Polygon Ecosystem Index (PECO)
Overview
Amun's Polygon Ecosystem Index, or PECO, is the first index token designed to track the performance of the top projects on Polygon. Its purpose is to provide holders an easy and low cost way to gain exposure to Polygon's vibrant and growing ecosystem.
As described in the Ecosystem Index Token primer, Amun's ecosystem tokens leverage the most prominent exchanges in an ecosystem for swapping and for determining available liquidity. For PECO, both QuickSwap and Dfyn are used for acquiring constituent tokens.
Inclusion Criteria
Inclusion criteria is based on Primer detailed out here.
Bridging
For PECO tokens minted on Ethereum, Amun leverages Polygon's PoS Bridge to wrap PECO tokens (Wrapped PECO) on Ethereum. PECO will be available on both Polygon and Ethereum via swapping or minting. Wrapped PECO on Ethereum is enabled by our one-click bridge functionality which gives you the advantages of Ethereum ecosystem while maintaining exposure to the assets on Polygon
Native Minting/Burning
For PECO tokens minted natively on Polygon, MATIC is swapped for PECO and the transactions reside on the Polygon network.
While tokens can be bought or sold on select decentralized exchanges, users can also directly mint or burn these tokens through the Amun Tokens platform at a valuation based on the tokens NAV (Net Asset Value). These processes are outlined below:
Mint:
Burn:
Fees
No management fees will be charged from launch until the end of 2022. Starting in 2023, PECO will incur a 1.5% management fee.
Contract Address
Polygon: 0xA9536B9c75A9E0faE3B56a96AC8EdF76AbC91978
Ethereum: 0x9d3EE6B64e69Ebe12a4bF0b01D031CB80F556eE4
Last updated