Summary
TLDR: Index Coop is launching a new product, High Yield ETH Index (hyETH), that combines five yield strategies into a single token. They used a points-inspired bootstrapping mechanism to test demand, which exceeded expectations. The product is only available to investors outside the US and PRT holders will share in revenue post-launch by staking their tokens. Index Coop plans to eventually direct protocol revenue to INDEX holders once consistently breaking even.
Key Points
1. The advent of EigenLayer restaking has opened up new yield opportunities for Ethereum holders. A handful of protocols now provide liquid restaked ETH, juicing returns for those who know where to look.
2. A new product from Index Coop aims to bundle those yields into an index token for easy access and built-in diversification.
3. The High Yield ETH Index (hyETH) set to launch next month, combines into a single token five yield strategies that meet minimum APY and total value locked (TVL), among other criteria, using open-source, audited protocols.