PolkaBridge Integrates with Polygon Full Stack Scaling Solution — Stake PBR on Polygon With Lower Fees and High APY
September 08 2021 - 5:00AM
NEWSBTC
PolkaBridge development has been gaining steam and our first
priority is a smooth / hassle-free launch of our “MultiChain
Automated Market Maker (AMM)” decentralized exchange. Currently, we
are present on the Ethereum blockchain and we plan to onboard the
Polkadot blockchain fully, once it launches with all functionality.
However, our mission is ensuring wide compatibility and offering
our product to diverse communities. That’s why we plan to launch on
Ethereum’s full-stack scaling solution Polygon. Why Did We Choose
Ethereum? The Ethereum blockchain is the world’s leading smart
contracts blockchain in terms of adoption and usage. It powers an
overwhelmingly large percentage of the crypto-verse and most
prominent crypto-assets are ERC-20 tokens. The blockchain holds the
record for the highest fees generated, monetary value settled and
number of unique addresses. Ethereum commands the highest number of
developers building on the blockchain and it has more users than
most other blockchains combined. But, There’s A Problem However,
Ethereum has a scalability problem. It’s not economical for the
average users to transact on the Ethereum base layer, because of
two reasons. High fees and even higher processing times. Such an
environment is unfeasible for a DeFi ecosystem aiming for mass
adoption and usage, which requires fast processing times and low
fees to allow everyone to participate. Luckily, Polygon has a
solution. It offers a full stack scaling solution, which uses
different methods to scale the Ethereum blockchain by batching tx
and optimizing their processing. This makes it possible for the
projects to leverage Ethereum’s power economically, while
maintaining EVM compatibility and inheriting security from the base
layer. Welcome To Polygon Today, Polygon is the number one Ethereum
scaling solution in terms of DApps present (giving it strong
network effects) and the number of users. It currently helps scale
400+ DApps, which include the top DApps on the Ethereum blockchain
— Aave, Curve Finance, Sushiswap — trying to expand their reach to
the average users. Since we want to use Ethereum in an economical
manner, we have decided to integrate with the Polygon ecosystem.
This means that anyone with an Ethereum wallet can connect to the
Polygon commit-chain and start accessing our DeFi ecosystem. All
they need is MetaMask and some PBR tokens on Polygon. We will
discuss later how to do that and migrate tokens across blockchains.
This will allow Ethereum users to enjoy PolkaBridge without
breaking the bank and waiting for long processing times, simply by
onboarding Polygon. We hope that this will increase our coverage
and help bring more users to PolkaBridge. It’s also a key factor in
ensuring long-term stability and is likely to enhance PBR token
value also. Polygon is the best in the industry by far and
PolkaBridge aims to grow with it. After all, Ethereum users are
going to be able to access the class-leading DeFi ecosystem
PolkaBridge upon its launch and without having to worry about high
fees / slow network speed. Bridge PBR From Ethereum To Polygon Go
to https://wallet.matic.network/bridge Choose PolkaBridge from list
Click Transfer to start the bridge process. The bridge process can
take up to 60 minutes to complete Stake $PBR on Polygon with Lower
Fees and High APY PolkaBridge integration with the Polygon
will also introduce staking functionality, similar to the one
present on the Ethereum blockchain. This will allow users to
purchase PBR from Quickswap (Polygon’s Uniswap alternative) or
bridge it directly from Ethereum to stake on the Polygon chain. We
will publish detailed guides for that purpose, close to the launch.
Contract address
https://polygonscan.com/token/0x0d6ae2a429df13e44a07cd2969e085e4833f64a0
Buy $PBR on QuickSwap
https://info.quickswap.exchange/token/0x0D6ae2a429df13e44A07Cd2969E085e4833f64A0
Staking $PBR at https://stake.polkabridge.org (choose Matic Mainnet
network) Follow this guide to setup Matic Mainnet on Metamask
https://docs.matic.network/docs/develop/metamask/config-polygon-on-metamask/
200,000 PBR will be distributed to the staking pool as rewards for
all stakers every month About PolkaBridge PolkaBridge is a
decentralized all-in-one financial applications platform. The
PolkaBridge ecosystem is expected to include cross-chain AMM,
Farming, Lending, Fundraising platform (Launchpad), Prediction,
NFT, and more. All products will be developed with Polkadot in
center. Website: https://polkabridge.org Farming
https://farm.polkabridge.org Staking https://stake.polkabridge.org
LaunchPad https://launchpad.polkabridge.org Twitter:
https://twitter.com/realpolkabridge Medium:
https://medium.com/@polkabridge Github:
https://github.com/cyclese96 Telegram Channel
https://t.me/polkabridge Telegram Group
https://t.me/polkabridgegroup Discord https://discord.gg/G3NDrcq6GW
Reddit https://www.reddit.com/r/polkabridge_official CoinMarketcap
https://coinmarketcap.com/currencies/polkabridge Coingecko
https://www.coingecko.com/en/coins/polkabridge Polygon contract
https://polygonscan.com/token/0x0d6ae2a429df13e44a07cd2969e085e4833f64a0
Ethereum contract
https://etherscan.io/token/0x298d492e8c1d909d3f63bc4a36c66c64acb3d695
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