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
Growth working group
Degen10
#indexchallenge almost complete
Index Insider - George Belafonte
Assets under vault: $25.84m (+12.9%)
Across 1 product: $DPI: $130 (+23.1%)
Index token: $5.18 (+3.6%)
Figures correct as of 3rd Jan, (7 day change shown in brackets)
Growth working group
Only 11 days after the idea was formalised, the discussions around funding, compensation and key performance measures have been compiled. A final spec for key details has been put forward by Punia on the governance forum, which includes a final vote for/against deploying the group. Perhaps most importantly the proposed committee will be headed by @Regan and @Lemonade, two of the most dynamic members of the Coop community.
The idea itself is fairly novel, and is a major step for Index Coop as a decentralised organisation to be able to move quickly and double down on initiatives that foster growth. 2021 is set to be a big year for crypto and the GWG will be well placed to help us capture the opportunity.
Somewhat related is the proposal to expand the Treasury Committee to include a member of the community. This is all part of a push to continue decentralising the Coop and allow community members to take greater responsibility. You can read more in Dylan’s post and if you’d like to nominate someone for the position don’t forget to mention it in the comments!
Degen10 index
If this lineup looks tasty to you, follow the thread (be careful of the Clown, he’ll lure you in) and you can vote for Index Coop as the platform to launch such an index. This is 2021, anything can happen…
#indexchallenge almost complete
The challenge comes to an end on the 4th January so don’t forget to submit your entries on Twitter, tagging @indexcoop and using #indexchallenge.
This week saw a woodworking entry which is possibly the most original response to the challenge so far!
You can see all the other entries by simply searching #indexchallenge on Twitter
Index insider - George Belefonte
Can you tell us a little about yourself? Hello. I have been trading BTC since June and started working with DCA bots since August. I have gradually divested my portfolio from BTC only to ETH, BNB and some other coins. (hopefully DPI!)
How did you hear about Index Coop? A video from Moonin Papa originally caught my attention to the Index Coop.
Are you working on anything within the Coop? I am not currently working on anything within the Coop as my knowledge on crypto is limited, but I find this project interesting and would be interested in taking more actions.
What’s your favourite thing about the community? Being in the community is very interesting as I have never participated in anything like that. It is fascinating to looks at the governance and the inner making of a crypto product.
How big do you think Index can grow? As to how big it can grow in the next few years, I honestly have no idea. But I have been following the news about DeFi and I believe that it's only getting started so far.
We always welcome new members to the community, if you like what you see come and join the discussion in our social channels. @darkforestcap