SOLI — The Solana Ecosystem Index Token — Launch Details
Amun is excited to announce the launch of the Solana Ecosystem Index — SOLI. Launching on StarLaunch on February 8th, with trading on Raydium following on the 9th, SOLI provides investors with a low cost, automated, and easy way to gain exposure to the native applications built in Solana’s ever expanding ecosystem.
SOLI Token Weighting
At launch, SOLI will consist of five Solana-native projects; these tokens were included based on the “Inclusion Criteria” section below. In the future, a vote can be taken to change the “Inclusion Criteria”.
Solana’s SOL token will account for 33% of SOLI. Rather than simply using SOL; SOLI uses Marinade Finance’s liquid staking token, mSOL. As a staked version of SOL, mSOL captures 6% APY in Solana staking rewards, making SOLI a unique index product: it offers both yield and growth in a single token.
SOLI’s starting composition begins with the following projects:
SOLI Launch Schedule
StarLaunch was chosen as the launchpad for our token. They are a unique and dynamic incubator and launchpad, connecting promising Solana projects to early supporters and a network of key partners. The StarLaunch team operates by prioritizing its community first. StarLaunch brings thoroughly vetted projects to its community and protects IDO participants with an in-house insurance program.
View launch timeline in their blog here.
Inclusion Criteria and Rebalance Info
For inclusion in the index, projects must meet and uphold the following criteria from out GitBook:
- Must be native to Solana’s network, and also contribute to it
- Must have launched on Solana mainnet for a period greater than 2 months
- Must have organic adoption in both liquidity and market cap
- Must have sufficient DEX liquidity. Currently defined as a single LP larger than $3 million
These constituents will be re-evaluated on a monthly basis, and as Solana’s ecosystem scales and expands, this composition may change.
How To Buy SOLI
Amun makes buying and minting SOLI a one-stop shop process. Simply visit amun.com, connect your wallet to Solana network, and then select SOLI — you will be guided on the swap/mint process. Now you have a holding which provides exposure to the Solana Ecosystem.
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