Index Coop, a decentralized autonomous organization (DAO) and leading provider of on-chain index tokens, today announces that its Interest Compounding ETH (icETH) token has been listed on Matrixport, one of the world’s largest and trusted digital assets financial services ecosystems. This collaboration expands the range of interest-earning digital assets available to Matrixport’s users and enhances the overall experience for users on both platforms.
By listing icETH, Matrixport incorporates an investment product into their Earn offering, delivering transparent yield from on-chain DeFi for their users. Index Coop’s icETH token provides amplified staking yield to its holders through an automated leveraged staking strategy, utilizing Lido and Aave’s money legos (5.07% APR over the first year, averaging more than 7.5% since the Merge).
Following Ethereum’s transition to proof of stake in September 2022, icETH’s returns have seen a substantial increase, with monthly average yields ranging between 6% and 10% APR. Execution layer rewards are now directed to stakers rather than miners, leading to higher staking yields during periods of increased Ethereum network activity. In some cases, icETH has seen 24-hour yields up to 25%.
Cynthia Wu, COO of Matrixport said, “Onboarding Index Coop on the Matrixport platform underscores our ongoing commitment towards providing seamless and transparent access to innovative DeFi products and solutions. With icETH’s integration, our clients will be able to participate in an automated ETH leveraged staking strategy without leaving our secure platform.”
For Index Coop, the partnership with Matrixport represents a valuable opportunity to engage with more DeFi users across Asia.
Jordan Tonani, Head of Institutions at Index Coop, said, “Collaborating with a reputable platform like Matrixport enables us to expand our reach and bring added value to users. The integration, of icETH not only allows Matrixport users to access amplified staking yields, but also fosters growth and innovation for both Index Coop and Matrixport.”