Amun DeFi Tokens — Two New Ways to Get One Click Access to DeFi
Amun is excited to be launching two new crypto token products: the DeFi Index Token (DFI) and DeFi Momentum Index (DMX). Both are standard ERC-20 tokens that represent an index of top performing decentralized finance protocols in the Ethereum ecosystem. DFI and DMX tokens are available for purchase today on Amun.com, Zerion, and Uniswap.
DeFi is crypto’s most vibrant ecosystem with over $50 billion in total value locked and hundreds of projects spanning lending, borrowing, exchanges, and more. DeFi’s dizzying pace of change also makes it a challenge for investors. New projects are constantly hitting the market and scams are sadly a frequent occurrence.
Amun’s mission is to make buying crypto easy, safe, and efficient. Our first two token products — DFI and DMX — provide investors with broad exposure to the Ethereum DeFi ecosystem in an easy, automated, and cost efficient manner.
DFI
The DeFi Index Token (DFI) is the easiest way to gain exposure to blue chip DeFi projects. It selects the top eight DeFi projects by market capitalization and allocates them equal-weight in the index. Because the pace of innovation in DeFi is far greater than traditional finance, upstarts often surpass incumbents in weeks rather than years. By being equally weighted, DFI captures more of a protocol’s growth phase compared to market weighted indices. DFI is rebalanced monthly to lock-in gains and is fee free until 2022.
Characteristics
- Number of tokens: 8
- Format: ERC-20
- Allocation weight: equal-weight
- Rebalance frequency: monthly
- Fee: free until 2022, 1% thereafter.
- Contract address: 0xA9536B9c75A9E0faE3B56a96AC8EdF76AbC91978
- Where to buy: Amun.com, Uniswap, Zerion
Constituents as of June 23nd:
DMX
Finding the next project that’s about to “moon” is one of the most lucrative but time consuming tasks of crypto. Amun’s DeFi Momentum Index (DMX) is designed to automate this process by automatically allocating based on price momentum calculated using the relative strength index. DeFi protocols with the eight highest momentum factors are selected and allocated equal-weight. In bull markets, DMX acquires tokens with the strongest price action while in bear markets, DMX shifts its allocation to include stablecoins for downside protection. Holdings may enter or leave the portfolio daily. Portfolio weights are rebalanced monthly.
Characteristics
- Number of tokens: 8
- Format: ERC-20
- Allocation weight: equal-weight
- Rebalance frequency: daily for new names, weight rebase monthly.
- Fee: free until 2022, 1% thereafter.
- Contract address: 0x1660F10B4D610cF482194356eCe8eFD65B15bA83
- Where to buy: Amun.com, Uniswap, Zerion
Constituents as of June 23nd:
Wheel of Token
To celebrate the launch of DFI and DMX, we’ll be giving away $100,000 of popular tokens such as ETH, UNI, and COMP. The contest will be in the format of a “Wheel of Token” — spin the wheel and win whichever token it lands on! All wallets that hold DFI or DMX for 30 days or longer are eligible to enter.
Resources
To learn more about Amun’s tokens, check out our Gitbook and whitepaper. If you have any questions or feedback, we’d love to hear from you. Join our community on Discord, Telegram, or Twitter.
DFI and DMX are our first DeFi token products and we have a lot more coming. We can’t wait to share with you what we have in store for 2021!
