Poly Pulse #2 - Uniswap V3 is deploying on Polygon
Also read about the first set of grants given by the Polygon Ecosystem DAO.
Welcome to Poly Pulse - your guide to staying up to date on the latest trends in the Polygon DeFi ecosystem.
This newsletter breaks down top stories, developments, updates, and trends from the past week, along with a farming opportunity.
Whether you are a newbie who has just entered the DeFi ecosystem or someone who wants to keep yourself updated, this newsletter is the best place to stay ahead of everyone.
Among various project launches and news, the most prominent was the acquisition of @MirProtocol, a groundbreaking Zero-Knowledge Proof startup in a $400M deal. Polygon Nightfall is also deployed on Ropsten testnet on Ethereum to provide low-cost, private Ethereum transactions with a focus towards Enterprise adoption.
Another great news for the DeFi folks is the approval of the governance proposal, the final check before Uniswap V3 will deploy on Polygon. Within the next few days, we would see this deployment taking shape. Uniswap processes over two billion dollars worth of trades daily, and with the benefits of low fees and faster transactions, the majority of the volume will move to Polygon.
Build the next web3 unicorn in India with Polygon LEAP 2021 Accelerator:
To facilitate the growth of the startup ecosystem, Polygon, along with Lumos Labs, an innovative management startup, have come together to launch PolygonLEAP 2021 Accelerator. This accelerator will also include leading global investors Lightspeed, Elevation Capital, Woodstock Fund, Sino Global Capital, Jump Capital, and Buidlers Tribe, joining as investment partners and mentors to the accelerator.
With the aim to multiply the growth of the blockchain startup ecosystem, the program invites prime movers and builders to join the community by building decentralized solutions in the Polygon ecosystem.
The registration process of this accelerator started on December 8, 2021, and is open till the following year. The last date to register is February 4, 2022.
For more details, you can check their blog post.
After receiving $1M from the Polygon Foundation, the first set of grants have been disbursed to six projects building on Polygon. These projects include @Copper, @Xriba, @QiDao, @Optyn, @Gains, and @Tetu. The grants are milestone-based and will be released based on the performance of the projects. If you plan to build on Polygon or currently are on Polygon, you can also apply for a grant to the DAO via their application form.
If you want to have a deeper look into the grant evaluation and granting process, you can check the Polygon forum and decide for yourself if you wish to apply to the ecosystem DAO for a grant.
Get 12% with your wETH, USDC, and DAI through Idle and Harvest Finance Strategy:
Step 1: Deposit wETH / USDC / DAI in Idle Finance’s Polygon Vault:
Step 2: Deposit your Idle Finance vault tokens on Harvest Finance to enjoy boosted APY.
Step 3: Sell wMATIC and miFARM tokens to acquire more underlying assets and repeat steps 1 to 2 to maximize yield and achieve the 12% APY.
A strategy by: https://twitter.com/yjn58
Tetu, a next-generation yield management platform, is providing high single-side yields by offering auto- folding strategies on Aave to:
✅ Protect you from impermanent loss; and
✅ maximize yield
If you are sitting on USDC or unused wETH or wBTC, you can head over to the platform and start earning.
Polygon has been working on creating an ecosystem where the projects are nurtured right from the start, and they get all the help needed by them for their growth. The PolyBuilders group created by the team boosts the cross collaborations amongst teams building on the Polygon chain.
These collaborations enable true composability, not only from the tech side but also from the host of interactions amongst the team. Some new projects and developments are happening every day. This newsletter will help you update yourself in the context of farming opportunities, developer opportunities, and how the ecosystem is evolving. Stay tuned, subscribe, and we will have many updates coming your way!
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