$Index Coop September 2024 Update 🦉

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

Financial Snapshot
· TVL: $64.8m, ⬆️ $5.5m MoM
· Monthly net dollar flow -$400k
· Monthly revenue/costs: $100k/$210k

News 📰
· Deployed icUSD token (renamed USDCY ) token in preparation for review from integration/distribution partners
· Shipped improvements to Leverage Interface, including new transaction history feature
· Completed audit for new protocol functionality around rebasing tokens, ERC-4626 vaults, and NAV issuance
· Setup public audit contest for new @MorphoLabs leverage integration 👀
· Onboarded a new senior full stack engineer

Focus For October 🎃
· Secure liquidity and market making for icUSD
· Finalize first major icUSD integration with CEX / wallet
· Co-market leverage & yield campaigns with @blockchain wallet

Read the full update on our forum 👇