The POLX token is a deflationary, fee-earning token used for governance and weighting the index according to delegated stake. As the index performs and earns fees from growth, 100% of revenue goes toward purchasing the token on the open market, and removing it from the total supply forever. As the EFi space advances, the POLX token becomes more scarce.

Primary Features

• Polylastic is pegged to the total EFi market cap (EFM)
• The EFM is a unique number available through Polylastic
• Polylastic is, at launch, composed of pre-selected qualifying projects
• Polylastic will reflect a ratio of this number (to be finalized post-launch)
• A percentage of TX fees will be returned to the project’s locked liquidity pools
• Subsequent rewards generated will be distributed to holders

The goal of Polylastic is to serve as one of the most frequently observed and followed indices in the cryptocurrency space, as well as the definitive measure of the overall health of elastic cryptocurrencies.

At launch, the tracked projects will be determined by the Polylastic team. Additional projects may be identified by the team, through governance as well as on an application basis.

As it stands now, a project’s weight is determined by the following components:

• The project’s total market cap
• The project’s stake of community delegated POLX tokens in the smart contract

Polylastic: The Aggregator of the Future

The Polylastic “big picture” is to curate, track, demystify and represent the world of Elastic Finance through the Polylastic aggregator and its native token, POLX. We will remain firmly above the fray of pure trend chasing as governance functionality and a proprietary staking/voting system will be implemented in order to track the true pulse of this rapidly growing ecosystem. Polylastic is wholly speculative in nature—seeking the very best in seigniorage, bonds, DeFi, cash systems— i.e. any of the growth tokens of this brave new world, wherein systems accrues fees and excess collateral down to the elastic synthetics, perhaps poised to redefine the world of decentralized derivatives. To wit, EFi tokens that are able to demonstrate demand and support via POLX’s “skin in the game” participation in order to warrant inclusion and determine weight. This will be achieved through a first-of-its-kind staking proposition as well as a proprietary tiered-taxation structure. Polylastic offers something new technically in a burgeoning market; attempting to harness the very best of this emergent sector and transitively speaking, realize significant growth for the POLX token.

Polylastic: An EFi Aggregator

Polylastic, is a synthetic asset which represents a weighted basket of qualifying EFi tokens that participate in our ecosystem—a procured, collective cap of what best represents the space. The ratio or weight is determined through a proprietary blend of market cap and sentiment; a hybrid, inspired by the quadratic funding model. Quadratic Funding, simply put, utilizes a matching pool for investment that favors community support over total investment. The greater the number of active supporters, not the amount of funding received is the chief metric in determining how much a matching pool will contribute to a given investment. Polylastic will list tokens using a community anchored weighting system to not only reflect community support but also to allow participants to realize the potential upside of projects that may be smaller in cap but strong on sentiment.

To date, there have been myriad elastic token projects which were not earnest in their desire to raise the integrity of these unique assets. Though this exploitative period is largely in the rearview, the Polylastic aggregator must truly be reflective of the growth of the sector. Therefore, we have criteria which must be adhered to in order to gain participation. Additionally, at the time of this write Ampleforth comprises an outsized percentage of the total market cap. As an aggregator targeting a burgeoning space, less mature, speculative assets are to be welcomed.

Polylastic, at its core, is “risk on” where users, aware that EFi projects may or may not blossom as anticipated, are hoping to gain exposure to the space on the whole via the singular POLX token.

Polylastic's aim is to be a “best of breed” aggregator—naturally, this price will fluctuate creating states of disequilibrium that will be reconciled. The business logic of the contract ensures that the expansion and contraction of supply accurately represent the collective market cap of the “indicized” elastic tokens.

Note: At the time of this writing, tokens with adjustable supply tokens include, but will not be limited to, Seigniorage, cash systems, derivatives, DeFi primitives and rebasing projects.

Polylastic will be responsible but will not attempt to ameliorate risk. The intention is to best approximate the actual growth of the sector and our criteria, stringent though it may be, is anything but riskless as protocols must be adhered to in order to gain acceptance. Effectively though, POLX will be a single source provider where users can gain exposure to the existing and growing number of EFi projects.