• The new Polygon Ecosystem Index (PECO) allows you to wager on the success of Polygon (MATIC) projects

  • Amun, a pioneer in DeFi index products, announced the launch of the Polygon Ecosystem Index (PECO) token this week.

    Amun is excited to announce the launch of the Polygon Ecosystem Index (PECO)—a single token that captures the best native projects on @0xPolygon.

    We are celebrating the launch with a pre-sale event starting today. Learn more 👇https://t.co/YTFVYoa3SJ

    — Amun (@Amun) October 7, 2021

    The PECO token, which is available through the Amun Platform, is an index of the top projects being built on Polygon, an Ethereum scaling platform that is onboarding millions to Web3 – giving users targeted exposure to the entire Polygon ecosystem, rather than just projects that live on both chains.

    PECO is Polygon’s first ecosystem index token, developed collaboratively by Amun, Polygon Foundation, and leading Polygon projects.

    Inside the Polygon ecosystem bet

    PECO’s initial composition is 50% MATIC, with the remaining 50% made up of Quickswap, DFYN, Adamant Finance, Aavegotchi, and Qi Dao. Instead of providing a token that grows with the entire Polygon ecosystem, this composition provides an alternative to only holding MATIC.

    PECO is rebalanced monthly to lock in gains and ensure constituent tokens are allocated based on market capitalization and liquidity rank. MATIC’s share of PECO is expected to be reduced over time to make room for other promising projects. PECO is not required to pay management fees until 2023.

    The token can be minted and burned at any time on the Amun Platform with a single click, and it is also available on other major exchanges such as SushiSwap. PECO is also available on both Polygon and Ethereum, allowing investors greater access to the Polygon ecosystem. With a single click, Ethereum users can purchase, mint, or burn PECO tokens. The integration of Amun with the Polygon Bridge makes the process more seamless for the user.

    “Given the growth of blockchain ecosystems beyond Ethereum, we believe index tokens that give users exposure to the top projects in an individual ecosystem are critical to onboarding users to these new platforms,” Amun’s Head of Tokens James Wang explained.

    Several changes have occurred.

    “Recently surpassing Ethereum in daily active addresses, Polygon’s DeFi ecosystem has over $4 billion in total value locked,” said Sandeep Nailwal, co-founder of Polygon. The introduction of PECO propels Polygon to the next level of development.

    “While Polygon was initially designed as a side-chain to enable Ethereum mainnet computation, it has evolved to become the most popular interoperability and scaling platform for building Ethereum-compatible blockchains.”

    With developers and NFT projects flocking to Polygon from all over the world, we’re seeing a steady increase in the number of innovative projects that are achieving incredible success. Investors can get in early with PECO as developers work to shape the next phase of DeFi and Web3.”

    Polygon currently has the most Dapps (over 500) outside of Ethereum, including Sushiswap, Curve, Aave, Balancer, and Kyber.

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