IBC Index

IBC Index (IBCX) is an interchain index token that represents a collection of underlying assets within the Cosmos ecosystem. It is designed to simplify onboarding for new users into the Cosmos network. Launched in collaboration with ION DAO, IBCX allows ION stakers to engage in governance, making it a community-driven project. Its ultimate goal is to establish an accessible entry point for users into the Cosmos ecosystem.

Currently, IBCX tokens are primarily used for minting and burning operations within the Cosmos ecosystem. Future developments will expand their functionality, including liquid-staking options in collaboration with Stride and cross-chain mint/swap features with Ethereum. These enhancements will provide users with more versatile use cases for IBCX, helping them engage with Cosmos more easily.

IBCX offers unique benefits by enabling active governance participation through ION DAO, which is one of the most established DAOs in Cosmos and linked to the major DEX, Osmosis. This governance capability allows experienced Cosmos community members to influence the direction of IBCX, ensuring it aligns with the ecosystem's needs. Additionally, planned features like liquid-staking and cross-chain swaps will further distinguish IBCX from other tokens.

IBCX contributes by simplifying the onboarding process for newcomers, making it easier for them to invest in and interact with the Cosmos ecosystem. By integrating with Stride for liquid-staking and planning for Ethereum cross-chain minting and swaps, IBCX enhances interoperability and accessibility, thus promoting more inclusive participation in Cosmos's decentralized finance (DeFi) landscape.

The governance model of IBCX is unique as it is powered by ION DAO, which enables ION stakers to participate directly in the operations of IBCX. This connection with ION, the second native token of Osmosis, means that stakeholders familiar with the Cosmos ecosystem have direct input and governance rights over IBCX, ensuring that strategic decisions align with community interests and expertise.

The next steps for IBC Index include launching liquid-staked IBCX with Stride, a leading liquid-staking provider in Cosmos, to provide additional staking opportunities. Additionally, enabling cross-chain mints and swaps with Ethereum is planned, which will broaden the use cases of IBCX and facilitate greater cross-chain interoperability. These steps aim to enhance the utility and accessibility of IBCX, fostering broader adoption.