First Ever Polygon Ecosystem Index Token

　　Polygon keeps on being a considerable power in DeFi. The convention's convenience and lower charges have been significant draws for engineers, prompting a wide assortment of new undertakings springing up on the stage.

　　In the mean time, the people over at Amun Tokens are chipping away at DeFi index tokens left and right. In June, the stage declared the dispatch of two index tokens, $DFI and $DMX, occupied with the Ethereum ecosystem. Given Polygon's expanded presence recently in DeFi, it was inevitable before the group at Amun released a Polygon-based token too.

　　That opportunity has arrived, as Amun reported today their most recent token made a beeline for pre-sale: PECO. This token hopes to exemplify the best and most brilliant ventures being based on Polygon.

　　Amun delivered their Medium post declaring PECO today as a team with the Polygon Foundation and driving Polygon projects. The Foundation is giving $5M in MATIC tokens to seed the index's dispatch, as per the Medium post, and many driving undertakings are giving seed funding to liquidity.

　　The token at first dispatches on October 19 and will begin with half MATIC until the organization develops further. Convention tokens make up the excess half.

　　As the Polygon network develops and creates, the PECO portfolio will be rebalanced month to month. PECO will be accessible on both Polygon and Ethereum, and early members can acquire up to an extra 30% extra tokens in the pre-sale by means of airdrop.

　　The Amun whitepaper refers to the requirement for versatility in DeFi and hopes to give ERC-20 tokens that address an index of the top DeFi tokens accessible.

　　Earlier in the year, Amun unleashed DeFi index token $DFI, aimed to give investors exposure in “blue chip DeFi projects.” This allowed consumers to come to one token for a wide exposure of DeFis biggest coins, without incurring individual swap costs. Additionally, Amun released their DeFi Momentum Index, $DMX, which seeks to automate weights based price momentum calculated by a relative strength index. This index sought out momentum riders who “missed out on the last bull run.” Both indices were initially composed of eight tokens per index.

　　Amun is working out a wide expansiveness of DeFi openness during what is by all accounts an optimal time. A Bank of America report this week refered to DeFi's development and to a great extent undiscovered potential, and Polygon and it's ensuing stages have been gigantic development drivers in DeFi.

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