How is Index rebalancing achieved?
The ecosystem tokens will be rebalanced on a monthly basis on the first of the month in order to ensure proper tracking of the constituent index. In the event that the top ecosystem token weightings have not changed, no rebalance will occur for that month.
How is Minting/Burning processed?
When a user mints or burns PECO, the funds they provide are used to buy/sell the underlying assets and mint/burn the corresponding amount of PECO for the customer. While minting/burning incurs higher gas fees than swapping, it ensures that the transaction reflects the exact NAV (Net Asset Value) of the token.
Is there a maximum supply cap for your Index Tokens?
As this is an index token, there is no max supply. This token can be minted and burned 24/7.
How do you maintain the peg?
There is no peg, the index token is minted from the underlying tokens and represents the value of everything in the basket. The token can be burned to receive the underlying back in return.
Are your Index Tokens backed by assets in their relevant ecosystem? Is it redeemable?
Yes it is, have a look at our medium article for that. We have liquidity from Qi Dao, Adamant and DFYN. Yes, it is redeemable. The white paper lists the process.
Where can I buy the tokens?
Tokens are currently available on tokens.amun.com as well as several decentralized exchanges.
What wallets are supported?
You need MetaMask, WalletConnect, or one of several other supported providers to acquire tokens on the Amun DeFi platform. We strongly recommend MetaMask.
What tokens can I use to mint?
Minting DFI requires wETH (wrapped Ether). You can pay with ETH, and the Amun platform will wrap it for you for a small fee (paid to the Ethereum network, not Amun). Swapping however can be done with any of the listed ERC-20's, though fees may be slightly higher for doing so. We recommend swapping from ETH to get the best possible rates.
Why do I need to approve the spend of my funds? Isn't that what sending funds to the smart contract does?
Not quite. This is actually a safety feature built into Ethereum to ensure that a smart contract does not drain more of your funds than intended, in the event of a hack. However, this is only true if the user specifies a spend limit. We highly recommend this as a good practice, though it means you will need to pay additional gas if you wish to send more funds at a later time.
Who are the team members behind the project?