DefiDex

Zem Finance's first index token expansion

As of writing, DefiDex is planned to be Zem Finance's second product launch. It will encapsulate the entire Defi industry from all different blockchains: Ethereum, BSC, Polygon, Solana, and more.

The growth model for this index token is that as Decentralized Finance evolves through innovation and increased capital efficiency, so will the index token grow. We are adjusting token weightings and allocations to fit that model as best as possible. There are also many new DeFi products and tokens which spring up through innovation which we will allocate a smaller percentage of the index to capitalize on the high growth potential in those areas.

Current Status

Currently, we are securing funding from our partners for our token allocations. Most smart contract work is being reused from our MemeDex work with adjusted values.

The important thing here is the basket of tokens behind the index. A lot of our manpower is allocated here to make sure we get it right. DeFi as a whole is the second biggest industry in crypto behind typical L1s, therefore there is a large amount to consider. We're also working with our connections outside of our team to perfect this as much as possible before we even consider launching.

If you have read our ethos, you would understand we are product first above all else. Therefore, our product takes massive priority over launch dates and growth metrics. We hope to make the investors that made, and support Zem Finance, happy above all else.