$BASIS-ETH

Community Call

16th March 2022

🚨 This meeting will be recorded 🚨

**Important Disclaimer**

In General. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as this “Presentation.” Index Cooperative, taken together with its affiliates, is referred to herein as “IndexCoop,” “we,” “us” or “our.” The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any interests in a fund or any other securities. Forward‐looking statements. The Presentation contains certain “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect our current views with respect to, among other things, future events and the financial performance of IndexCoop. Readers can identify these forward‐looking statements by the use of forward‐looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “assumed,” “anticipates,” “positioned,” “targets” or the negative version of those words or other comparable words. Any forward‐looking statements contained in this Presentation are based, in part, upon the historical performance of IndexCoop and our affiliates and on our current plans, estimates and expectations. The inclusion of this forward‐looking information, should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. Such forward‐looking statements are subject to various risks, uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from those indicated in these statements. Accordingly, you should not place undue reliance on any forward‐looking statements. No reliance, no update and use of information. You should not rely on this Presentation as the basis upon which to make any investment decision. To the extent that you rely on this Presentation in connection with any investment decision, you do so at your own risk. This Presentation does not purport to be complete on any topic addressed. The information in this Presentation is provided to you as of the dates indicated, and IndexCoop does not intend to update the information after its distribution, even in the event that the information becomes materially inaccurate. Certain information contained in this Presentation includes calculations or figures that have been prepared internally and have not been audited or verified by a third party. Use of different methods for preparing, calculating or presenting information may lead to different results, and such differences may be material. Past performance. In all cases where historical performance is presented, please note that past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. Distribution of this Presentation. This Presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation.

📽This is being recorded📽

🚨 This meeting is being recorded 🚨

If you don’t want your name or voice to appear in the recording, type in chat rather than speak

MoonRock

Our vision…

Create decentralized financial products that unlock prosperity for everyone

Our strategy - how do we win?

Identify financial products that customers want

Quickly and efficiently launch secure and successful financial products

Increase the availability and accessibility of our products

Generate global awareness and understanding of our products and brand

Build a successful and sustainable organization

Call Technicalities & Agenda

Technicalities

• Please stay muted unless you’re speaking.
• We will use the +1 system to initiate speaking
• This meeting is timeboxed to 1 hour - further discussion can go in the Discord or continued with the epic owner

Purpose: An opportunity to learn more about $BASIS-ETH

​

Agenda

• Introduction
• Presentation
• Wrap with open floor

​

Background | $BASIS-ETH

BASIS-ETH is the first in a new range of high yield generating products by Index Coop.

​

The product was designed by Set Labs, and Index Coop will act as the asset manager. This product partnership is the result of enhanced cooperation between our product and engineering teams over the last 6 months.

The “Why” | $BASIS-ETH

DeFi investors are continuously seeking higher yield.

​

There are many strategies available in DeFi today that generate stablecoin yield through protocol incentives and short lived farming opportunities. This leaves investors moving from farm to farm as they chase new yield.

BASIS-ETH is an opportunity to create a sustainable source of yield that generates return by utilizing a proven trading strategy that requires no farming or incentives.

Provider

Token

Base APY

LMI

The “What” | $BASIS-ETH

The ETH perpetual futures market on perp.fi uses a funding rate to incentivize traders to arb the derivative price back to market price.

Long traders pay this funding rate to short traders over time.

​

BASIS-ETH token holders can earn 15-20% APY by providing capital to a strategy that exploits pricing inefficiencies to earn this funding rate.

​

The “Who” | $BASIS-ETH

This suite of products delivers value to a variety of customers by…

The “How” | $BASIS-ETH

BASIS-ETH will be built on Set Protocol’s Optimism deployment, using the integration with Perpetual Protocol to create the short position.

The product will employ an optimized strategy that creates a delta neutral (no price risk) position by take a 50% position in -1x short ETH and a 50% spot ETH.

The funding rate is paid every 8 hours, and any returns are auto-compounded.

Q&A

Q&A

• Can we replicate on other underlying tokens?
• Scalable strategy - perp.fi has 6 assets.
• Only collateral is USDC -will expand.
• Do we risk dilution of yield
• TradFi futures markets are massive
• Perp.fi and dydx have lots of depth.
• CEX have huge volumes
• What fee - 0.95%

​

More Resources

• Proposal: Launch the Basis Trading Suite