Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on May 21, 2021, 09:03:41 PM
-
Polygon offers a similar yield farming experience to Ethereum mainnet at a fraction of the cost. Key metrics show that DeFi power users are starting to migrate to the network.
Low-Cost DeFi on Polygon
High gas fees are pricing regular investors out of DeFi on Ethereum. As the price of ETH has risen, gas fees have also surged, casting doubts over the possibility of a second DeFi summer.
Ethereum’s popularity has helped drive gas prices to record highs even with organizations like Flashbots working to reduce blockchain congestion. Some users have turned to Binance Smart Chain, though that network has suffered from a variety of issues such as hacks and flash loan attacks.
In the search for low fees and fast transactions, many yield farmers have turned to Polygon, the Ethereum scaling solution that’s sometimes described as a “commit chain.” Polygon uses a Proof-of-Stake consensus algorithm, and transactions on the network cost fractions of a cent.[urla=Polygon offers a similar yield farming experience to Ethereum mainnet at a fraction of the cost. Key metrics show that DeFi power users are starting to migrate to the network.
Low-Cost DeFi on Polygon
High gas fees are pricing regular investors out of DeFi on Ethereum. As the price of ETH has risen, gas fees have also surged, casting doubts over the possibility of a second DeFi summer.
Ethereum’s popularity has helped drive gas prices to record highs even with organizations like Flashbots working to reduce blockchain congestion. Some users have turned to Binance Smart Chain, though that network has suffered from a variety of issues such as hacks and flash loan attacks.
In the search for low fees and fast transactions, many yield farmers have turned to Polygon, the Ethereum scaling solution that’s sometimes described as a “commit chain.” Polygon uses a Proof-of-Stake consensus algorithm, and transactions on the network cost fractions of a cent.http://
-
Matic is trying to be the no. 1 bridge for Ethereum layer two scaling for other projects and Ethereum network and the hype is real but since yesterday, the performance has been very low and I wonder what's the future.
I saw Elon made a tweet about dogmatic, I don't know perhaps he is trying to shill Matic again who knows.
-
Polygon is the simplest and most convenient solution to the scalability issue among the second layer protocols. Despite the general fall in prices, the token continues to grow and has almost restored the losses from the recent price collapse. I think the project is very attractive for investment.