The initiative underscores Index Coop’s commitment to providing investors with profitable and diversified cryptocurrency investment options.
Recently, Index Coop, a decentralized platform specializing in creating user-friendly tokens, declared the introduction of the High Yield ETH (hyETH) Index.
The platform announced via its official X account that the hyETH pre-sale has been posted on the organization’s forum. The firm explicitly intended to offer advantages to the initial pre-sale depositors.
This will be accomplished through PRTs and a revenue-sharing arrangement with depositors.
Reportedly, the hyETH targets yield opportunities approximately 4.00% higher than the staking rate. The project’s objective, according to the information disclosed by the company, is to monitor the most lucrative ETH-related opportunities on Ethereum.
It prioritizes opportunities that satisfy the minimum TVL and APY requirements, as confirmed by DeFi Llama’s statistics.
The index reflects the corresponding eligible strategies and is rebalanced every month. It incorporates the most pertinent strategies in this manner. Further, Index Coop disclosed the qualities that should be present in the corresponding strategy.
One states that strategies enumerated in the DeFi Llama Yield Rankings will qualify. In addition, Ethereum accessibility should be ensured.
The maximum TVL requirements for eligible strategies are 5,000 ETH tokens. In addition, they demand a monthly APY that is nearly 400 basis points higher than the retroactive APR of the dsETH.
There should be no limiting mechanisms in the strategies. Fixed-term strategies must have a minimal maturation period of three months after the rebalance date.
The organization emphasized the fact that hyETH presents a notably greater annual percentage yield (APY) and enhanced diversification when compared to its existing rivals.
Index Coop’s Unique Pre-Sale Offerings
The pre-sale will begin on the 10th of the forthcoming month and conclude on the 10th of May. It is worth mentioning that the pre-sale, pre-launch, and post-launch stages comprise a 30-day duration.
It is imperative to mention that withdrawals of funds during the pre-launch phase do not incur any penalties.
The announcement made by Index Coop emphasizes its dedication to offering investors a profitable prospect that offers diversified investment choices and substantial return potential in the cryptocurrency market.