
$INDEX: What’s been happening behind the scenes? 👀🔥 Things may have been a little quieter around INDEX for a while, but that certainly doesn’t mean nothing has been happening behind the scenes. Over the past period, the team has been focused on improving the infrastructure and addressing several important challenges within the ecosystem. One of the key developments is the updated distribution system. Distributions now follow fixed 36-hour cycles, making the process much more predictable. Since the relaunch, more than $23,600 worth of shares have already been distributed across thousands of wallets. Former holders have also been included in a recovery initiative. In addition, improvements have been made to price protection and stricter checks have been introduced for liquidity pools. The team is also continuing to work on resolving issues that allowed some trading volume to bypass the official fee structure. And this last point is important: the goal is to ensure that INDEX trading activity genuinely contributes to the protocol’s economy and, in turn, its distributions. What I appreciate about this update is that the team isn’t simply coming forward with promises. Concrete improvements are being implemented behind the scenes, while existing issues are being addressed. Sometimes a period of silence doesn’t mean nothing is happening. It means work is being done to prepare for the next step. Great to see INDEX making its presence felt again! @TheIndexFi @vladtenev robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 #TheIndex #Crypto #DeFi #Web3
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- price read from Uniswap v4 pool 0x00dd2df2…edf3 at block 106023957
- ETH priced in USDG at Uniswap v3 pool 0x52e65b…71ca
- 19,470,176 Index at burn addresses not counted in supply