{"type": "project", "title": "Polylastic", "logoImg": "bafkreidwyilrgvt5dpi2o5dfympplrvkfqnouktu6kujbuo2an5qsczbgm", "website": "https://polylastic.io", "bannerImg": "bafkreigddhw7ubqup3p4plyswa6pennhj3pm6bmhzyfd2qbg6pgw44hkim", "createdAt": 1705204636114, "userGithub": "Polylastic-POLX", "credentials": {}, "description": "Polylastic, powered by Polygon, is a premier token that introduces a comprehensive set of digital asset indexes. POLX token holders are able to access diversified crypto portfolios and vote on various measures pertaining to the project. The indexes offered are designed to track token performance across the ever-evolving digital finance industry. So without further ado, let\u2019s take a closer look into Polylastic and examine some of the finer project details.\n\nPolylastics\u2019s Origins\n\nIn 2020, VJ Ibones was both a senior financial analyst in the world of traditional finance and a crypto enthusiast. During this time, an abundance of new cryptocurrencies were released in the digital asset space. VJ quickly realized there was a business need in this market as gaining access to these diverse assets was not simple. With so many options suddenly available, a lot of thought and research was required to decide the most beneficial trades. After months of planning and with the help of prominent advisors, VJ decided to launch a cryptocurrency index project. Its mission would be to increase accessibility to the cryptocurrency market for all traders and offer different options depending on risk appetite.\n\nIn early 2021, the plan commenced and a diverse team of directors and advisors were assembled. Polylastic came to life in April of 2021 and was very well received by the crypto community. Early the following year, Polylastic migrated to the Polygon network. Due to advanced technology, layer-2 solutions, low transaction fees, speed of transactions, and robust plus growing ecosystem.\n\nWhat is Polylastic?\n\nPOLX is a digital asset index protocol that aims to improve access to diversified crypto portfolios for people of all experience and interest levels.\n\nThe Polylastic Index is a collection of index baskets that includes but is not limited to DeFi, blue chip, and gaming. The portfolio design is based on various risk models. By entering into these indexes, users are able to broaden their exposure to the many options offered in the vast crypto market. To ensure the index is able to endure market volatility, the underlying assets of the indexes are selected by top analysts with consideration of factors such as market capitalization, volume, liquidity, and other key indicators.\n\nAdditionally, the POLX token itself offers holders a unique opportunity to contribute to a DAO-governed community index. POLX token holders may start polls and vote on items pertaining to this index such as the assets to be listed. \n\nHow Does Polylastic Work?\n\nThe Polylastic Index protocol measures the performance of the largest cryptocurrencies in relation to their predetermined categories. The Polylastic Index is operated and administered by the Polylastic team. In addition to the admin-operated Polylastic Index, a Polylastic Community Index governed and decided by a DAO, is also available. The Indexes can be accessed on the Polylastic portal.\n\nPrinciples include:\n\nLiquidity \u2014 Constituents of the index are chosen for liquidity and data reliability. Cryptocurrencies must have volume thresholds of a predetermined daily value volume.\nDiversification \u2014 Every constituent of the index must not exceed 20% or fall below 1% of the market capitalization of the Index.\n\nIndex Construction\n\nThe Polylastic Index systematically determines a cryptocurrency\u2019s eligibility in the index based on the following:\n\nTrades in USDT (Polygon network).\nCryptocurrency must meet the above principles for quarterly rebalances.\nIndex is limited to at least ten of the largest eligible cryptocurrencies by market capitalization.\nThe top ten cryptocurrencies selected are measured based on their market capitalization. The application of this logic is required for the selection of the constituents of the index.\n\nWeighted Logic\n\nAll constituents are weighted by their free-float market capitalization based on the circulating supply. Subsequently, weight caps are applied to the constituents to promote diversification.\n\nThe maximum weight for any constituent is 20% (cap) of the index\u2019s float-adjusted market capitalization. 1% is the minimum floor of any constituent of the index. If a constituent exceeds the cap, the weight will be reduced to the cap and the excess weight shall be redistributed amongst all other constituents in proportion to their weight. This process is repeated until none of the constituents have weights exceeding the cap or fall short of the floor.\n\nReconstitution and Rebalance Logic\n\nThe Polylastic Index is reconstituted and weights are rebalanced quarterly. Index weights and constituents are calculated and announced a week prior to the end of, and implemented on, the first index business day of the next quarter. The number of constituents in the index cannot exceed X. New constituents will not be added and or existing constituents removed from the index intra-quarter.\n\nThe Future of Polylastic\n\nThe last few years have been a whirlwind for cryptocurrency as projects reach new heights and new tokens proliferate in the market. Given the volatile nature of cryptocurrency, Polylastic offers something that is largely missing in the space - simplicity. Taking the guesswork out of an overwhelming process of researching countless projects to include in a portfolio is an important step as the mass adoption of cryptocurrency. As the Polygon network continues to thrive, the offering of a vast selection of Polygon-built projects in Polylastic\u2019s index will continue to gain appeal as an attractive prospect for all traders. Needless to say, the future appears to be very bright for Polylastic. \n", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "Polylastic"}
Polylastic
Polylastic, powered by Polygon, is a premier token that introduces a comprehensive set of digital asset indexes. POLX token holders are able to access diversified crypto portfolios and vote on various measures pertaining to the project. The indexes offered are designed to track token performance across the ever-evolving digital finance industry. So without further ado, let’s take a closer look into Polylastic and examine some of the finer project details.

Polylastics’s Origins

In 2020, VJ Ibones was both a senior financial analyst in the world of traditional finance and a crypto enthusiast. During this time, an abundance of new cryptocurrencies were released in the digital asset space. VJ quickly realized there was a business need in this market as gaining access to these diverse assets was not simple. With so many options suddenly available, a lot of thought and research was required to decide the most beneficial trades. After months of planning and with the help of prominent advisors, VJ decided to launch a cryptocurrency index project. Its mission would be to increase accessibility to the cryptocurrency market for all traders and offer different options depending on risk appetite.

In early 2021, the plan commenced and a diverse team of directors and advisors were assembled. Polylastic came to life in April of 2021 and was very well received by the crypto community. Early the following year, Polylastic migrated to the Polygon network. Due to advanced technology, layer-2 solutions, low transaction fees, speed of transactions, and robust plus growing ecosystem.

What is Polylastic?

POLX is a digital asset index protocol that aims to improve access to diversified crypto portfolios for people of all experience and interest levels.

The Polylastic Index is a collection of index baskets that includes but is not limited to DeFi, blue chip, and gaming. The portfolio design is based on various risk models. By entering into these indexes, users are able to broaden their exposure to the many options offered in the vast crypto market. To ensure the index is able to endure market volatility, the underlying assets of the indexes are selected by top analysts with consideration of factors such as market capitalization, volume, liquidity, and other key indicators.

Additionally, the POLX token itself offers holders a unique opportunity to contribute to a DAO-governed community index. POLX token holders may start polls and vote on items pertaining to this index such as the assets to be listed. 

How Does Polylastic Work?

The Polylastic Index protocol measures the performance of the largest cryptocurrencies in relation to their predetermined categories. The Polylastic Index is operated and administered by the Polylastic team. In addition to the admin-operated Polylastic Index, a Polylastic Community Index governed and decided by a DAO, is also available. The Indexes can be accessed on the Polylastic portal.

Principles include:

Liquidity — Constituents of the index are chosen for liquidity and data reliability. Cryptocurrencies must have volume thresholds of a predetermined daily value volume.
Diversification — Every constituent of the index must not exceed 20% or fall below 1% of the market capitalization of the Index.

Index Construction

The Polylastic Index systematically determines a cryptocurrency’s eligibility in the index based on the following:

Trades in USDT (Polygon network).
Cryptocurrency must meet the above principles for quarterly rebalances.
Index is limited to at least ten of the largest eligible cryptocurrencies by market capitalization.
The top ten cryptocurrencies selected are measured based on their market capitalization. The application of this logic is required for the selection of the constituents of the index.

Weighted Logic

All constituents are weighted by their free-float market capitalization based on the circulating supply. Subsequently, weight caps are applied to the constituents to promote diversification.

The maximum weight for any constituent is 20% (cap) of the index’s float-adjusted market capitalization. 1% is the minimum floor of any constituent of the index. If a constituent exceeds the cap, the weight will be reduced to the cap and the excess weight shall be redistributed amongst all other constituents in proportion to their weight. This process is repeated until none of the constituents have weights exceeding the cap or fall short of the floor.

Reconstitution and Rebalance Logic

The Polylastic Index is reconstituted and weights are rebalanced quarterly. Index weights and constituents are calculated and announced a week prior to the end of, and implemented on, the first index business day of the next quarter. The number of constituents in the index cannot exceed X. New constituents will not be added and or existing constituents removed from the index intra-quarter.

The Future of Polylastic

The last few years have been a whirlwind for cryptocurrency as projects reach new heights and new tokens proliferate in the market. Given the volatile nature of cryptocurrency, Polylastic offers something that is largely missing in the space - simplicity. Taking the guesswork out of an overwhelming process of researching countless projects to include in a portfolio is an important step as the mass adoption of cryptocurrency. As the Polygon network continues to thrive, the offering of a vast selection of Polygon-built projects in Polylastic’s index will continue to gain appeal as an attractive prospect for all traders. Needless to say, the future appears to be very bright for Polylastic. 

Polylastic