Difference between revisions of "Indexed Finance"

On September 25th, NDX launched dividend-bearing NDX (dNDX) which would allow NDX holders to receive the revenue generated by the protocol.<ref>https://ndxfi.medium.com/ndx-is-now-a-productive-asset-fa375e3f8db0</ref> The revenue is generated from exit fees, 0.5%, when a user decides to leave one of the index pools. For every $100 generated in revenue, $40 would be sent to the NDX Treasury and $60 would be distributed to holders of nNDX.<ref>https://gov.indexed.finance/#/proposal/QmZuB6gXVgHazSXPmN58ZEnv8h3rRqbcZrCCBZheXsVVXw</ref>

October 14th 2021 was when the Indexed Finance [[Exploits|exploit]] occurred. An address funded by the [[mixing service]] [[Tornado Cash]] launched a flash loan exploit to impact the weights of assets in certain index pools.<ref>https://rekt.news/indexed-finance-rekt/</ref> Within a week of the exploit, the Indexed Finance team already had a suspect. After looking at previous messages, Doctor Day (a founder of Indexed) and the team believed they uncovered the identity of the exploiter.<ref>https://hackmd.io/fSTndeFZQPOPKYxlafaNIA</ref>