Centaur Swap to Launch on Polygon
Are ever-rising gas costs on Ethereum a thorn in your side? Well, your days of carefully rationing out your gas fees for Centaur Swap exchanges may soon be over. We will be launching our swap on the Polygon blockchain, and substantially more affordable transactions are just around the corner for Centaurians.
Monickered as “the internet of blockchains for Ethereum”, Polygon is a Layer Two multi-chain scaling solution that offers users high throughput and much lower usage costs than the Ethereum mainnet. While its predecessor, Matic, executed off-chain transactions using Plasma prior to confirming them on Ethereum, Polygon is a whole platform geared towards setting up interoperable chains.
Managing the balancing act of facilitating high decentralisation and stability at the same time is a rare feat, which is what makes Polygon exceptional. In addition to having a robust user base and an impressive number of active DeFi projects, its comprehensive documentation has been of great aid in constructing the bridge.
Emissions on Ethereum to Be Halved
In preparation for the launch on Monday, 16 August 2021, we will be reducing emissions for WHEY on Ethereum by 50 percent in order to accommodate its distribution on Polygon and ensure that its inflation rate remains aligned with our tokenomics blueprint. Naturally, MATIC will be included on the roster of farmable tokens on the swap. In time to come, other tokens may be included in our new swap implementation, but we are still deliberating over the possibility of hosting a separate launch for it.
To kick things off, our community will be provided with a WHEY liquidity mining incentive once WHEY is bridged over to Matic and its rate of emissions is adjusted. Like the original swap launch on Ethereum, the liquidity pools and swap are going to be implemented ahead of the yield farm to avert a token-depositing rush that would drive up gas prices in a self-defeating manner.
Stay tuned for more details to come including launch dates and the terms and conditions for mining incentives on Polygon!
By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. For more information, please visit our website, join our Telegram community discussion group and announcement channel.