Thread by @sovereignsignal

Salut!

Here again for another research report anon 📃

This time we're going to dive head first into the magical world of @0xPolygon and take a look at how their programs have evolved over time.

sovereignsignal.substack.com/p/polygon

🧵 ↓

@0xPolygon 1/ To start, if you are wondering what @0xPolygon is there is a great description you can find linked below from the one and only @MessariCrypto. I couldn't have said it better myself!

messari.io/asset/polygon/…

@0xPolygon @MessariCrypto 2/ @0xPolygon was founded in 2017 by some big 🧠 individuals @anuragarjun @jdkanani @MihailoBjelic and @sandeepnailwal.

The founders recognized the potential of scaling solutions at a time when many of us were chasing ICO's and/or arguing about the #Bitcoin block size 🟧

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal 3/ @0xPolygon was very much at the forefront of scaling solutions and primarily focused on Plasma and Proof-of-Stake sidechains initially. Plasma was initially discussed by @VitalikButerin and Joseph Poon in this paper from 2017 📄

plasma.io/plasma.pdf

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin 4/ On February 9th, 2021, the Matic team decided to rebrand as @0xPolygon as popularity grew 🌱

At the time of writing, @0xPolygon is ranked in the top 20 by MCAP and top 10 by TVL 📈

defillama.com/chain/Polygon

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin 5/ Most interesting to me is their doubling down on investing in new focus areas rather than just resting on their laurels.

@0xPolygon future plans include adding support for Validium and ZK Technology to their existing architecture, along with building a strong ecosystem 🤝

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin 6/ @0xPolygon continues to position itself as the leader in both cross-chain interoperability and scaling innovation.

@polygonstudios CEO @Fwiz paints a 🖼️ on their 🛣️

https://twitter.com/Fwiz/status/1524792752948527104

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz 7/ the future seems 🌞 for @0xPolygon especially compared to other high-profile projects we have recently seen fall from grace due to bridge drains, stablecoin depegs and a host of other reasons worthy of future @zachxbt investigations 🕵️

https://twitter.com/sandeepnailwal/status/1538431411245441024

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt 8/ One area of particular interest is @0xPolygon’s investment and development in the fast-growing ZK roll-up space.

@0xPolygon launched a $1B fund last August with a strategic focus on ZK technology, and have so far put that money to good use 💰

cryptobriefing.com/polygon-acquir…

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt 9/ In addition to their acquisition of @0xPolygonHermez their 🛣️ also includes their work around @0xPolygonNF @0xPolygonMiden @0xPolygonZero

@0xPolygon just released a huge announcement on this front 🔥

Future of 🇫🇷 coming together, anon...

https://twitter.com/0xPolygon/status/1549716947847479302

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero 10/ In addition to their focus on ZK, we are seeing Validium-based solutions like @0xPolygonAvail progressing through development.

There was also a recent announcement around @0xPolygonID, a scalable blockchain ID solution.

https://twitter.com/0xPolygon/status/1539638078020628480

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID 11/ I would be remiss if I didn’t mention the massive premium they put on gaming.

There’s a great recent video of @Fwiz from Radio City Music Hall talking about how he thinks @0xPolygon is going to change the game (pun intended 🤓)

https://twitter.com/Fwiz/status/1544540153070243841

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID 12/ Now let’s take an extensive look at the grants and incentive programs.

We’ll start with a bit of history then dive into a deep review of the different programs currently available via @0xPolygonDAO and their Ecosystem funds

polygon.technology/funds/

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO 13/ The first @0xPolygon grants program that was launched way back in March of 2019 was known as the Matic Developer Support Program (DSP)

https://twitter.com/0xPolygon/status/1110794656441348097

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO 14/ This program focused on helping with technical issues (Scaling, UI/UX, Developer Tools), financial sustainability, talent sourcing and brokering relationships with investors once projects made a viable MVP and were ready for the next step.

medium.com/matic-network/…

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO 15/ The TL;DR is that $500K was allocated to fund grants for dApps and other DeFi/Ecosystem projects accepted to DSP 💰

Under the DSP, any project being built for the @ethereum ecosystem which directly supported @0xPolygon was eligible for a grant.

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum 16/ After the initial success of the DSP and the Polygon rebrand, the team kicked things into high gear with their #DeFiForAll (DFA) fund.

https://twitter.com/0xPolygon/status/1387441790429458432

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum 17/ The DFA fund was launched in April of 2021 and was one of the first in a long line of these kinds of programs, touting huge amounts and even higher hopes in how it might contribute to continued development and adoption of Polygon.

https://twitter.com/Coin98Insights/status/1507731190136328194

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum 18/ DFA was initially launched with 2% of the total $MATIC supply (roughly $150M based on value of $MATIC at time of launch) with the mission to bring the next million users to DeFi. The fund included both a grant component and an incentive program 💰

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum 19/ For the grants portion of DFA there were numerous projects that were granted.

I have a notion list that you can find below listing all of the projects that received grants that I was able to find through various sources.

sovs.notion.site/74abdbf66c144f…

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum 20/ @0xPolygon has been an active participant of the legendary @gitcoin Grants since 2019.

@0xPolygon has also been a regular contributor to the matching funds pool and has participated in multiple Ecosystem Rounds

https://twitter.com/gitcoin/status/1532141326556200962

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin 21/ @0xPolygonDAO was first announced in August of 2021 and was formed using some of the funds and resources from the DFA fund.

The main driver for the creation of @0xPolygonDAO was the desire to decentralize and drive the ecosystem to be more builder-centric 🏗️ 💜

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin 22/ The program rationale is described in further detail in an October 2021 forum Post by the current DAO Lead @GrendelMarco outlining many of the core goals and objectives along with early processes for engagement in terms of grant submissions

forum.polygon.technology/t/polygon-ecos…

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco 23/ @0xPolygonDAO has a very intuitive website called Polygon Village that can help guide the interested parties in all the different ways they can engage with and request support from the DAO 🤝

https://twitter.com/0xpolygon/status/1512460134068326403

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco 24/ These different types of support that Polygon DAO provides include:

- Welcome Vouchers 📄
- Grants 💰
- Village Wonders 💫
- Job Board 💼
- Bounty Board 🏹

village.polygon.community

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco 25/ Vouchers are very similar to AWS Credits (minus the drab corporate overlord) and allow access to preferred @0xPolygon partners for services including hosting, auditing, marketing, liquidity, hiring, API services, education to name a few.

docs.google.com/document/d/1Kt…

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco 26/ grants are given month-to-month and have averaged around $50K available for disbursement over the last few months. The amounts given to individual projects are not publicly available but grants but vary depending on the size and scope.

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco 27/ Grants are managed via the @QuestBook platform (a seriously interesting project unto itself, anon) where potential grantees can view and select grants that they may be interested in and apply directly.

questbook.xyz

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook 28/ @0xPolygonDAO is forming up something called Village Wonders that acts as a pre-accelerator providing a limited number of projects that already have a minimum viable product (MVP) with support like education, resources and mentorship needed to grow and promote their work.

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook 29/ Of note on this topic is the fact that @0xPolygon itself was recently added to an accelerator program with the one and only @Disney 🐭

https://twitter.com/0xPolygon/status/1547253982133100544

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney 30/ While many talk about hiring, the folks at @0xPolygon are pretty serious about it.

You can look no further than messaging from the top down by @polygonstudios CEO @Fwiz to see they mean business. Check out their careers page if you don't believe me

polygon.technology/careers/

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney 31/ @0xPolygonDAO has built a robust jobs board that details all the open opportunities across @0xPolygon and their partners, and has even partnered directly with @devfolio to launch #WAGMI JobDrops and host virtual job fairs.

wagmidrops.devfolio.co

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio 32/ Like I mentioned before there’s actual jobs (full time / part time) and then there’s freelance work and tasks that are honestly better termed as “bounties” 🏹

Polygon has (thankfully) separated these two categories and partnered with @dework

dework.xyz

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework 33/ @0xPolygon has a diverse ecosystem of funding channels that are both managed directly - like the Ecosystem Fund and @0xPolygonDAO - along with partnerships with @wintermute_t @sevensevensix @OVioHQ @StableNode

polygon.technology/funds/

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode 34/ According to PitchBook the @0xPolygon Ecosystem Fund is a venture capital fund managed by @0xPolygon and headquartered in Bangalore, India. The fund is dedicated to growing and supporting the shared Ethereum and @0xPolygon Ecosystems

pitchbook.com/profiles/fund/…,

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode 35/ @wintermute_t has a $20M fund targeted at helping to build web3 native dApps on @0xPolygon. This includes support for development, liquidity provisioning, exchanges and business development 🏗️

wintermute.com/about

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode 36/ @StableNode fund is aimed at early-stage ventures and offers a range of value-add services like fundraising, token design, liquidity provisioning, marketing and governance

stablenode.xyz

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode 37/ @OVioHQ fund aids in fundraising, community growth, token design, business development, and governance, along with offering access to Outlier’s network of mentors and leading web3 founders.

outlierventures.io/portfolio/

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode 38/ @sevensevensix is a $200M joint fund focused on boosting support for web3 technology, social media and blockchain compatibility.

776 was founded by @alexisohanian and they have an array of partnerships listed on their website 🤝

sevensevensix.com/portfolio/

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode @alexisohanian 39/ Now that was a long 🧵

TBH I am not sure how @adamscochran has the endurance to create 🧵 of this length what seems like daily. He's obviously built different.

Special thanks (again) to @ibidino and @ncerovac for helping to proof. True chads :sung

@0xPolygon @MessariCrypto @anuragarjun @jdkanani @MihailoBjelic @sandeepnailwal @VitalikButerin @polygonstudios @Fwiz @zachxbt @0xPolygonHermez @0xPolygonNF @0xPolygonMiden @0xPolygonZero @0xPolygonAvail @0xPolygonID @0xPolygonDAO @ethereum @gitcoin @GrendelMarco @QuestBook @Disney @devfolio @dework @wintermute_t @sevensevensix @OVioHQ @StableNode @alexisohanian @adamscochran @ibidino @ncerovac That's all for now, anon.

Follow me on Twitter @sovereignsignal and check out my blog, Sovereign Signal. I'll be pushing out my next edition of Crypto Grants Wire very soon...

✌️

sovereignsignal.substack.com