what's High Yield ETH Index?
High Yield ETH Index (hyETH) is a tokenized index product launched by Index Coop, designed to provide diversified exposure to high-yield Ethereum-based strategies. It aggregates multiple DeFi yield protocols that meet specific criteria, such as minimum TVL, APY thresholds relative to staked ETH benchmarks, and compatibility with Ethereum mainnet, ensuring no impermanent loss and focusing on risk-adjusted returns denominated in ETH. The index rebalances periodically to include top-performing strategies listed on platforms like DeFi Llama, with components selected for liquidity, no locking mechanisms, and integration ease via the Set Protocol. Users deposit ETH or compatible assets to mint hyETH tokens, which automatically compound yields across the basket, offering a passive way to optimize Ethereum holdings without manual management.
High Yield ETH Index's INDEX token burn removes 600k; 2026 profitability is a priority.
Links
x.com/indexcoopIncreased legacy product fees as part of IIP 196 implementation.
INDEX burn program removes 600,000 tokens from circulating supply and costs and revenue now trend toward profitability as a top priority for 2026.
icETH reaches end of life due to Aave v2 market deprecation and has been de-levered to 100% wstETH, with holders officially recommended to migrate to hyETH to continue earning boosted ETH yield.
Gauntlet curates hyETH and Morpho Labs powers the protocol.