A stablecoin-denominated yield product that provides diversified exposure to the top money market yields in DeFi.
The Index Coop Money Market Index (icSMMT) is designed for large purchasers. We suggest a minimum purchase of $500,000.
What is the Money Market Index (icSMMT)?
The Money Market Index ($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.
What is the methodology behind the Money Market Index?
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.