IndexZoo to Launch on the Acala EVM+, Bringing Index and Leveraged Tokens to the Acala Ecosystem
We’re excited to welcome IndexZoo into the Acala ecosystem! IndexZoo’s launch on Acala’s EVM+ will bring their index and leveraged token design to the Polkadot ecosystem, giving users long, short, and leveraged exposures to any basket of cryptocurrencies. IndexZoo has previously integrated with Polygon, Avalanche, and NEAR.
Meet IndexZoo
IndexZoo is a multi-chain ecosystem of index and leveraged tokens, built for utmost accuracy, maximum leverage, and lowest cost. With the multi-chain future taking shape, it’s becoming increasingly important to have a standardised index investment platform, allowing users easy exposure to multiple blockchains, and preparing to onboard the next wave of crypto enthusiasts.
Zoo has chosen Acala for its deployment in the Polkadot ecosystem in order to leverage Acala’s decentralized, multi-collateral stablecoin, aUSD, and the surrounding DeFi ecosystem. There are two product groups that Zoo plans to deploy, Composite Index Token and Leverage Token.
Index and Leveraged Token Design
The Composite Index Token will be a Polkadot ecosystem index that captures the top tokens by market capitalization. The Leverage Token will be long and short leveraged tokens for DOT and ACA, with up to 3x leverage. Both products will be listed on Acala’s decentralized exchange, Acala Swap, and use aUSD as the default currency for buy/sell as well as mint and redeem features. Users will enjoy easy access to the Polkadot ecosystem through holding the custodial-less composite index, and speculate/hedge against market volatility with the leveraged token for maximum capital efficiency.
In the future Zoo may explore launching NFT and Metaverse thematic indices that are suitable for the Polkadot ecosystem, and design exotic structured products such as volatility index and actively managed index for capturing alpha.
Follow the Launch
Follow the Acala or IndexZoo Twitter accounts for updates on the launch process.
If you’re a team looking to integrate aUSD, build on Acala, or apply for an Acala Grant, please get in touch with our team to chat about how we can support you.
About IndexZoo
IndexZoo is a multi-chain ecosystem of tokenized indices that gives you long, short and leveraged exposures to any basket of cryptocurrencies.
IndexZoo is founded to provide:
- The most accurate index token
- Diverse index exposure (long/short/leverage/non-linear)
- Lowest cost
Zoo is partnering with Polygon, Avalanche, NEAR and many more L1/L2s, to bring its unique index and leverage token design to DeFi, enabling long & short exposures to any basket of cryptos at high leverage, plus exotic exposures such as volatility. The next stop for Zoo is to join the Polkadot ecosystem through Acala’s EVM+ platform.
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About Acala
Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot. The blockchain has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (Acala Dollar — aUSD), a trustless staking derivative (liquid DOT — LDOT), and a decentralized exchange.
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