DAFI Foundation Ltd: DAFI Protocol Partners with Polygon to Enable Creation of dMatic Tokens
SINGAPORE / ACCESSWIRE / May 7, 2021 / DAFI Protocol has officially announced a partnership with Polygon (previously Matic Network) to enable the creation of synthetic dTokens utilizing DAFI s brand new Simulate platform. The partnership comes as DAFI gears up for the mainnet launch of its new product on Polygon.
This partnership will allow creation of dMatic tokens that will enable the seamless distribution of staking rewards for the users. By implementing DAFI s inflation model and staking mechanisms, Polygon will incentivize long term users without releasing large quantities of native tokens into the DeFi ecosystem.This is a completely new form of staking, designed for keeping users in the system.
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Cairo, Egypt – 21 April, 2021 – The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the Nafeza National Single Window for Foreign Trade Facilitation, built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain service provider.
So, what exactly is CargoX, and why is this great news for the crypto community? The answer is – CXO token burn and scarcity!
What is CargoX and what is CXO?
The CargoX project with its CXO token is a unique gem in the crypto space that has brought to life a NFT-based transfer of Bills of Lading and other documents of title and original documents in the shipping industry, finance and other industries B2B or B2G. Its smart contracts are fueled by their CXO token of which only 215 million have been m
Apr 29, 2021 05:16 GMTCrypto News
Polygon’s fund will focus on efficiently onboarding users to DeFi-related products and platforms.
With rising gas fees on Ethereum, Polygon’s fund hopes to attract users who have been priced out of entering into DeFi.
The fund will continually support the DeFi ecosystem in the next two to three years.
Ethereum scaling project Polygon, previously known as Matic has launched a fund to enable higher accessibility to decentralized finance (DeFi) for users.
DeFi users priced out by high Ethereum transaction fees
DeFi has grown significantly in the past year. The industry took off as users have flocked to DeFi in the summer of 2020. By June, the total value locked in the space reached $1 billion for the first time. Comparatively, the total assets locked in DeFi reached $65 billion today.
Polygon Unveils $100 Million Fund to Boost DeFi Adoption
Apr 28 2021 · 15:30 UTC | Updated
Apr 28 2021 · 11:57 by Kofi Ansah · 3 min read
Photo: Depositphotos
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Polygon’s effort to bring the DeFi space to users started a while ago and has so far yielded many positive results this year.
Polygon, a blockchain scaling network, has revealed plans of a $100 million fund to ease accessibility to the decentralized finance (DeFi) space to end-users. Polygon’s fund, dubbed #DeFiforAll seeks to efficiently accommodate the numerous users and newbies jumping aboard the DeFi projects which include platforms and products.
According to the announcement from Polygon, its #DeFiforAll fund was put together to ensure that users priced out of DeFi projects up until now get to enjoy the benefits of the platform. The fund will also support DeFi for the next two to three years and will try to lure in the casual cryptocurrency users and newb
Source: DeFi Pulse
Additional data from The Block Research shared via their Twitter handle indicates that Polygon’s PoS has seen more increase in value locked than Binance Smart Chain, xDAI, Avalanche, NEAR, and others. The report attributes Polygon’s rise to an “incentive program effort”.
Source: The Block Research
Polygon’s team revealed at the beginning of last week a continuation of their “DeFi Summer”. Therefore, users were offered over $5 million in liquidity mining rewards for the Curve Polygon markets.
Polygon’s ecosystem appears to be growing with over 100 DeFi projects building on the solution. Its cooperation with Curve protocol is to “meet” the demand for “deep liquidity” stablecoins trading pairs. The team said: