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Solana Ecosystem Index (SOLI)
Overview
Amun's Solana Ecosystem Index, or SOLI, is the first index token designed to track the performance of the top projects on Solana. Its purpose is to provide investors an easy and low cost way to invest in Solana's vibrant and growing ecosystem.
DEX's
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 SOLI, Raydium is used for acquiring constituent tokens.
Inclusion Criteria
SOL will be 33% of the index composition initially. As the Solana ecosystem matures, the index can grow to hold new constituent tokens that meet our inclusion criteria. The remaining allocation of the SOLI token is composed of protocol tokens weighted using the averaged ratio of market cap and DEX liquidity. They must also satisfy the following criteria:
  • must be native to the Solana network and contribute to the Solana ecosystem.
  • must have launched on the Solana mainnet for a period greater than 2 months, to eliminate transient, unsustainable projects.
  • has organic adoption in liquidity and market cap.
  • has sufficient DEX liquidity on Raydium. For a starting point, we look for DEX liquidity above $3 million.

Native Minting/Burning

For SOLI tokens minted natively on Solana, SOL or USDC is swapped for SOLI and the transactions reside on the Solana 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:
Native Token Mint Flow
Burn:
Native Token Burn Flow
Fees:
No management fees will be charged from launch until the end of 2022. Starting in 2023, SOLI will incur a 1.5% management fee.
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