Polygon continues to be a considerable pressure 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 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 currently 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 as we speak their newest token headed to pre-sale: PECO. This token appears to be like to encapsulate the very best and brightest initiatives being constructed on Polygon.
Amun, PECO, & The Polygon Ecosystem
Amun launched their Medium submit asserting PECO as we speak in collaboration with the Polygon Basis and main Polygon initiatives. The Basis is offering $5M in MATIC tokens to seed the index’s launch, in accordance with the Medium submit, and lots 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 will likely be rebalanced month-to-month. PECO will likely be obtainable on each Polygon and Ethereum, and early members can earn as much as an extra 30% bonus tokens within the pre-sale through airdrop.
Polygon (MATIC) has seen steady worth motion in latest months, however has been slowly changing 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 handle an index of the highest DeFi tokens obtainable.
Earlier within the 12 months, Amun unleashed DeFi index token $DFI, aimed to present buyers publicity in “blue chip DeFi initiatives.” This allowed shoppers to come back 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 based mostly worth momentum calculated by a relative power index. This index sought out momentum riders who “missed out on the final bull run.” Each indices have 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 development and largely untapped potential, and Polygon and it’s subsequent platforms have been monumental development drivers in DeFi.
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Featured picture from Medium.com/amun-tokens, Charts from TradingView.com