#DeFiforAll Phase 2: Polygon DeFi Summer continues, with 85 Million+ USD Liquidity Rewards for Aave’s Polygon Markets
June 17, 2021
TL;DR: We are changing the emission schedule for Phase 2 of MATIC rewards on Aave Polygon markets. $85M+ USD in rewards will be rewarded to users as part of Liquidity Mining on the Aave Polygon markets over the next 7 months
Since the Polygon launch of Aave, the open-source and non-custodial protocol where users can lend and earn interest on crypto assets, more than $7.5 Billion in total value has been locked by more than 30,000 users, making it one of the most widely used lending protocols on Polygon.
Polygon is proud to have worked with top DeFi blue-chips and projects to solve the biggest pain points in DeFi i.e. high gas fees and slow txn speeds and make DeFi accessible to all. We’re thrilled to extend our support to the DeFi community and we think there’s no better protocol than Aave to showcase the power of Ethereum scalability to a larger user base, no matter the capital size.
This is how the new distribution looks: Note: The number of MATIC as initially allocated has not changed, only the emission schedule has changed to better reflect market dynamics.
Phase 2: 238,000 MATIC/day (~85M$ in rewards) — June 17th 2021(12:00 UTC) to Jan 17th, 2022 (12:00 UTC)
Daily MATIC rewards
Polygon’s vision is to provide a low-cost, high-speed complementary solution to Ethereum’s deep liquidity markets for top DeFi projects in the ecosystem, and we’re excited to witness the DeFi money legos built on top of the Aave Polygon markets.
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 Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~250M txns and ~1.4M+ 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.
What’s the future of DeFi? How can blockchain projects shake the reputation for being bad for the environment? What in the world are zero knowledge proofs? How can Web3 attract and accommodate the next billion users? When Flippening? You want to know the answers and so do we. That’s why Polygon is launching Polygon Pod […]
We’re in the early innings when it comes to enterprise needs for blockchains. Whether it’s supply chain management or marketplaces, the potential for secure business transactions on a public ledger has enormous implications. That’s why we’re pleased to announce Polygon Nightfall, a blockchain solution that leverages cutting edge Optimistic-Zero Knowledge technology to give businesses an […]
Today marks the start of a new, sustainable era for the Polygon ecosystem -- the core team has committed to eliminating all of the network’s carbon debt going back to inception and making the chain climate positive into the future. Polygon’s Green Manifesto announced today is part of a broader vision for sustainable development that […]
At Polygon, we believe that putting people firmly in control of their digital identities is at the core of Web3’s promise to empower users over networks. We have been working behind the scenes to fulfill this promise and today are proud to introduce Polygon ID, the self-sovereign, decentralized and private identity for the next iteration […]
This is Dalip, head of Developer Relations at Polygon. These past few weeks have been tough on everyone in Web3. But when the going gets tough, the tough get building. That’s why today we are announcing #WAGMIonPolygon, a new series for developers available on our YouTube channel. The program will focus on educational content, expert […]
Hola readers! Roland-Garros, an eTennis competition series by BNP Paribas, will launch its first NFT collection on Polygon, Chainsmokers shared their album royalties via NFT drops on our network, and the Polygon PoS bridge maintains its position in the Top 5 most used dApps on Ethereum. Let’s dive in. Key takeaways: There was an increase […]
MSP Recovery, a $32.6 billion publicly-traded U.S. company leading the healthcare reimbursement recovery industry, has partnered with Tokenology to launch a healthcare claims tokenization platform that will help eliminate fraud and benefit patients, care providers and insurers alike. LifeChain will run on Polygon, leveraging the carbon-neutral network’s low transaction fees, high throughput and a suite […]