-->
bitcoin

Polylastic to Build on Polygon, as It Expands Its Reach

A New Frontier: Building Toward the Future

What does moving to the Polygon network mean for Polylastic and POLX investors?

For one, Polygon’s advanced technology aims to improve blockchain scaling and interoperability. Its increasingly popular Full-stack scaling solution serves as a key factor in the effort to encourage mass adoption of cryptocurrencies, as it provides tools to create scalable dApps that prioritize security, performance, and practicality. With its low transaction fees and quick transactional speed such as the ability to process tens of thousands of transactions per second, Polygon offers a very user-friendly experience while backed by vital utility. Additionally, the Polygon network offers access to a robust and substantially growing ecosystem.

This move will also be hugely beneficial to our index considering that Polygon (MATIC) supports an array of brilliant projects that will be featured in the index.

An Expansive Approach

Polylastic is an ecosystem aggregator, identifying Polygon projects that are gathering momentum, building communities, and gaining a position in the marketplace in order to put a needed spotlight on them. To that end, it creates a rallying point where proponents can offer quantifiable support in order to have these initiatives listed on the index. The company believes that this can ultimately create stability in the greater Polygon habitat and help fortify the position of young projects by grouping and locking their tokens with contributors who have the long-term goals and results in mind. Once there are indexes i.e. groupings of Polygon alts locked in smart contracts, Polylastic believes that the collective value of these volatile tokens can be leveraged. The saying, “what can’t be done alone can be done together,” comes to mind as Polylastic wishes to explore the possibility of minting Ethereum against these assets or allowing a given basket of assets to have lending and borrowing power. In due course, the Polylastic Index will have multiple versions and different risk profiles. Loan to value ratios for a given lineup of Polygon altcoins may be established to allow “hodlers” to find additional earning power by simply holding their positions.

About Polygon

Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 1200+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Website | Twitter | Ecosystem Twitter Studios Twitter | Reddit | Discord | Telegram | Instagram

About Polylastic

Polystatic

The Polylastic (POLX) Index is designed to track token performance within the ever-evolving Digital Finance industry. Our index will include elastic cryptocurrencies, seigniorage tokens, algorithmic stablecoins, cash systems, and whatever comes next. The index is weighted based on the value of community support measured by the number of stakers, as well as the market cap of the token. POLX is a deflationary, fee-earning token used for governance and weighting indexes according to delegated stake. As the index performs its high-tech functions and earns fees from growth, part of the revenue goes towards purchasing the token on the open market while removing it from the total supply indefinitely. As the DeFi space advances, the POLX token becomes more scarce and valuable.

Website | Twitter | Telegram | Medium | Reddit | Discord | Facebook | Instagram

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also

bitcoin

IRENA Green Energy Coin

Pilot studies of our IGE software, which can be downloaded to electric cars, will be …

Leave a Reply

Your email address will not be published.