INDEX Protocol Completes Second Monthly Token Burn
INDEX Protocol Completes Second Monthly Token Burn
馃敟 Another One Bites The Dust
INDEX Protocol has executed its second scheduled monthly token burn, reducing the total supply by 1%. This burn is part of a planned series of three monthly reductions.
- 1% of INDEX tokens permanently removed from circulation
- Second of three scheduled monthly burns
- Aims to improve tokenomics and align with long-term holder interests
The burn transaction can be verified at Etherscan.
This systematic reduction demonstrates INDEX's commitment to controlled supply management and sustainable protocol growth.
Another 1% of INDEX, gone 馃敟 The 2nd monthly burn is complete A permanent supply reduction aligned with long-term protocol growth
The burn continues 馃敟 鉃★笍 Tomorrow we burn another 1% of the INDEX token supply, the second of 3 scheduled monthly burns Another step towards tighter tokenomics and long-term holder alignment
Leverage Token Users Experience Zero Liquidations Since 2021 Launch
In a remarkable display of DeFi stability, users of AAVE-powered Leverage Tokens have maintained a perfect record of zero liquidations since the platform's launch in 2021. This achievement stands in stark contrast to traditional leveraged trading platforms, where a single day in December 2024 saw $600M in long position liquidations. Key points: - Zero liquidations across 4+ years of operation - Platform powered by AAVE protocol - Demonstrates enhanced stability vs traditional leverage trading - Consistent performance through multiple market cycles This track record highlights the potential benefits of well-designed DeFi protocols for leveraged exposure.
Index Coop Announces July Trade of the Month Winners
Index Coop's July Trade of the Month competition saw impressive results with two standout winners: - Runner-Up mtreasure.eth secured $38,764 profit using uSOL2x on Base, earning $200 USDC and silver trophy - Top Sharpshooter achieved 127.1% gains with ETH3x on Base, winning $200 USDC and Sharpshooter trophy **August Competition Now Open** - Trade minimum $1K using Leverage Suite - Available on Base, Arbitrum, or Ethereum - Both top and bottom performers eligible for prizes - $1K total monthly prize pool [Enter the competition](https://app.indexcoop.com/trade)
First Solana Trader Set to Win Trade of the Month Competition
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