> 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/money-market-index-icsmmt.md).

# Money Market Index (icSMMT)

<div align="left"><figure><img src="/files/NqShLIrDYDWCLRKmypoc" alt="" width="150"><figcaption></figcaption></figure></div>

***The Index Coop Money Market Index (icSMMT) is designed for large purchasers. We suggest a minimum purchase of $500,000.***

### What is the Money Market Index (icSMMT)? <a href="#what-is-the-defi-pulse-index-dpi" id="what-is-the-defi-pulse-index-dpi"></a>

The Money Market Index ($icSMMT) is an index token of the top stablecoins distributed across variable-rate, peer-to-peer, and fixed-rate lending positions on Ethereum main net. Within the index, USDC, DAI, and USDT are deposited into the most battle-tested money market protocols: Morpho, Notional, Aave v2, and Compound. The composition is defined by a methodology that sets equal weights for each stablecoin and determines which protocols to deposit to based on historical rate data.

### How can I buy icSMMT? <a href="#where-can-i-buy-dpi" id="where-can-i-buy-dpi"></a>

* ​[Index Coop - FlashMint​](https://app.indexcoop.com/icsmmt)

### What is the methodology behind the Money Market Index? <a href="#what-is-the-methodology-behind-dpi" id="what-is-the-methodology-behind-dpi"></a>

The objective of the Money Market Index is to enable token holders to access sustainable stablecoin yields through a single token by building on the most battle-tested money market protocols. Stablecoins that pass the inclusion criteria are equally weighted within the index, resulting in a balanced composition of USDC, DAI, and USDT at launch. Distribution across protocols is determined by comparing Base APYs using a 180 DMA for all protocols that meet the inclusion criteria; this measurement excludes incentives or non-stablecoin rewards in order to determine “real yield” per position. Each stablecoin is then split evenly between the two highest-yielding positions across two distinct protocols.

### Important Links <a href="#important-links" id="important-links"></a>

* Fact Sheet
* [Dune Analytics](https://dune.com/index_coop/money-market-index)
* [Introducing the Money Market Index](https://indexcoop.com/blog/introducing-the-money-market-index-icsmmt)
* [Money Market Index - FAQ](https://indexcoop.com/blog/money-market-index-icsmmt-faq)

### Contact Us <a href="#contact-us" id="contact-us"></a>

Drop into the [**Index Coop Discord Server**](https://discord.com/invite/indexcoop) and get in contact with us. This is the fastest way to have a real person answer any questions you have.