Voting is underway for 24 hours in the #memes channel in the @indexcoop community discord server
The winner will take home $1000 in 🧊eth & the worst boomer meme will take home a truckload of $boomer coin (thanks @0xZakk & @JonathanHillis for the 🪂)
1/ Everyone is looking for yield on $ETH, especially DAO Treasuries
$icETH is the long term position treasuries have been looking for to gain exposure to consistently high ETH yields safely in one token
How DAO treasuries can benefit from icETH 🧵 ⬇️
2/ Stockpiles of ETH sit idle within DAOs
$icETH, built on @LidoFinance and @AaveAave legos, automates and simplifies a sophisticated leveraged staking strategy by abstracting away active management of ETH yield positions to produce APYs up to 3x $stETH
2/ On December 7th at 12PM PDT, the new $INDEX liquidity mining program will begin and run for a total of 30 days (until 12PM PDT, January 7th 2021).
This new program will have a target APY rate of 30% and a target DPI/ETH Uniswap pool size of $30m ($15m ETH and $15m DPI).
3/ If you are participating in the current $INDEX liquidity mining program you will need to migrate your DPI/ETH Uniswap LP tokens in order to participate in this new program.
A migration tool has been created and will be live on December 7th on the Index Coop website.
2/ Starting today, Index Coop top contributors (called Gold & Silver Owls) may allocate some quantity of $INDEX - defined at the beginning of each month - for bounties.
3/ Bounties are paid at the end of each month in the standard monthly distribution document. All paid bounties will be listed and available for public audit.