> For the complete documentation index, see [llms.txt](https://docs.indexcoop.com/index-coop-community-handbook/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.indexcoop.com/index-coop-community-handbook/products/legacy-products/bankless-defi-innovation-index-gmi.md).

# Bankless DeFi Innovation Index (GMI)

### ***Note:*** [***Support for GMI Discontinued in December 2022***](https://indexcoop.com/blog/deprecation-of-data-gmi-mnye-and-polygon-flis)

<div align="left"><img src="/files/mwiBsF5GhlPlQNWdIkQN" alt="" width="188"></div>

### What is GMI?

The Bankless DeFi Innovation Index (GMI) is a simple composite index launched by the Index Cooperative. The index focuses on high growth, early stage DeFi projects which are not yet considered “blue chip”. GMI produces an optimal weighting via the use of a combination of square-root market cap, relative secondary market liquidity, and relative token dilution/emission scoring.

### Where can I redeem GMI?

* [Index Coop app site](https://legacyproducts.indexcoop.com/) - Legacy Products
* [TokenSets ](https://www.tokensets.com/portfolio/gmi)(Mint / Redeem via Exchange Issuance Module) \[Slippage efficient]
* BitGo
* Argent - (Sell Only)

### What is the methodology behind GMI?

The methodologists behind GMI are BanklessDAO and Lemonade Alpha of Index Coop. You can learn more about GMI methodology and underlying tokens here on the [**Index Coop website**](https://indexcoop.com/bankless-defi-innovation-index-gmi)**.**

{% embed url="<https://indexcoop.com/bankless-defi-innovation-index-gmi>" %}

### Frequently Asked Questions

<details>

<summary>Can I LP GMI?</summary>

Yes, on UniSwap V3 or SushiSwap.

</details>

<details>

<summary>What are the contract addresses for GMI?</summary>

Ethereum: 0x47110d43175f7f2C2425E7d15792acC5817EB44f

Polygon:[ 0x7fb27ee135db455de5ab1ccec66a24cbc82e712d](https://polygonscan.com/token/0x7fb27ee135db455de5ab1ccec66a24cbc82e712d)

</details>

<details>

<summary>Is GMI <strong>on any Layer 2?</strong></summary>

Yes. It is on Polygon (MATIC) and zkSync.

</details>

<details>

<summary>Where can I stake GMI?</summary>

Nowhere, currently.

</details>

<details>

<summary>Can I redeem the underlying tokens of GMI?</summary>

All of our indices are fully collateralized and redeemable at any time for the underlying assets. Meaning in GMI you’d receive X% CVX, TRIBE, etc.

Learn more [here](https://docs.tokensets.com/investors/issue-and-redeem-sets).&#x20;

</details>

<details>

<summary>What is the fee split for GMI?</summary>

60% Index Coop / 40% methodologist

</details>

<details>

<summary>When/how often will GMI rebalance?</summary>

Bimonthly, GMI rebalances based on the methodologist criteria. Learn more [here](https://indexcoop.com/blog/automatic-rebalancing).

</details>

<details>

<summary>Are there any liquidity mining incentives for GMI?</summary>

No.

</details>

### Important Links

[GMI Product Dashboard](https://dune.xyz/indexcoop/GMI)

[Introducing $GMI Bankless DeFi Innovation Index](https://indexcoop.com/blog/gmi-bankless-defi-innovation-index)

[IIP-102 DG2 - Launch the Bankless DeFi Innovation Index | $GMI](https://gov.indexcoop.com/t/iip-102-dg2-launch-the-bankless-defi-innovation-index-gmi/3357)

### Contact Us

Drop into the [**Index Coop Discord Server**](https://discord.com/invite/indexcoop) and search for the **#GMI channel** in the **Products** category. This is the fastest way to have a real person answer any questions you have.