An Update on Distribution of Staking Token Rewards

In 2019, as part of the Matic Network (now, Polygon) token distribution, 12% of the MATIC token’s total supply was allocated for staking rewards to be released over a five-year period. Now that two years have passed, a report is being shared on the progress seen in the Polygon PoS network so far and an … Read more

Incentive-Driven Community Dex, Dystopia, Brings ve(3,3) to Polygon’s DeFi Ecosystem

Dystopia, a decentralized exchange (DEX) designed to offer improved emissions and incentive mechanisms, is launching on Polygon. The platform is the first DEX on Polygon to use the ve(3,3) model and provides users with a seamless swap experience for both closely correlated and non-correlated asset pairs at a nominal 0.05% trading fee. The platform enables … Read more

Kronos DAO Is Coming to Polygon to Bring DeFi 2.0 to the Masses 

With over 1.7 million governance token holders and an aggregate of $10.5 billion in total treasury holdings, 2022 is quickly becoming the year of the DAO. Among those leading the charge is Kronos DAO, the Klaytn network’s first and largest DeFi 2.0 protocol. Now, Kronos is coming to Polygon. Kronos DAO is the first decentralized … Read more

Ethereum post-merge staking rewards will likely be lower than anticipated

Ethereum’s(ETH) transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism — the so-called Merge — will not happen in June as many have predicted. As reported by CryptoSlate on April 14, Ethereum core developers will not yet be ready for the merge before the end of the third quarter. The highly-anticipated merge will mark … Read more

DeFiForAll: What NFTs Can Do for DeFi

When it comes to real world use cases of blockchain technology, decentralized finance (DeFi) and non-fungible tokens (NFTs) are the undisputed core pillars of Web3. But as activity for both has come down from recent peaks, the question is whether the key to sparking new growth lies at the intersection of the two communities. The … Read more

Polygon Welcomes Over 1 Million New DeFi Users from Meshswap 

Meshswap, an automated market maker (AMM) based decentralized exchange (DEX) protocol — is going live on Polygon later this month. Meshswap will bring more than 1 million users to the Polygon network, in addition to a supply of liquidity, and an initial airdrop of 1,500,000 MESH to Polygon’s MATIC and vKSP holders.  Meshswap provides users … Read more

Ether Capital Corp. bets big on the Merge by staking ETH worth $31.7 million

As the day draws nearer for Ethereum‘s main chain to be merged with its staking ‘Beacon’ chain, entities are gradually increasing funding allocation to the same in a bid to eventually be in control of Ethereum’s validation mechanism. In a move towards the same, Canada-based investment company Ether Capital Corporation has allocated a further 10,240 … Read more

Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products

Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%. Idle DAO … Read more

PlotX Secures $5 Million in Funding Grant Led By Polygon, Hashed To Expand Play-To-Earn Ecosystem; Launches Staking Program

The new capital comes as PlotX, a GameFi Ecosystem, continues to expand on Polygon, growing at 144% month-over-month PlotX, a gaming dapp built on Polygon, today announces closing a $5 million pre-Series A funding round and grant led by Polygon & Hashed. PlotX is already one of the fastest-growing GameFi ecosystems on Polygon and this … Read more