Overview

P10 is Paragon’s flagship on-chain index, designed to provide diversified exposure to leading crypto assets through a single token. One position. Diversified exposure. Fully on-chain.

What P10 Is

P10 is an index token that represents a curated basket of crypto assets.

Instead of managing multiple tokens:

• buy → P10

• get → diversified market exposure

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Core Design

P10 is built to be:

• user-governed → controlled via veXPGN

• transparent → fully on-chain

• scalable → suitable for both retail and institutional use

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What’s Inside P10

The index includes:

• high-liquidity assets

• top tokens by market relevance

• protocol-approved assets

👉 Examples (illustrative only):

• BTC

• ETH

• BNB

• leading DeFi assets

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⚠️ Final composition is:

• governed by veXPGN

• updated over time

• publicly visible

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How It Works

Mint

You deposit:

• USDT or a supported asset

The protocol:

• acquires the underlying basket

• mints P10 representing that allocation

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Redeem

You burn:

• P10

You receive:

• underlying assets or

• a single asset via routing

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👉 This allows flexible entry and exit.

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Execution Layer

P10 uses Paragon’s execution system to:

• source liquidity

• optimize trade routing

• improve capital efficiency

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Why P10 Is Different

Traditional index funds:

• custodial

• opaque

• slower to adjust

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Most DeFi indexes:

• static allocation

• manual rebalancing

• inefficient execution

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Paragon P10:

• on-chain and transparent

• dynamically governed

• execution-optimized

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Non-Custodial

• users retain control of assets

• minting and redemption occur via smart contracts

• no centralized custody

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Institutional Ready

P10 is designed for:

• funds

• DAOs

• larger capital deployments

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Key features:

• predictable mint and redeem flow

• transparent holdings

• auditable contracts

• scalable execution

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Rebalancing (Governed)

P10 composition is:

• governed by veXPGN

• updated periodically

• based on market and liquidity conditions

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👉 All changes are transparent and on-chain.

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Efficiency

P10 is designed for:

• optimized routing

• reduced slippage

• efficient capital deployment

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Use Cases

👤 Users

• simple market exposure

• passive positioning

• diversification

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🏦 Institutions

• deploy capital in a single transaction

• reduce operational complexity

• maintain transparent allocation

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🧠 Advanced Users

• integrate with farming

• combine with execution strategies

• use alongside automation tools

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⚠️ Risks

• market volatility

• performance of underlying assets

• index composition changes

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👉 P10 simplifies exposure, but does not eliminate risk.

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Summary

P10 allows users to:

• enter diversified positions in one step

• maintain exposure to key assets

• manage positions efficiently

P10 is a fully on-chain index designed to provide transparent, diversified, and scalable market exposure.