Index Coop is a decentralized "index fund" builder that lets anyone create, manage and trade baskets of crypto assets.
The Index Cooperative (Index Coop) is a global community focused on launching and maintaining crypto index vehicles. The Index Coop's first product is the DeFi Pulse Index (DPI). DPI is a capitalization-weighted index that tracks the performance of top assets in DeFi that have significant usage and have shown a commitment to ongoing development. The index is weighted based on the value of each token's circulating supply. Other index products include the Metaverse Index (MVI), Data Economy Index (DATA), Bankless BED Index (BED), Bankless DeFi Innovation Index (GMI), JPG NFT Index (JPG), Intereste Compounding ETH (icETH), Market Neutral Yield Tokens (MNY), and Flexible Leverage Indices (FLI). Index Coop products all use Set Protocol's infrastructure to automatically rebalance the portfolio of assets in line with their defined methodologies on a monthly basis.
Index Coop charges an annualized streaming fee on the total market cap of an index set that accrues continuously. Streaming fees vary between 0.25% to 5.95% depending on the product. Index Coop does not charge any performance fees on any of its products, including yield-generating products like icETH. For low liquidity products like FLIs and JPG, Index Coop charges a mint/redeem fee of 0.1% and 0.5%, respectively.
You can invest into Index Coop products to get exposure to certain asset classes and generate yield from price appreciation. These assets are also composable across DeFi and can be paired with other assets to generated trading fees. You can also lend these assets to others to earn borrower's interest.