The INDEX price update as of now is $3.00. In the previous 24 hours, its trading volume was $21,517, and its value has decreased by -1.59%. As of now, INDEX's live market cap is $21,765,943, and it is ranked as the #1118 on the Coincu. INDEX has a circulating supply of 10,000,000 and a maximum supply of 10,000,000.

Overview of Index Cooperative

Index Cooperative is a protocol that focuses on asset management and aims to create a product similar to the INDEX index outside of traditional financial markets. It is a community-driven project that brings together experts from various fields such as finance, blockchain, DeFi, content marketing, and cryptocurrency enthusiasts to simplify investing in electronics.

Supported Indexes by Index Cooperative

The Defi Pulse Index (DPI)

The Defi Pulse Index is a decentralized financial index that comprises the top 10 Defi tokens on the Ethereum platform. The index includes tokens like AAVE, Synthetix (SNX), Uniswap (UNI), Yearn Finance, Compound (COMP), Maker (MKR), REN, Loopring (LRC), Kyber Network, and Balancer. The tokens are selected based on their market share within the index.

The launch of the Defi Pulse Index in September 2020 has made it easier for crypto investors to access the DeFi ecosystem. By investing in Index Cooperative, users can gain exposure to multiple tokens through token ownership.

The native token of Index Cooperative is INDEX, which grants holders the privilege to participate, propose, and vote on the organization's growth. Holders can propose changes that can impact the institutional performance of the cooperative.

The Metaverse Index (MVI)

The Metaverse Index (MVI) is an index that captures trends in entertainment, sports, and business moving towards the Metaverse environment. It comprises 15 tokens.

There are several benefits of using MVI, including simplicity, risk management, cost-effectiveness, and transparency. MVI provides a simple way to capture broad market trends without the need for constant research and portfolio rebalancing. Holding a common index offsets the volatility of individual tokens. It also reduces gas fees compared to buying and selling individual tokens. The index follows transparent rules for token evaluation for inclusion and removal.

The Flexible Leverage Index (FLI)

The Flexible Leverage Index (FLI) is a structured product in ERC20 format that enables traders to automate their target leverage in a decentralized manner. It is a collaboration with the Defi Pulse team and aims to reduce risks and costs associated with maintaining mortgage debt.

The ETH2x version of FLI is currently available on TokenSets with an initial supply limit of 50k units.

The Bankless Bed Index (BED)

The Bankless DAO aims to promote adoption and awareness of a bankless monetary system. The BED Index provides passive exposure to Bitcoin, Ethereum, and DeFi, representing the three most notable crypto topics: digital gold, digital silver, and decentralized finance.

The BED Index is represented by fully collateralized ERC20 tokens and can be purchased on Uniswap v3, Index Coop, and TokenSets. It offers simplicity, risk management, cost savings, and transparency.

The Data Economy Index

The Data Economy Index (DATA) is a group of 7 tokens designed to provide passive and accessible access to the Web3. It includes tokens from the Filecoin project, which is a major component of the data economy.

DATA is the first decentralized index to capture the growth of the data economy and includes non-Ethereum-based tokens.