1,000,000,000 POL over 10 years, unlocked in grant funding.
Season 01 of the Community Grants Program is here, with 35 million MATIC allocated towards funding the best projects across the Polygon and Ethereum landscape.
builders, this one’s for you...
details
• S01 applications: open June 11, 2024 and close Aug 31, 2024
• Grant range: 5,000 - 50,000+ MATIC
• Total S01 allocation: up to 35,000,000 MATIC
• Every month: Community Treasury Board reviews and selects projects
• Grant payouts: begin the first of each month
Interested projects should apply early, as applications are reviewed on a rolling basis. Expect an average four-week turnaround for grant allocation.
1 billion?! where is this coming from?!
You heard that right. Announced last year in the POL whitepaper, 1% of token emissions will be dedicated to the growth of the Polygon builder community.
100 million per year x 10 years = 1 billion POL
can i apply???
If you’re building or migrating to Polygon, you can apply!
tracks for season 01
• General Grants Track (powered by @CharmVerse): open to all projects building on Polygon protocols
• Consumer Crypto Track (powered by @ThrivePolygon): open to all projects that unlock onchain experiences that drive consumer adoption
find support now, not later
Building is hard. The goal of CGP is to support devs while they build.
Waiting until a project has finished building and produces results misses a key piece of true innovation: The opportunity to take chances.
You shouldn’t have to worry over the finances needed to succeed while you experiment. Build for longevity and get the support you need to, today.
timeline
Applications are now open and close Aug 31.
If you want to apply, do it early.
Applications are reviewed on a rolling basis, with an average four-week turnaround for grant allocation.
for ALLLLL the details, application process and answers to your burning questions 🔽
DeFi revolutionizes the way we interact with money and financial services.
Polygon PoS, zkEVM and CDK have emerged as top choices for DeFi builders, providing devs scalable networks and tools to build financial solutions — the future of finance is closer than you think.
🧵
let’s dive into DeFi on polygon. scroll 👇🏽 more
through blockchain rails, DeFi opens up financial systems, enables peer-to-peer transactions, and eliminates the need for intermediaries.
many of these innovative financial dApps call Polygon home, addressing needs from lending and borrowing to rewards optimization and stablecoins within an aggregated network.
why Polygon?
Polygon PoS, Polygon zkEVM, and Polygon CDK offer developers networks and a toolkit that suits developers’ needs to provide flexibility, scalability, and security to build and scale innovative DeFi applications.
1/ Today, the next technical proposal of Polygon 2.0 is unveiled:
POL, the upgraded token of the Polygon protocol! 💫
POL is the next generation native token, designed to secure, align and grow the Polygon ecosystem.
Watch the video to get an idea how cool it is, then 🧵
2/ POL is a proposed technical upgrade of MATIC.
If the community reaches consensus to adopt it, MATIC holders will have their tokens upgraded to POL in 1:1 ratio. There will never be two native tokens.
Now onto the exciting stuff. A quick story on what makes POL special.. 💫🤓
3/ Bitcoin's BTC, although important and successful, is an unproductive token — its holders can not participate in the protocol and be rewarded for that.
Ethereum’s ETH is a productive token — holders can become validators of the Ethereum blockchain and get ETH rewards and fees.
1/ Today, we are excited to propose the Polygon 2.0 architecture, designed to provide unlimited scalability and unified liquidity, thus transforming Polygon into the Value Layer of the Internet!
What are these layers and what is their role? Let's dive in...
3/ The Staking Layer is a PoS-based protocol which leverages Polygon’s native token to provide "out-of-the-box" decentralization to participating Polygon chains.
It achieves that via a common, highly decentralized validator pool and an in-built restaking model.