MANTRA DAO Is Expanding to Polygon (Matic)!
We are proud to officially support Polygon (previously Matic Network) as our first multi-chain expansion!
As part of our mission to bring the best DeFi services to our users, we are taking an incredible first step in our commitment to incorporate multi-chain support for all of our products. Early in our development, in October of last year, we made one of our first partnership announcements celebrating that we had been selected to be a Foundation/Public Node in the Matic ecosystem.
Today, we are excited to announce that we will be taking our next step by expanding our support for Polygon (formerly Matic Network), which means we are developing additional Polygon versions of our dApps that will have on-chain transactions paid in MATIC tokens. This all comes on the heels of our recent announcement that our OM token will be the first to list on the Polygon-based, multi-token farming solution platform, GalaxyFarm!
While we will continue to be a Polkadot-first project, our core proposition as a DeFi platform is to be chain-agnostic and offer low-cost solutions for our Sherpa community. We believe that a focus on interoperability and cross-chain functionality will be one of the main drivers of the continued growth of blockchain ecosystems.
We at MANTRA DAO have followed Polygon’s development journey for a long time and have been incredibly impressed with their transformation. As Polygon is now quickly becoming a leading Layer 2 aggregators for Ethereum, which combines multiple L2 scaling approaches including sidechains, Optimistic Rollups, zk Rollups, and Plasma, we believe that the future of the platform will see exponential growth in dApps being developed on-chain.
As we begin to utilize the Polygon SDK, we foresee being able to drastically improve our current product offerings by having new and powerful tools to begin building more complex and scalable dApps. Many initiatives previously unfeasible and out of reach due to the high gas fees on Ethereum are becoming possible!
Our support for Polygon will undoubtedly unlock a new chapter in MANTRA DAO’s history and will be the catalyst for our transformation to become a truly chain-agnostic and multi-chain platform that brings the best DeFi services to our Sherpa community!
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Building on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
About Polygon (Formerly Matic)
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 90+ Dapps, ~7M txns, and ~200K unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.