Meet The First Ever Polygon Ecosystem Index Token

Polygon continues to be a considerable drive in DeFi. The protocol’s ease of use and decrease charges have been main attracts for builders, resulting in all kinds of latest initiatives coming to life on the platform.

In the meantime, the parents over at Amun Tokens are engaged on DeFi index tokens left and proper. In June, the platform introduced the launch of two index tokens, $DFI and $DMX, engaged within the Ethereum ecosystem. Given Polygon’s elevated presence these days in DeFi, it was solely a matter of time earlier than the staff at Amun unleashed a Polygon-based token as properly.

That point has come, as Amun introduced at present their newest token headed to pre-sale: PECO. This token seems to encapsulate the very best and brightest initiatives being constructed on Polygon.

Amun, PECO, & The Polygon Ecosystem

Amun launched their Medium submit asserting PECO at present in collaboration with the Polygon Basis and main Polygon initiatives. The Basis is offering $5M in MATIC tokens to seed the index’s launch, based on the Medium submit, and plenty of main initiatives are offering seed capital for liquidity.

The token initially launches on October 19 and can begin with 50% MATIC till the community matures additional. Protocol tokens make up the remaining 50%; check out the preliminary PECO compensation on launch under:

 

Because the Polygon community grows and develops, the PECO portfolio shall be rebalanced month-to-month. PECO shall be out there on each Polygon and Ethereum, and early members can earn as much as a further 30% bonus tokens within the pre-sale through airdrop.

Polygon (MATIC) has seen secure value motion in latest months, however has been slowly turning into a DeFi energy participant. | Supply: MATIC-USD on TradingView.com

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Amun & DeFi Progress

The Amun whitepaper cites the necessity for scalability in DeFi and appears to supply ERC-20 tokens that tackle an index of the highest DeFi tokens out there.

Earlier within the yr, Amun unleashed DeFi index token $DFI, aimed to offer buyers publicity in “blue chip DeFi initiatives.” This allowed customers to return to at least one token for a large publicity of DeFi’s largest cash, with out incurring particular person swap prices. Moreover, Amun launched their DeFi Momentum Index, $DMX, which seeks to automate weights primarily based value momentum calculated by a relative energy index. This index sought out momentum riders who “missed out on the final bull run.” Each indices had been initially composed of eight tokens per index.

Amun is constructing out a large breadth of DeFi publicity throughout what appears to be an excellent time. A Financial institution of America report this week cited DeFi’s development and largely untapped potential, and Polygon and it’s subsequent platforms have been huge development drivers in DeFi.

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Featured picture from Medium.com/amun-tokens, Charts from TradingView.com
Featured picture from Medium.com/amun-tokens, Charts from TradingView.com