The Polygon community has proposed a new liquidity program to deploy DAI, USDC, and USDT stablecoin reserves into yield-generating pools.
Polygon PoS transitioned to using POL as the native token for gas fees, replacing MATIC, in the first stage of the token migration announced last year.
Polygon Labs, a crypto company, has acquired the research platform Toposware, which aided developers in creating Polygon Type-1 — a project allowing any EVM network to become an L2 blockchain with zero-knowledge (ZK) proof. The deal is estimated to be worth between $30 million and $50 million, according to various sources.
According to a new report report by data analytics platform Flipside, in 2023 Ethereum and Polygon were the leading chains in terms of monthly acquired users. Each of the chains gained over 15 M with Ethereum coming the first by a little difference.
Sandeep Nailwal, the co-founder of Polygon, is exploring the idea of endorsing certain popular meme coins on the Polygon blockchain to draw in a broad array of new users. He noted that there is sustained interaction with these projects, even in the absence of inherent utility.
This week attack targeted KyberSwap’s Elastic pools, impacting funds across various blockchains, including Arbitrum, Ethereum, Polygon, Optimism, and Base.
BlackRock, the largest investment firm in the world, has expanded its BUIDL RWA fund to five new blockchains, including Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Until now, BUIDL was exclusively available on Ethereum.
The legal team at Polygon Labs is advocating for DeFi to be classified as critical infrastructure in the United States, warranting oversight by the Department of the Treasury's Office of Cybersecurity and Critical Infrastructure Protection (OCCIP).
Polygon Labs has debuted AggLayer (Aggregation Layer), an innovative framework that brings together disparate blockchain ecosystems through Zero-Knowledge technology.
Crypto company Telcoin has completely compensated its users for losses ($1.2 million) incurred from an application breach at the end of 2023 due to a technical vulnerability. The issue originated from a flawed Polygon wallet implementation, but it did not compromise administrative keys.
Key players in the cryptocurrency sector, such as Polychain, Alliance DAO, and Sandeep Nailwal, the co-founder of Polygon, have endorsed the social platform AsMatch. This initiative is geared towards fostering user interactions in a decentralized setting rather than spotlighting high-profile personalities.
Co-founder Sandeep Nailwal has unveiled an upcoming schedule of key events.
