PolkaBridge improvement has been gaining steam and our first precedence is a easy / hassle-free launch of our “MultiChain Automated Market Maker (AMM)” decentralized change. Presently, we’re current on the Ethereum blockchain and we plan to onboard the Polkadot blockchain absolutely, as soon as it launches with all performance. Nevertheless, our mission is guaranteeing large compatibility and providing our product to numerous communities. That’s why we plan to launch on Ethereum’s full-stack scaling resolution Polygon.
Why Did We Select Ethereum?
The Ethereum blockchain is the world’s main sensible contracts blockchain when it comes to adoption and utilization. It powers an overwhelmingly massive proportion of the crypto-verse and most outstanding crypto-assets are ERC-20 tokens. The blockchain holds the report for the very best charges generated, financial worth settled and variety of distinctive addresses. Ethereum instructions the very best variety of builders constructing on the blockchain and it has extra customers than most different blockchains mixed.
However, There’s A Drawback
Nevertheless, Ethereum has a scalability drawback. It’s not economical for the common customers to transact on the Ethereum base layer, due to two causes. Excessive charges and even increased processing instances. Such an atmosphere is unfeasible for a DeFi ecosystem aiming for mass adoption and utilization, which requires quick processing instances and low charges to permit everybody to take part.
Fortunately, Polygon has an answer. It affords a full stack scaling resolution, which makes use of completely different strategies to scale the Ethereum blockchain by batching tx and optimizing their processing. This makes it attainable for the initiatives to leverage Ethereum’s energy economically, whereas sustaining EVM compatibility and inheriting safety from the bottom layer.
Welcome To Polygon
Right this moment, Polygon is the primary Ethereum scaling resolution when it comes to DApps current (giving it sturdy community results) and the variety of customers. It at the moment helps scale 400+ DApps, which embody the highest DApps on the Ethereum blockchain — Aave, Curve Finance, Sushiswap — making an attempt to develop their attain to the common customers. Since we need to use Ethereum in a cheap method, we’ve got determined to combine with the Polygon ecosystem.
Which means anybody with an Ethereum pockets can connect with the Polygon commit-chain and begin accessing our DeFi ecosystem. All they want is MetaMask and a few PBR tokens on Polygon. We’ll talk about later how to try this and migrate tokens throughout blockchains. It will enable Ethereum customers to get pleasure from PolkaBridge with out breaking the financial institution and ready for lengthy processing instances, just by onboarding Polygon.
We hope that this may enhance our protection and assist convey extra customers to PolkaBridge. It’s additionally a key consider guaranteeing long-term stability and is prone to improve PBR token worth additionally. Polygon is the most effective within the business by far and PolkaBridge goals to develop with it. In any case, Ethereum customers are going to have the ability to entry the class-leading DeFi ecosystem PolkaBridge upon its launch and with out having to fret about excessive charges / gradual community pace.
Bridge PBR From Ethereum To Polygon
- Go to https://pockets.matic.community/bridge
- Select PolkaBridge from checklist
- Click on Switch to begin the bridge course of. The bridge course of can take as much as 60 minutes to finish
Stake $PBR on Polygon with Decrease Charges and Excessive APY
PolkaBridge integration with the Polygon may even introduce staking performance, much like the one current on the Ethereum blockchain. It will enable customers to buy PBR from Quickswap (Polygon’s Uniswap different) or bridge it straight from Ethereum to stake on the Polygon chain. We’ll publish detailed guides for that function, near the launch.
Contract tackle https://polygonscan.com/token/0x0d6ae2a429df13e44a07cd2969e085e4833f64a0
- Purchase $PBR on QuickSwap https://information.quickswap.change/token/0x0D6ae2a429df13e44A07Cd2969E085e4833f64A0
- Staking $PBR at https://stake.polkabridge.org (select Matic Mainnet community)
Comply with this information to setup Matic Mainnet on Metamask https://docs.matic.community/docs/develop/metamask/config-polygon-on-metamask/
- 200,000 PBR can be distributed to the staking pool as rewards for all stakers each month
PolkaBridge is a decentralized all-in-one monetary purposes platform. The PolkaBridge ecosystem is predicted to incorporate cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and extra. All merchandise can be developed with Polkadot in heart.
Web site: https://polkabridge.org
Telegram Channel https://t.me/polkabridge
Telegram Group https://t.me/polkabridgegroup
Polygon contract https://polygonscan.com/token/0x0d6ae2a429df13e44a07cd2969e085e4833f64a0
Ethereum contract https://etherscan.io/token/0x298d492e8c1d909d3f63bc4a36c66c64acb3d695