Polygon πŸ’š Profile picture
May 2 β€’ 5 tweets β€’ 4 min read
#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]
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.

[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]
How to take advantage?

1. Users can visit the website: app.claystack.com/stake/polygon
2. Users can stake their $MATIC tokens on the #PoS Chain itself to get csMATIC.

Note: csMATIC is a value-accruing token that represents your staked $MATIC and its value increases wrt $MATIC.

[4/5]
Apart from being a value accruing token, as @ClayStack_HQ expands its base on #PolygonDeFi, it will have more rewarding use cases.

Follow @0xPolygon for regular updates as we sail through the month with more platforms and opportunities on #LiquidStaking.

[5/5]

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More from @0xPolygon

May 3
Polygon is pleased to announce the availability of @API3DAO's #QRNG - a public good Quantum Random Number Generation service for #Web3.

What is it? How does it differ from existing solutions? And how do devs access it?

Read on to find out!

A thread (🧡)

[1/7] Image
What is the #API3 Quantum Random Number Generator?

Numbers are randomly generated using real-time quantum fluctuation measurements at @ourANU’s Quantum Optics Group.

@API3DAO’s QRNG allows smart contracts to request this service via a first-party blockchain oracle.

[2/7]
How does #QRNG differ from existing Web3 RNG?

QRNG is a method of random number generation based on quantum phenomena.

Quantum randomness is referred to as β€˜true’ as the mechanic of generation leans into Quantum Theory - it's not susceptible to prediction.

[3/7]
Read 7 tweets
Apr 22
1/5 *Super* excited to introduce #PolygonSupernets, powered by @0xPolygonEdge! πŸ¦„πŸ’«

Polygon Supernets are dedicated, scalable blockchains that aim to ignite mass adoption of Polygon and Web3.

To support this ambitious product and goal, we are announcing a $100M support fund. πŸ’œ
2/5 Polygon Edge is a modular framework that offers a variety of dedicated (aka app-specific) chains, from sovereign EVM chains to full-blown L2s.

20+ projects are already building on Edge; we learned a lot working with these teams and now we are ready for the next chapter. πŸ’«
3/5 Enter Supernets, Polygon Edge chains on steroids!

Here's what makes them Super:

↗️ They are dedicated;
↗️ Can use $MATIC PoS validators out-of-the-box;
↗️ They are interconnected;
↗️ Can be managed/maintained by our Certified Partners;
↗️ Support any Edge architecture.
Read 5 tweets
Apr 22
.@MihailoBjelic at #PolygonIgnite points out the uniqueness of @0xPolygonEdge Image
Web3 users have a reason to rejoice! #PolygonIgnite Image
@Rahatcodes dropping the beats to set #PolygonIgnite on πŸ”₯πŸ”₯πŸ”₯ Image
Read 6 tweets
Apr 5
Polygon has always been at the forefront of innovation.

After the massive success of Liquidity Mining 1.0, #Polygon has launched the first-ever KPI-based Liquidity Mining 2.0 campaign in the form of yield farming for protocols.

A thread (🧡) (1/9)
What's new this time?

> #dApps are selected based on KPIs like Weekly Average Users or Total Value Locked.
> All dApps that never got LM before are now eligible.
> Fully transparent and verifiable.
> Requires no KYC, and one cannot game the system.

(2/9)
How is it beneficial for dApps building on Polygon or wanting to migrate to #Polygon?

> Anon teams can apply for the campaign.
> Each month, the distribution is evaluated, and #dApps working harder get more allocation the next month.
> Projects choose where to use funds.

(3/9)
Read 9 tweets
Mar 29
Keep personal details, personal.

Introducing Polygon ID - a self-sovereign identity solution powered by zk cryptography.

- Complete user-privacy
- Scalable on-chain verification
- Open attestation ecosystem

#OwnYourIdentity

TL;DR πŸ‘‡ [1/7]
For everyone wondering what the highlights of Polygon ID are:

- Reduces complexity & compiles zkSNARK circuits.
- Onboarding includes native apps, SDK’s and whitelabel solutions.
- On-chain private verification is done using zkQuery Language.

[2/7]
Polygon ID is all about building on Web3 without any risk.

- Prove your access rights, not your identity.
- Most advanced privacy that can still run on a user’s device.
- Aligned with Web3 privacy ethos.

[3/7]
Read 7 tweets
Jan 31
🚨 Attention future #Web3 Revolutionaries

@ETHGlobal and Polygon are here with a series of workshops to help you kick-start your journey on the #RoadToWeb3!

Set your reminders now: bit.ly/RoadToWeb3-Wor…

#poweredbyPolygon 🧡 [1/10]
Catch @IvanOnTech speaking about Building Full-Stack #Polygon dApps using @MoralisWeb3 SDK.

Set reminder: bit.ly/Moralis-Worksh… [2/10]
Learn how to build a lending protocol on #Polygon by @sirajraval.

Set reminder: bit.ly/Siraj-Workshop [3/10]
Read 10 tweets

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