Polylastic

The Polylastic (POLX) is an index that tracks the token performance in the Digital Finance Industry. The index is based on the numbers of stakers and market cap of the token. According to its whitepaper, the price tracking websites of cryptocurrencies cannot stay up to date because of changes in supply and pricing patterns. Due to this, many traders lack the insight to strategize their portfolios optimally, and users need a way to analyze risk management within the crypto market. To solve this problem, Polylastic aims to offer various indexes based on risk models, aiding in assessing their various risk appetites. Index investing streamlines broadening the exposure to a wider crypto market.

The project indexes track the progress of the entire digital finance space. Polylastic offers broad exposure through the native token of the project called POLX. Polylastic captures the growth of the strongest participants in the space by staking POLX and Liquidity Pool (LP) tokens, thus offering an entirely new index for the users. Liquidity provider tokens or LP tokens are the tokens issued to liquidity providers on a decentralized exchange (DEX) that run on an automated market maker (AMM) protocol. Users can invest in bright projects with strong communities by delegating stakes to supported projects. By properly aligning community and project rewards, a dynamic, scalable percentage of every transaction is collected and redistributed to holders.

There are two staking pools: POLX and Liquidity Pool (LP) . The POLX token is used for governance and weighted indexes according to delegated stake. As the DeFi space advances, the POLX token becomes scarce and valuable. Liquidity providers are rewarded appropriately for their contributions to index health by staking their POLX LP tokens. In this way, POLX captures innovation, community sentiment, and the DeFi space's pulse.

The Polylastic team involves VJ Ibones as marketing director and founder, KD Likakis as strategist, Brandon Xavier as business developer, Niko Sairanen as technologist, and various advisors.