How to Acquire INDEX Tokens

The Index Coop is a decentralized autonomous organization (DAO) that exists to create and maintain crypto-native structured products built on DeFi asset management primitives (e.g. Set Protocol). As a DAO, Index Coop is governed by its community members. Collectively, we use the $INDEX token to propose and vote on new products, the allocation of the treasury, and the future direction of the DAO.

You can learn more about how $INDEX functions within the Index Coop community here. In the meantime, this post will give you a brief tour of the three different ways you can acquire $INDEX.

There are three main ways you can acquire $INDEX:

1. You can purchase $INDEX from an exchange
2. You can participate in liquidity mining programs
3. Or, you can contribute to the Index Coop

Purchase From an Exchange

If you already have an active Ethereum wallet and are familiar with buying and selling currencies on a decentralized exchange (DEX), then you can buy $INDEX that way, too. Uniswap or Sushiswap are a good place to start.

How to buy Index Coop products using a DEX:

1. First, you’ll need to connect your wallet to the exchange of your choice.
2. Then you can trade whatever currencies you have in your wallet directly for $INDEX.

One last note to keep in mind, you can also buy Index Coop products directly from the Index Coop or TokenSets, which route through Uniswap.

The Index Coop is working on getting $INDEX listed on more centralized exchanges, but for right now you can purchase $INDEX from hoo.com, hotbit.io, and bilaxy.com.

Participate in Liquidity Mining Programs

When you provide liquidity to a DEX and stake the LP tokens on a protocol for additional incentives, you are engaging in liquidity mining.

Index Coop is currently running two liquidity mining programs. The DPI/ETH and MVI/ETH pairs are generating a variable yield of 12% and 25% respectively paid out in $INDEX tokens. Keep in mind that this yield is volatile as it is subject to price fluctuations and impermanent loss, and it can also be modified in the future via governance. Once you LP the pairs on Uniswap, bring the LP tokens here to stake them for those extra $INDEX rewards.

There will likely be additional liquidity mining programs implemented in the future as Index Coop continues to develop and bring to market new products.

Contribute to the DAO

One of the most exciting ways to earn $INDEX tokens is to contribute to Index Coop itself. There are two primary programs for contributing to the DAO:

1. Treasury Rewards for Meaningful Contributions
2. Creating or Contributing to Working Groups

As outlined in the Rewards Distribution and Methodology forum post, meaningful contributions can include, but are not limited to:

1. Creating valuable content (e.g. a viral meme, Twitter or blog posts, banners/ads, etc.).
2. Getting integrations with other products (e.g. Compound, Maker, Aave, etc).
3. Having discussions in Discord, the forum, Twitter, etc. that meaningfully contribute to the community’s conversations and proposals.
4. Creating product specifications or methodologies.

Each month, contributors post their contributions to the Discord and receive compensation in the form of $INDEX tokens.

If you are interested in participating in the Index Coop community, you can join us on Discord and drop your question in the #help channel!