Index Token

Index Token

Index Token(INT) is a crypto index token that enables users to own a diversified portfolio of crypto assets by holding one token.

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Built at HackOn Blocks 2024
Polygon: Next Top 7 Projects

Created on 23rd July 2024

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Index Token

Index Token

Index Token(INT) is a crypto index token that enables users to own a diversified portfolio of crypto assets by holding one token.

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The problem Index Token solves

Retailers can get exposure to crypto market in one token or a theme of tokens can be combined into one index token with custom weights which can be changed over time.
Currently some of the feature of Index Token Protocol are :

  1. Index token Price calcuation based on reserve assets and their weghtage. This is done using a weighted price calculation formula.
  2. Owner can rebalance token weights for Index Token.
  3. Approve and Deposit token0 and token1 as reserves to mint Index Token (INT)
  4. Also admin operations like setting new minter and updating prices of Mock tokens are also added for testing purpose.

Challenges we ran into

Figuring out financial calcualtions and implemeting them into our solidity contracts was challenging and interesting to learn at the same time.

Tracks Applied (1)

Best MVP of Polygon Cardona

The crypto index contracts i.e. IndexToken and MockTokens are deployed and verified on Polygon Cardona blockchain.
Polygon

Polygon

Technologies used

Solidity

JavaScript

Next.js

Polygon

Discussion

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