$Index Coop August 2024 Update 🦉

This new monthly report covers the latest Coop news, roadmap, and significant successes and challenges

Financial Snapshot
· Monthly Net $ Flows +$511k
· TVL: $59m, -32% MoM*
· Monthly Revenue/Costs: $120k/$210k*
*TVL & revenue are heavily linked to the $ETH price - which was down ~22% in August

News
· Developed new protocol functionality around rebasing tokens, ERC-4626 vaults, and NAV issuance
· Deployed @Base leverage tokens on @Aave
· Added new data infrastructure and API to the app
· Development underway on a @MorphoLabs
leverage module 👀

Focus for August
· Leverage tokens campaign highlighting cost efficiencies vs. perps including paid content
· Continue readying USDCY for launch, while working on the presale & prelaunch integration partners with @chainlink & a major stablecoin partner 👀
· Execute co-marketing with @blockchain wallet re leverage & yield tokens

Read the full update on our forum ⬇️