Index Coop

Index Coop (Index Cooperative) is a DeFi organization that offers automated leverage and yield products onchain. Its leverage tokens give holders one-click exposure to crypto assets such as BTC and ETH, with the position rebalanced automatically through lending markets, and its Smart Loops package looping strategies into single tokens. The products run on Ethereum, Base and Arbitrum.

The homepage describes its leverage as leverage that manages itself. It compares the financing cost of its tokens with perpetual futures funding, citing a 3x BTC long example with a cost of carry of 10.02 percent against a 63.34 percent perps funding rate (figures from its own page). Its learn section describes the difference as real versus synthetic leverage.

• Leverage tokens: automated long exposure such as 3x BTC
• ETH2xBTC and BTC2xETH: leveraged exposure to the ETH/BTC ratio, live on Arbitrum since December 2024
• wstETH15x Smart Loop: looping strategy offering up to 15x leverage on real yield, introduced in April 2025
• icETH: leveraged liquid staking rewards of up to 2.5x
• hyETH (High Yield ETH Index): launched in June 2024 and upgraded in January 2025 to a purpose-built Morpho Vault with Gauntlet as a partner
• Onchain competitions: Trade of the Month and Sharpshooters, with cash prizes and NFT trophies

According to its website, Arbitrum support launched in May 2024 and Base in September 2024. An October 2025 Leverage RUSH raffle offered 150,000 INDEX to active traders using the Leverage Suite. The site also publishes a legacy products section, GitHub repositories, product docs and a press kit.

The site reports 8 or more security audits, open-source contracts and an ongoing bug bounty hosted on Immunefi. It also states more than 250 billion dollars in total rebalance volume, 1,014 days without liquidation and over 10,000 users (self-reported). Some tokens are restricted for certain jurisdictions and persons, including U.S. persons.