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Meet The First Ever Polygon Ecosystem Index Token

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

In the meantime, the oldsters 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 workforce at Amun unleashed a Polygon-based token as effectively.

That point has come, as Amun introduced right this moment their newest token headed to pre-sale: PECO. This token appears to be like to encapsulate the very best and brightest tasks being constructed on Polygon.

Amun, PECO, & The Polygon Ecosystem

Amun launched their Medium submit asserting PECO right this moment in collaboration with the Polygon Basis and main Polygon tasks. The Basis is offering $5M in MATIC tokens to seed the index’s launch, in keeping with the Medium submit, and lots of main tasks 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 beneath:

 

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

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

Associated Studying | TA: Ethereum Is Primed For A Rally And Solely One Factor Is Holding It Again

Amun & DeFi Progress

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

Earlier within the 12 months, Amun unleashed DeFi index token $DFI, aimed to provide traders publicity in “blue chip DeFi tasks.” This allowed shoppers to return to 1 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 worth 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 a super time. A Financial institution of America report this week cited DeFi’s progress and largely untapped potential, and Polygon and it’s subsequent platforms have been monumental progress drivers in DeFi.

Associated Studying | Buyers Anticipate Ethereum To Outgrow Bitcoin, In accordance To CoinShares Survey

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

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