Index Coop Reports 14% TVL Drop in December 2024
Index Coop Reports 14% TVL Drop in December 2024
馃 TVL Takes a Winter Nap
Index Coop's December performance shows mixed results:
- TVL declined 14% to $83.3m with -$4.7m net dollar flow
- Monthly revenue of $192k vs costs of $225k
- 103 months runway remaining
Key Developments:
- Launched ETH/BTC leveraged ratio products
- Migrated hyETH to MorphoLabs vault for improved gas efficiency
- UI/UX updates to Leverage Suite completed
January 2025 Priorities:
- BTC2x & BTC3x tokens launch on Base
- Expand icUSD integrations
- Launch Leverage Suite marketing campaign
Index Coop December 2024 Update 馃 This monthly report covers the latest Coop news, roadmap, and key successes and challenges 馃搳 Financial Snapshot 路 TVL: $83.3m, 猬囷笍 14% MoM 路 Monthly net dollar flow: -$4.7m 路 Monthly Revenue/Costs: $192k/$225k 路 Runway: 103 months 馃摪 News 路
XRP Leveraged Trading Launches on Base with 2x and 3x Options
Index Coop has launched leveraged XRP trading on Base network through Universal's uAssets system. The new products - XRP2x and XRP3x - offer 2x and 3x leverage backed by Morpho Labs lending markets. Key features: - Fully backed and wrapped XRP tokens - Integration with Base network - Joins existing leveraged assets uSOL and uSUI - Trade of the Month competition with cash prizes This launch follows XRP's strong performance in late 2024, when it achieved a 6-year high with 72% weekly gains and became the third-largest cryptocurrency by market cap at $137B. Learn more at [indexcoop.com/xrp](http://indexcoop.com/xrp)
Index Coop Leverage Suite Now Available on MetaMask
Index Coop has achieved significant expansion through integration with MetaMask, the leading cryptocurrency wallet. This development follows their recent partnership with Coin98 wallet. Key updates: - Integration brings Index Coop products to **millions of MetaMask users** - Users can now trade leveraged tokens directly through MetaMask - Features trading without liquidation risks - Implements ERC-20 leverage tokens for simplified trading This integration represents a major step in making DeFi trading more accessible to mainstream users. [Learn more about the integration](https://metamask.io/news/metamask-index-coop-defi-trading-simplified)
Index Coop Launches Leverage Suite on Base
Index Coop has expanded its Leverage Suite to the Base network, offering ETH2x and ETH3x products powered by Aave V3. This launch allows users to amplify their ETH exposure on the Base blockchain. Key points: - ETH2x and ETH3x products now available on Base - Powered by Aave V3 infrastructure - Enables increased ETH exposure for users This development follows the recent rebranding of Index Coop's leveraged tokens. The ETH2x-FLI and BTC2x-FLI tokens are now simply called ETH2x and BTC2x, built on modern Index Protocol and Aave v3 infrastructure. The expansion to Base network represents Index Coop's commitment to providing innovative DeFi products across multiple blockchains, enhancing accessibility for users seeking leveraged exposure to major cryptocurrencies.