Poly Pulse #1 - Welcome to DeFi Pulse's new Polygon newsletter!
We are launching a brand-new newsletter called Poly Pulse, your one-stop shop for all things related to Polygon!
Howey farmers! We’re excited to introduce what is the first of a series of newsletters to dive deep into the Polygon DeFi ecosystem. The DeFi future is modular and so is our newsletter, so we’re launching Poly Pulse as a section inside DeFi Pulse Farmer!
The cool thing about it is that you can control your email notification for them separately! I would love to have you subscribed for both, but if you want to turn off your email subscription for one of them, feel free to do it on your substack account settings:
But for now, give it a chance! I’m sure you’ll find valuable information and special alphas 👀
So relax, and have a good read! - Definn
Welcome to Poly Pulse Farmer - your guide to staying up on the latest and best trends in yield farming and beyond in the Polygon ecosystem.
This newsletter breaks down top stories, developments, and trends from the past week in tandem with two key farming opportunities to keep an eye on.
If you are a humble farmer looking to learn more about Polygon’s DeFi opportunities or even if you are a seasoned $MATIC farmer, this newsletter is the best place to find the opportunities.
Per its strategic focus and with its billion-dollar fund for ZK-based solutions, Polygon added Maiden, a STARK-based, EVM-compatible rollup, to its suite of scaling solutions.
The move follows Polygon’s recent acquisition of the Hermez rollup and consolidates its position as an early powerhouse of ZK rollups. ZK-based scaling solutions can provide an ideal avenue for transmitting money in an efficient and secure manner and will help to onboard enterprise solutions to the Polygon scaling suite going forward.
Earn over 45% farming $GHST on Polygon.
Aavegotchi is the biggest community on Polygon and @aavegotchi and is the sixth most popular DAO on @SnapshotLabs out of 1860 spaces, just behind @AaveAave. Due to its success, Aavegotchi has a GHST-USD chainlink price feed which massively increased the potential and composability of GHST in DeFi.
Interested in joining in on the GHST action? Below is a yield farm involving 5 different protocols that demonstrates the awesome composability of Polygon.
Farming GHST QiDAO<>BAL<>CRV<>Beefy<>Market
Steps:
Create a GHST vault on QiDAO and borrow MAI. Sell Qi Rewards for more GHST to increase the borrowing limit.
Swap MAI for either of USDT / USDC / DAI on Balancer’s stability pool
Supply stables in Curve Finance’s aCRV pool.
Supply a3CRV LP token to the ma3CRV Pool on Beefy Finance
Deposit the ma3CRV LP token as collateral to market.xyz and borrow MAI
Supply/lend stablecoin assets in the dual asset LP isolated pools in Impermax protocol for up to 20%.
The idea with this yield farm? Your deposits are used by other yield farmers indulging in leveraged farming for higher yields, but also a higher risk of liquidation.
Learn more about Impermax Finance!
The first FLI is available on Polygon! After the tremendous success on Ethereum’s Mainnet, Pulse.inc’s Flexible Leverage Index (FLI) methodology was launched for the first time on Polygon by the Index Coop!
Polygon has submitted a proposal to deploy Uniswap on its PoS sidechain. The Uniswap community approved the proposal, and we soon anticipate the popular DEX being deployed on Polygon accordingly.
Slingshot, a project deployed on Polygon and Arbitrum, is planning to do an NFT drop. Slingshot is a trading platform and doesn’t have a token yet. Follow Slingshot on Twitter to learn more about the NFT drop.
Polygon welcomes developers from around the world to BUIDL on it! Here are the top seven reasons why:
Infrastructure Support: Polygon has been a go-to scaling solution for developers. We have taken that a step further by partnering with more tooling projects. Now you can use decentralized cloud storage on Akash Network, RPC providers, and special developer packages on Tenderly, Gelato, Certora, and many others.
Access to PolyBuilders: Tap into an internal group of Polygon developers, Discord partners, etc., to discover synergies and get assistance in cross-collaboration with other teams.
Technical Assistance: Ask in-house developers for advice, trouble-shooting, and best practices on dedicated Telegram channels.
Analytics Support: Make the most of Dune Analytics dashboards to understand your users better. Our community has already created many dashboards, and Dune Analytics extended their support by launching a bounty program for all Polygon projects. Read more here.
VCs & LPs: Leverage one-of-a-kind venture capital support and incubation, Polygon’s investor network, liquidity providers, and market-maker partners.
Marketing Support: Give your message a greater reach in all regions with Polygon’s official media partners channels, AMAs, Twitter Spaces, and more. You can also access our global expertise network that includes ventures, universities, etc. In addition, the wider Polygon community via Polygon Ecosystem DAO recently partnered with Crea8r DAO. Projects can now benefit from top content creators too. Read more here.
Security Audits: Get discounts on security audits from top industry partner firms, show users your commitment to security doesn’t have to break the bank, and the Polygon ecosystem is here to support.
You can also read why developers are choosing @0xPolygon, over other solutions here.
The Polygon Foundation firmly believes in the decentralization of the blockchain. Both as a source of legitimacy for the work carried out daily by all those who build and use its services, and as an engine for the expansion of a sustainable, usable, and fair ecosystem, in which the creation of value continues uninterrupted.
For these reasons, the Polygon Foundation believes that the establishment of the Polygon Ecosystem DAO is fundamental. Not only as a meeting point for participants of the ecosystem, but also as a support for all projects that create solutions in various areas that make Polygon blockchain the ideal platform to build on. Including DeFi, NFT, tooling, and DAO applications.
To help this initiative, the Polygon Foundation will seed the Polygon Ecosystem DAO treasury with a sum equal to 1M USD, which allows the DAO to support the most promising projects applying for a grant.
The Polygon Foundation wants to act as a trailblazer for all the other projects looking to support the actions of the Polygon Ecosystem DAO and the growth of the future ecosystem protagonists.
The future is in the hands of the creators and all those who support their ideas.
Polygon is working towards building an all-inclusive ecosystem and ensuring all the help that is needed for any project to deploy on it. There are new projects and developments that are happening everyday and this newsletter will help you be updated in the context of farming opportunities, developer opportunities and how the ecosystem is evolving. Stay tuned, subscribe, we will have many updates coming your way!
All info in this newsletter is purely educational and should only be used to inform your own research. We're not offering investment advice, endorsement of any project or approach, or promise of any outcome. This is prepared using public information and couldn't possibly account for anyone's specific goals or financial situation. Be careful and keep up the honest work!