this:
To reiterate, not investment advice.
This is the bedrock (hehe) of @AlphaLemonade’s BED portfolio which can help you have a restful holiday period after an unrelenting DeFi summer and subsequent 1 month defi bear market.
Layer 2 liquidity Mining
Not satisfied with just doing cool s**t on the Ethereum main chain, fellow owl @eroyole returned this week to suggest Index Coop starts a liquidity mining program on Loopring exchange. Loopring use zkRollup technology as a layer 2 solution to scale Ethereum which means high speed, low gas.
As part of their recent v2 launch they are looking to attract liquidity to the platform and the suggestion is to create a ETH/DPI pair that will share both $INDEX and $LRC tokens as reward. To see more details and share your thoughts, jump into the forum.
We always welcome new members to the community, if you like what you see come and join the discussion in our social channels. @darkforestcap