(1/15) $INDEX π₯
Most of you just know crypto is going to become huge, but it is difficult to pick winners.
One of the best ways to overcome that is by investing in an index. But how?
An overview of the fundamentals, tokenomics and future of @indexcoop
πππ
Most of you just know crypto is going to become huge, but it is difficult to pick winners.
One of the best ways to overcome that is by investing in an index. But how?
An overview of the fundamentals, tokenomics and future of @indexcoop
πππ
(2/15) Introduction $INDEX π«
Before we kick-off, what is an index?
A basket of assets with a strategy on weightings of those assets and a system of rebalancing periodically.
Example: a DeFi index allocating 5% to the top 20 DeFi protocols, re-balanced daily.
Before we kick-off, what is an index?
A basket of assets with a strategy on weightings of those assets and a system of rebalancing periodically.
Example: a DeFi index allocating 5% to the top 20 DeFi protocols, re-balanced daily.
(3/15) Vision $INDEX π‘
@indexcoop aims to make crypto investing simple, accessible and safe by offering index funds.
The index funds are weighted based upon market cap and some also include liquidity.
@indexcoop aims to make crypto investing simple, accessible and safe by offering index funds.
The index funds are weighted based upon market cap and some also include liquidity.
(3/15) Vision $INDEX π‘ (continued)
@indexcoop is build upon the trinity:
- Organisation, a DAO contributing to the development of $INDEX.
- Methodologists, internal or external managers of index funds.
- Platform, smart contract based execution of index funds strategies.
@indexcoop is build upon the trinity:
- Organisation, a DAO contributing to the development of $INDEX.
- Methodologists, internal or external managers of index funds.
- Platform, smart contract based execution of index funds strategies.
(4/15) Product $INDEX π²
@indexcoop offers a variety of index products, all included assets must have significant usage. Overview of indexes offered:
$FLI is either $BTC 2x or $ETH 2x leveraged.
@indexcoop offers a variety of index products, all included assets must have significant usage. Overview of indexes offered:
$FLI is either $BTC 2x or $ETH 2x leveraged.
(4/15) Product $INDEX π² (continued)
$DPI DeFi Pulse Index tracking 17 Ethereum DeFi protocols including: $UNI $LRC $AAVE $MKR $YFI $COMP $SUSHI $SNX $REN $RGT $BAL $BADGER $KNC $FARM $INST $VSP $MTA with a market cap of 90 million.
$DPI DeFi Pulse Index tracking 17 Ethereum DeFi protocols including: $UNI $LRC $AAVE $MKR $YFI $COMP $SUSHI $SNX $REN $RGT $BAL $BADGER $KNC $FARM $INST $VSP $MTA with a market cap of 90 million.
(4/15) Product $INDEX π² (continued)
$MVI Metaverse Index tracking 16 Ethereum Metaverse protocols including: $ILV $AXS $SAND $MANA $ENJ $RLY $WAXE $AUDIO $YGG $DG $WHALE $TVK $ERN $RARI $NFX $REVV with a market cap of $28 million
$MVI Metaverse Index tracking 16 Ethereum Metaverse protocols including: $ILV $AXS $SAND $MANA $ENJ $RLY $WAXE $AUDIO $YGG $DG $WHALE $TVK $ERN $RARI $NFX $REVV with a market cap of $28 million
(4/15) Product $INDEX π² (continued)
$BED Bankless BED Index, a collection of cryptoβs most investable assets including $BTC $ETH and $DPI with a market cap of $3 million.
$BED Bankless BED Index, a collection of cryptoβs most investable assets including $BTC $ETH and $DPI with a market cap of $3 million.
(4/15) Product $INDEX π² (continued)
$DATA Data Economy Index, a collection of 8 protocols that revolutionise the way you own data. $FIL $LINK $GRT $BAT $LPT $ENS $NMR $OCEAN
$DATA Data Economy Index, a collection of 8 protocols that revolutionise the way you own data. $FIL $LINK $GRT $BAT $LPT $ENS $NMR $OCEAN
(4/15) Product $INDEX π² (continued)
$BED Bankless BED Index, a collection of cryptoβs most investable assets including $BTC $ETH and $DPI with a market cap of $3 million.
$BED Bankless BED Index, a collection of cryptoβs most investable assets including $BTC $ETH and $DPI with a market cap of $3 million.
(5/15) Metrics $INDEX π
β Chain @ethereum
π Token Price $10.70
π Fully Diluted Market cap $105 million
π΅ TVL $200 million
π΅ Protocol Earnings $1.9 million
β Chain @ethereum
π Token Price $10.70
π Fully Diluted Market cap $105 million
π΅ TVL $200 million
π΅ Protocol Earnings $1.9 million
(6/15) Team $INDEX ποΈ
@verto0912 , @thomas_hepner, @BenGiove and @AlphaLemonade are methodologists @indexcoop.
@puniaviision and @cavalier_eth are responsible for product.
@theyoungcrews , @emijcy and @Pepperoni_Jo3 are DAOchitects.
@verto0912 , @thomas_hepner, @BenGiove and @AlphaLemonade are methodologists @indexcoop.
@puniaviision and @cavalier_eth are responsible for product.
@theyoungcrews , @emijcy and @Pepperoni_Jo3 are DAOchitects.
(6/15) Team $INDEX ποΈ (continued)
@NoahCitron, @edwardjkim, @nicrpayne and @0xModene are part of engineering.
@koheingt, @MisterMadila, @gregdocter @PeterVecch and @DevOnDeFi1 are responsible for growth and marketing.
@NoahCitron, @edwardjkim, @nicrpayne and @0xModene are part of engineering.
@koheingt, @MisterMadila, @gregdocter @PeterVecch and @DevOnDeFi1 are responsible for growth and marketing.
(6/15) Team $INDEX ποΈ (continued)
@MikeTaormina is head of institutional business & growth with @fallow8DeFi in his team.
@MikeTaormina is head of institutional business & growth with @fallow8DeFi in his team.
(7/15) Tokenomics $INDEX π΅
Currently the $INDEX token is only used for governance.
In the future the token will earn revenues derived from fees, those are paid by index holders. Another income stream is assets within the index being staked or used to farm for additional yield.
Currently the $INDEX token is only used for governance.
In the future the token will earn revenues derived from fees, those are paid by index holders. Another income stream is assets within the index being staked or used to farm for additional yield.
(8/15) Competition $INDEX βοΈ
In the short-term it will come from TradFi.
Institutional money either goes for $BTC and $ETH or an index. Those will be offered by companies like Blackrock and MSCI.
But algorithmic index funds are the future, they will be cheaper and better.
In the short-term it will come from TradFi.
Institutional money either goes for $BTC and $ETH or an index. Those will be offered by companies like Blackrock and MSCI.
But algorithmic index funds are the future, they will be cheaper and better.
(8/15) Competition $INDEX βοΈ (continued)
Some other crypto protocols going after this opportunity:
@ndxfi $NDX with $7 million AUM. They have highly sophisticated models for balancing indexes.
@PieDAO_DeFi $DOUGH has roughly $7 AUM as well. They have a great brand.
Some other crypto protocols going after this opportunity:
@ndxfi $NDX with $7 million AUM. They have highly sophisticated models for balancing indexes.
@PieDAO_DeFi $DOUGH has roughly $7 AUM as well. They have a great brand.
(9/15) Partners $INDEX π
Notable investors into @indexcoop include: @1confirmation @GalaxyDigitalHQ @1kxnetwork @DeFianceCapital @wintermute_t
Companies like @BitGo are also partnering with $INDEX to offer these index funds to customers in an easy accessible way.
Notable investors into @indexcoop include: @1confirmation @GalaxyDigitalHQ @1kxnetwork @DeFianceCapital @wintermute_t
Companies like @BitGo are also partnering with $INDEX to offer these index funds to customers in an easy accessible way.
(10/15) Roadmap $INDEX π£
The objectives for this year are to continue growing the protocol, recruiting methodologists and to continue launching new index funds.
The objectives for this year are to continue growing the protocol, recruiting methodologists and to continue launching new index funds.
(11/15) Community $INDEX π©βπ»π§πΎβπ»
@IndexCoop_Meme is a meme account.
@indexcoopES is the Spanish, @IndexcoopJP the Japanese, @indexcoopDE the German, @indexcoopPT the Portuguese, @indexcoopcn the Chinese, @Indexcoopind the Indian and @indexcoopID the Indonesian community.
@IndexCoop_Meme is a meme account.
@indexcoopES is the Spanish, @IndexcoopJP the Japanese, @indexcoopDE the German, @indexcoopPT the Portuguese, @indexcoopcn the Chinese, @Indexcoopind the Indian and @indexcoopID the Indonesian community.
(11/15) Community $INDEX π©βπ»π§πΎβπ» (continued)
There are also many vibrant community members sharing valuable insights including:
@BigSky_7
@AnalyserOver
@Matthew_Graham_
@Crypto_Texan
@chaserchapman
@felix2feng
@davidesilverman
@AlanaPodrx
@The_Shark_7
@ShugoTsuji_jp
@patb
There are also many vibrant community members sharing valuable insights including:
@BigSky_7
@AnalyserOver
@Matthew_Graham_
@Crypto_Texan
@chaserchapman
@felix2feng
@davidesilverman
@AlanaPodrx
@The_Shark_7
@ShugoTsuji_jp
@patb
(11/15) Community $INDEX π©βπ»π§πΎβπ» (continued)
More vibrant community members sharing valuable insights include:
@lee0007
@alexdphan
@CryptoNova311
@codemathics
@bradwmorris
@juannabananas
@thekindeagle
@HOWweDAO
@fmy1220
@0xshugo
More vibrant community members sharing valuable insights include:
@lee0007
@alexdphan
@CryptoNova311
@codemathics
@bradwmorris
@juannabananas
@thekindeagle
@HOWweDAO
@fmy1220
@0xshugo
(12/15) Competitive Advantage $INDEX π°
Ultimately index funds are build on network effects. There will be a ton of competition in this space, as traditional asset management firms are getting into crypto as well.
@indexcoop has the first movers advantage and ...
Ultimately index funds are build on network effects. There will be a ton of competition in this space, as traditional asset management firms are getting into crypto as well.
@indexcoop has the first movers advantage and ...
(12/15) Competitive Advantage $INDEX π° (continued)
a strong community behind it. There is little crypto native competition now and they are by far the largest.
Ultimately there will be front-end applications offering back-end index funds built on protocols like @indexcoop .
a strong community behind it. There is little crypto native competition now and they are by far the largest.
Ultimately there will be front-end applications offering back-end index funds built on protocols like @indexcoop .
(13/15) Valuation $INDEX βοΈ
Assuming the token holders receive earnings and staking/farming rewards in the future:
- Earnings are 1.9 million.
- Assuming a 10% yield on assets inside the index, 200 * 0.1 = 20.
In total: 105 / (20 + 1.9) = a PE of 4.8. Very cheap.
Assuming the token holders receive earnings and staking/farming rewards in the future:
- Earnings are 1.9 million.
- Assuming a 10% yield on assets inside the index, 200 * 0.1 = 20.
In total: 105 / (20 + 1.9) = a PE of 4.8. Very cheap.
(14/15) Conclusion $INDEX πππ
The TVL has been trending down from almost $600 million in November to $200 million now. Most of this is due to the crypto markets crashing, some is selling.
The TVL has been trending down from almost $600 million in November to $200 million now. Most of this is due to the crypto markets crashing, some is selling.
(14/15) Conclusion $INDEX πππ
It is a challenge to identify a sustainable moat, but with a P/E of 4.8 the risk/reward is favorable.
Disclosure: I donβt have a position now, but will get one soon.
It is a challenge to identify a sustainable moat, but with a P/E of 4.8 the risk/reward is favorable.
Disclosure: I donβt have a position now, but will get one soon.
(15/15) Sources $INDEX π΅οΈ
@tokenterminal for prices and revenues/earnings statistics.
@coingecko for the token price and market cap.
The various channels of @indexcoop.
@tokenterminal for prices and revenues/earnings statistics.
@coingecko for the token price and market cap.
The various channels of @indexcoop.
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