Pony Finance

PONY Index is a multi-chain stable coin index composed of multiple fully-collateralized stable coin vault tokens.

## Overview Pony Finance operates a stablecoin index mechanism designed to aggregate multiple fully-collateralized stablecoin vault tokens into a single composite asset. The PONY Index functions as a multi-chain infrastructure layer that bundles exposure to different stablecoin vaults, each backed by specific collateral reserves. This approach addresses a structural challenge in decentralized finance: the fragmentation of liquidity across multiple stablecoin implementations and the risk concentration that emerges when users hold single-issuer stablecoins. The tool exists because the stablecoin