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tomu
@tomu
i was really into tokenset/index coop in the early days of defi. it was the easiest way to get my friends in too. instead of telling them to buy a bunch of tokens, they could just grab an index and get exposure to different tokens based on their risk level surprised i’m not seeing more models like those today, especially with how much improvement we've had with onboarding and gas costs
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MJC
@mjc716
integrated some set products into smart contracts at my previous project. good and early project, but the market was/isn't big enough to support the kind of strategies they built b/c they require a lot of maintenance and onchain mgmt costs
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Thomas Mattimore
@mattimost.eth
@reserve has become the largest index protocol in defi, mostly driven by ETH+, a diversified lst index. Similar concept. Will be interesting to see if DTFs (defi traded funds 😜) become big in next cycle
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Tonyp
@tonyp
Its also interesting that multi asset Balancer pools didn't take off. I bet you could make something interesting with the hooks in Balancer V3 and lending out some of the tokens.
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Juli 🎩↑
@juli
I‘ve been super bullish on Index Coop back then and thought decentralized asset management would become huge. The first Index products were pretty solid but slightly unattractive for DeFi natives (I pick my assets vs holding all index; or traded in & out of leverage tokens). Unfortunately, contributors went diff ways and the project focused too much on governance, not product or (normie/Cex) adoption. Made one of my biggest wins back then with another protocol that built on tokensets but didn’t deliver much except farming rewards to me 😅 I was also active in other asset management projects like Dhedge (active asset management, copytrading) which was riddled by gas fees (300$ for trades, hence stopped trading 🙃) and should have been much better on l2s. They also moved to l2 & improved the product but never fixed incentive misalignment or managed to get meaningful interest again.. Most of the projects I checked over the years left, have little cash or improvements - despite 4 years of time. Sad!
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🎀 sonya (in theory) 🐰
@sonyasupposedly
my last job before Splits was in this space turns out there's kind of a "missing middle" — people either want to just long BTC and ETH, or they want to degen into lots of random shit
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Zach
@zd
cc @gaut @alongside
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Stuart
@olystuart
Was just thinking about that, wondering if there's an easy 2x long Eth token on Base like the index coop one a couple years ago.
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Blinky Stitt
@flashprofits.eth
I finally accepted my losses on their token. It doesn't help that they block US users
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