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.
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. 💜
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. 💫
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.
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.