Discover and read the best of Twitter Threads about #PolygonDeFi
Most recents (2)
$MATIC is Burning 🔥 🔥
In the last 3+ months, the network has burnt over 750,000+ tokens.
If you want to know what this means for the future of your MATIC bags, read on:
In the last 3+ months, the network has burnt over 750,000+ tokens.
If you want to know what this means for the future of your MATIC bags, read on:
With the launch of the much-awaited EIP-1559 in Jan 2022, the Polygon network is expected to burn around 0.27% of MATIC’s supply every year
If you don't know
EIP-1559 is a novel mechanism first introduced on Ethereum that facilitates the burning of transaction fees
Currently
If you don't know
EIP-1559 is a novel mechanism first introduced on Ethereum that facilitates the burning of transaction fees
Currently
At the circulation supply of 7.8 billion MATIC …
Almost 1 in every 3000 tokens are getting burnt.
Prior to this feature…
MATIC already has a hard cap of 10 billion tokens on its supply.
And now it’s become deflationary as well.
What does this imply?
Almost 1 in every 3000 tokens are getting burnt.
Prior to this feature…
MATIC already has a hard cap of 10 billion tokens on its supply.
And now it’s become deflationary as well.
What does this imply?
#LiquidStaking Week 1
Liquid Staking is one of the most innovative developments in #DeFi. This week we explore it with @ClayStack_HQ.
Read through to explore revenue-generating opportunities!
A thread (🧵)
[1/5]
Liquid Staking is one of the most innovative developments in #DeFi. This week we explore it with @ClayStack_HQ.
Read through to explore revenue-generating opportunities!
A thread (🧵)
[1/5]
What is #LiquidStaking?
Staking in its current form requires users to lock their tokens for a certain period of time, due to which they lose much-needed #liquidity. Liquid staking protocols enable the issuance of liquid tokens to solve this problem.
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Staking in its current form requires users to lock their tokens for a certain period of time, due to which they lose much-needed #liquidity. Liquid staking protocols enable the issuance of liquid tokens to solve this problem.
[2/5]
Why do you need liquid tokens?
These tokens (csMATIC in the case of @ClayStack_HQ) are #yield-generating #tokens that represent the underlying stake.
So users get the dual benefit of staking rewards and also the opportunity to compound their yields on #Polygon's DeFi.
[3/5]
These tokens (csMATIC in the case of @ClayStack_HQ) are #yield-generating #tokens that represent the underlying stake.
So users get the dual benefit of staking rewards and also the opportunity to compound their yields on #Polygon's DeFi.
[3/5]
