Index Zoo Proposal

Introduction: IndexZoo is DeFi's multi-chain index/leverage token protocol. Unlike current index protocols, which takes a rigid vetting and voting process to launch new products, their indices are fast to launch and flexible to manage, catered towards DAOs and new projects seeking liquidity, plus tokens are not restricted to be on Ethereum, as Zoo is launched to be multi-chain.

Zoo has received partnership/grants from multiple L1/L2s, including Polygon, BSC, Harmony, Avalanche, NEAR and much more to come. Currently Zoo's Habitat Index Protocol has already been deployed on Polygon , sharing the battle-tested TokenSets backend, and made much more flexible for issuer/managers. Index Zoo will soon deploy on all of the aforementioned chains, providing a cohesive index launching and management experience.

Proposal: Index Zoo proposes a New Order DAO Index Token, a composite index that is fully managed by the New Order community, encompassing the incubated projects in the New Order Ecosystem. That is, an index built for New Order DAO's the long-term growth and aligned interests.

Benefits:

1. Index/ETF Built for the Masses Tokenized Index is a great tool for crypto adoption. Having a composite index representing the robust New Order Ecosystem will set the DAO for future mass adoption.
2. Fully Managed by New Order DAO With the DAO in full control of index's addition, deletion, weighting and rebalancing schedule, the index is a great tool for DAO's to manage and grow their treasury.
3. Bootstrap Liquidity for Incubated Projects As each index token is fully collateralized, the growth of index will help bootstrapping liquidity for underlying project tokens.
4. Flagship Tool for Social Trading and Community Engagement The composite index is an additional tool on top of the DAO's governance token to drive community engagement through social trading.

Naming: Zoo, as the name suggests, houses a herd of animals, including our Bear/Bull leveraged long/short tokens. For New Order DAO's index token, the community decided on an animal to represent it - "GOAT" (greatest of all time).

Structure: Zoo's protocol and Dapp will handle both backend and frontend of the index. Upon creation, the DAO will decide the initial underlying assets and relative weighting. (For example, 33% for 3 of the incubated projects in New Order DAO). An initial number of index will be minted, that is to be fully collateralized with the underlying tokens. Once the index is created, users have 2 options to interact with it:

1. Mint/Redeem Directly mint/redeem the index token on Zoo's platform, supports either stablecoin or underlying assets for ease-of-use.
2. Buy/Sell Users may also buy/sell from supported secondary market pools such as Sushiswap and Uniswap.

The DAO as a whole manages the index through following actions:

1. Token Addition/Deletion To add or delete underlying assets as new projects are incubated or old projects make changes.
2. Weighting Change / Rebalance Certain weighting may use market capitalization, or active rules by the managers. The DAO has flexibility to set the weighting as well as rebalancing schedule.
3. Charging Management Fees The DAO may charge a % management/streaming fee on the index's total AUM in an annualized fashion. Zoo asks for a small percentage profit sharing with the DAO, to cover operating and maintenance cost of the platform.

Should New Order partner with Index Zoo to create an index token as described above?