Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield
The plan uses Morpho Labs’ vaults to manage USDC and USDT, targeting a conservative 7% annual return using various strategies.
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The plan uses Morpho Labs’ vaults to manage USDC and USDT, targeting a conservative 7% annual return using various strategies.
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Following XRP’s recent upsurge on the news of Donald Trump’s re-election and Chair Gary Gensler’s upcoming January 20 stepping down, … Continue reading
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Far from making zero-knowledge rollups obsolete, the Beam Chain would make them work better, says Polygon. zkSync builder Matter Labs is also bullish.
Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.
Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It’s time to tear down the walls.
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Polygon introduced last week the upgraded version the network’s token, POL, migrating from its longstanding token MATIC with some tokenomics changes.
The purchase is part of a deal with hardware maker Fabric, that is also producing custom zero-knowledge chips for Polygon’s AggLayer.
The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.