# $GMI

**Published by:** [.zero](https://paragraph.com/@epyon/)
**Published on:** 2022-01-06
**URL:** https://paragraph.com/@epyon/gmi

## Content

https://twitter.com/indexcoop/status/1479181847330492416 Announcing the @banklessDAO DeFi Innovation Index $GMI. The Innovation Index has been designed to give holders the benefit of dramatic gains that can sometimes be realized suddenly for certain coins.This index will begin with twelve tokens, the idea being that holding a broad array of tokens reduces investors’ risk and saves them the hassle of scouring the charts for new potential winners. Investors will be able to take advantage of yield opportunities for tokens like gOHM, the governance token for Olympus DAO (more ybt’s to be added in the future). For two months, buyers will be able to stake their GMI tokens and earn a share of 18,750 INDEX tokens that will be distributed over that time, with most of the tokens being paid out in the first month. The tokens in GMI will only be rebalanced every two months. Check it out here👇 https://newsletter.banklesshq.com/p/1b7b21f3-4ce5-4391-ad8e-dedeecf909eb https://twitter.com/DefiantNews/status/1479182274096615426

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