Polygon 💜 is Onboarding the next BILLION users into Web3
The $MATIC ecosystem exploded lately after striking partnerships with top web2 giants & institutions.
🧵 A DEEP dive into @0xPolygon, it's potential opportunities, and some key GEMS 💎 to add to your watchlist 💜
The $MATIC ecosystem exploded lately after striking partnerships with top web2 giants & institutions.
🧵 A DEEP dive into @0xPolygon, it's potential opportunities, and some key GEMS 💎 to add to your watchlist 💜
In this thread, you'll learn:
• Overview
• Quick tips
• Technology
• Partnerships
• zkEVM
• NFTs
• Tokenomics
• Underrated Gems 💎
• Overview
• Quick tips
• Technology
• Partnerships
• zkEVM
• NFTs
• Tokenomics
• Underrated Gems 💎
1/ Overview of Polygon
Polygon is a Layer 2 blockchain solution that aim to fix Ethereum's scalability issues.
These issues are low throughput, poor user experience, and no sovereignty.
Essentially, Polygon combines the best of Ethereum and sovereign blockchains.
Polygon is a Layer 2 blockchain solution that aim to fix Ethereum's scalability issues.
These issues are low throughput, poor user experience, and no sovereignty.
Essentially, Polygon combines the best of Ethereum and sovereign blockchains.
2/ Quick Tips
• Polygon is led by @jdkanani @sandeepnailwal @anuragarjun & @MihailoBjelic
• They are the🔝4️⃣ largest chain in DeFi, according to @DefiLlama
• Polygon is home to over 53,000 dAPPs. This includes those launched on Mainnet and Testnet, as per @AlchemyPlatform
• Polygon is led by @jdkanani @sandeepnailwal @anuragarjun & @MihailoBjelic
• They are the🔝4️⃣ largest chain in DeFi, according to @DefiLlama
• Polygon is home to over 53,000 dAPPs. This includes those launched on Mainnet and Testnet, as per @AlchemyPlatform
• $MATIC is listed on about 91 exchanges and 198 markets according to @coinranking
• Polygon supports two majour chains: stand-alone and secured chains.
• Polygon PoS network has processed over 1.94 billion transactions since inception.
• Polygon supports two majour chains: stand-alone and secured chains.
• Polygon PoS network has processed over 1.94 billion transactions since inception.
3/ Technology
Polygon network uses a dual proof-of-stake consensus mechanism at the checkpointing layer and block producers to achieve faster blocktimes.
Using this mechanism, Polygon achieves high transaction speed with high decentralisation & finality.
Polygon network uses a dual proof-of-stake consensus mechanism at the checkpointing layer and block producers to achieve faster blocktimes.
Using this mechanism, Polygon achieves high transaction speed with high decentralisation & finality.
Additionally, Polygon uses a solution known as plasma and rollups to make the chain faster.
The plasma chain permits Ethereum (main chain) to have multiple chains with specific functionalities.
Basically, It's a platform built for launching interoperable blockchains.
The plasma chain permits Ethereum (main chain) to have multiple chains with specific functionalities.
Basically, It's a platform built for launching interoperable blockchains.
Their architecture consists of four abstract layers:
- Execution Layer: Interprets & executes transactions
- Polygon Networks Layer: Sovereign blockchain networks
- Security Layer: Provides "Validator as a service"
- Ethereum Layer: In charge of staking, finality, etc.
- Execution Layer: Interprets & executes transactions
- Polygon Networks Layer: Sovereign blockchain networks
- Security Layer: Provides "Validator as a service"
- Ethereum Layer: In charge of staking, finality, etc.
4/ Partnerships
Polygon's BD is literally on fire.
Their recent partners are:
@Reddit @DecentralGames @Starbucks @stripe @Disney @DraftKings @Adobe @eBay @nothing @RobinhoodApp
Mark Cuban's @LazyNFTs
Top Web3 brands: @AaveAave @opensea @Uniswap V3
Polygon's BD is literally on fire.
Their recent partners are:
@Reddit @DecentralGames @Starbucks @stripe @Disney @DraftKings @Adobe @eBay @nothing @RobinhoodApp
Mark Cuban's @LazyNFTs
Top Web3 brands: @AaveAave @opensea @Uniswap V3
5/ zkEVM
In July, Polygon introduced their zkEVM - the first of its kind on a L2.
The zkEVM uses cryptographic zero-knowledge proof to offer validity and quick finality to off-chain txsn computations.
In July, Polygon introduced their zkEVM - the first of its kind on a L2.
The zkEVM uses cryptographic zero-knowledge proof to offer validity and quick finality to off-chain txsn computations.
6/ NFTs
Polygon's NFT surged in Q3 following their partnership with Reddit, Disney, Starbucks, and a few other players.
Even so, most recently, Reddit on-boarded over 3 million users to web3 via their "avatar" NFTs on Polygon.
Image: @MessariCrypto
Polygon's NFT surged in Q3 following their partnership with Reddit, Disney, Starbucks, and a few other players.
Even so, most recently, Reddit on-boarded over 3 million users to web3 via their "avatar" NFTs on Polygon.
Image: @MessariCrypto
7/ Tokenomics
The $MATIC token has a total supply of 10,000,000,000.
With the following allocations:
• 12.00% - Staking Rewards
• 23.33% - Ecosystem
• 21.86% - Foundation
• 4.00% - Advisors
• 16.00% - Team
• 3.80% - Private Investors
• 19.00% -Binance Launchpad
The $MATIC token has a total supply of 10,000,000,000.
With the following allocations:
• 12.00% - Staking Rewards
• 23.33% - Ecosystem
• 21.86% - Foundation
• 4.00% - Advisors
• 16.00% - Team
• 3.80% - Private Investors
• 19.00% -Binance Launchpad
8/ Underrated Gems 💎
Now, let's look at a few fast-growing projects I'm excited about.
In no particular order*
Quickawap
Gains Network
Clearpool
Polysynth
Meshswap
Now, let's look at a few fast-growing projects I'm excited about.
In no particular order*
Quickawap
Gains Network
Clearpool
Polysynth
Meshswap
- QuickSwap / @QuickswapDEX
QuickSwap is a next-generation DEX on Polygon.
A fork of Uniswap, QuickSwap offers a decentralization exchange experience using an AMM model for token swaps.
Built on Polygon, QuickSwap facilitates trades at a lower cost relative to other exchanges.
QuickSwap is a next-generation DEX on Polygon.
A fork of Uniswap, QuickSwap offers a decentralization exchange experience using an AMM model for token swaps.
Built on Polygon, QuickSwap facilitates trades at a lower cost relative to other exchanges.
They're one of the top projects on Polygon
QuickSwap rewards LPs with a 0.3% fee shared proportionally based on the liquidity provided.
Users can claim transaction fees anytime, and possibly reinvest them.
Image: @PolygonDaily
QuickSwap rewards LPs with a 0.3% fee shared proportionally based on the liquidity provided.
Users can claim transaction fees anytime, and possibly reinvest them.
Image: @PolygonDaily
- Gains Network / @GainsNetwork_io
gTrade is the first product of Gains Network.
Basically, It's a decentralized leverage trading platform that allows users to trade stocks, crypto, and forex.
They currently offer over 70 trading pairs across different asset classes.
gTrade is the first product of Gains Network.
Basically, It's a decentralized leverage trading platform that allows users to trade stocks, crypto, and forex.
They currently offer over 70 trading pairs across different asset classes.
Earlier in November, gTrade hit a new all-time-highs for daily users.
Users stake GNS tokens for DAI rewards paid from platform fees.
$GNS stakers get 40% of the fees from market orders and 15% from limit orders.
Users stake GNS tokens for DAI rewards paid from platform fees.
$GNS stakers get 40% of the fees from market orders and 15% from limit orders.
- Clearpool / @ClearpoolFin
Clearpool is a DeFi protocol that enables institutions to raise short-term capital while providing DeFi lenders access to risk-adjusted returns.
In short, they are a DeFi marketplace for unsecured institutional capital.
Clearpool is a DeFi protocol that enables institutions to raise short-term capital while providing DeFi lenders access to risk-adjusted returns.
In short, they are a DeFi marketplace for unsecured institutional capital.
Lenders earn pool rewards and extra rewards paid in CPOOL
Also, users can stake CPOOL tokens for up to 18.63% APR.
Currently, they have institutional lenders like Wintermute, Amber Group, Auros, FBG capitals, etc.
Also, users can stake CPOOL tokens for up to 18.63% APR.
Currently, they have institutional lenders like Wintermute, Amber Group, Auros, FBG capitals, etc.
- Polysynth / @0xPolysynth
Polysynth Protocol is a DeFi Options Vault (DOV) protocol that enables you to express your views on the market and earn in all market conditions.
With Polysynth DOVs, you can earn sustainable real yields on your investments.
Polysynth Protocol is a DeFi Options Vault (DOV) protocol that enables you to express your views on the market and earn in all market conditions.
With Polysynth DOVs, you can earn sustainable real yields on your investments.
They offer up to 51% APY on stables and structured products.
Best of all, Polysynth recently launched Fixed Coupon Notes (FCN) that provides compounded fixed yields.
Read about FCN here.
Best of all, Polysynth recently launched Fixed Coupon Notes (FCN) that provides compounded fixed yields.
Read about FCN here.
- Meshswap / @Meshswap_Fi
Meshswap is an AMM DEX that allows users to Swap, Lend, Leverage farm, and Stake using the Polygon network.
Contributors to the project receive rewards like transaction fees, MESH incentives, and token airdrops.
Meshswap is an AMM DEX that allows users to Swap, Lend, Leverage farm, and Stake using the Polygon network.
Contributors to the project receive rewards like transaction fees, MESH incentives, and token airdrops.
That's all for today. Thanks for reading.
Follow me @ViktorDefi for more alpha threadoors.
@0xPolygonDeFi
@developerayo
@TodayInPolygon
@0xPolygonDAO
@rektdiomedes
@DAdvisoor
@dennis_qian
@TheDeFinvestor
@CaesarJulius0
@0xtypejohnny
@thedefiedge
@milesdeutscher
Follow me @ViktorDefi for more alpha threadoors.
@0xPolygonDeFi
@developerayo
@TodayInPolygon
@0xPolygonDAO
@rektdiomedes
@DAdvisoor
@dennis_qian
@TheDeFinvestor
@CaesarJulius0
@0xtypejohnny
@thedefiedge
@milesdeutscher
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