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Polygon Opens Vault On MakerDAO, Commits $50 Million Worth Of Matic Tokens
Polygon has announced the integration of yield optimization vaults on the Maker Network. The blockchain-enabled protocol, formerly referred to as the Matic Chain, tweeted on Wednesday that it “will be opening a vault on Maker” and investing $50M of MATIC tokens as agreed liquidity from the treasury.
With the recent integration, it means the protocol has now broadened in scope, vision, and transformation to become an Ethereum scaling aggregator.
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Key Terms Explained
About The Polygon
Polygon provides the core components and tools to join the new, borderless economy and society. Two key platforms materialize it: The polygon framework and the Polygon protocol.
Polygon (Matic) Announces Their Official Partnership With GraphLinq Protocol
April 09, 2021 11:41 ET | Source: GraphLinq GraphLinq
telegram that they’re partnering up with
GraphLinq on multiple grounds. GraphLinq will be utilising Polygon for Layer 2 solutions to save on huge gas fees and on the other hand will add support for Polygon on their IDE, Engine & Analytics platform.
What is a layer 2 solution, and how will it help GraphLinq Protocol?
Layer 2 is a collective term for solutions designed to help scale an application by handling transactions off the main Ethereum chain, to execute them on the Polygon chain.
GraphLinq Protocol will host its layer two solutions over the Polygon chain to optimize the efficiency of execution costs & the average time of transactions per second: Polygon block time is 2 seconds and the average transaction fee is $0.00004 which is exactly what we need to run our service efficiently.