Polygon’s Daunting DeFi- DinoSwap

This series brings the views of top DeFi applications integrated on Polygon. We had time to sit down with the DinoSwap team to learn more.

1.Please tell us more about your project and your team.

DinoSwap is a multi-chain infrastructure platform that builds liquidity for layer one blockchains, AMMs, and partnering projects. We are proud to call Polygon our home base because yield farmers love velociraptor fast and prehistorically cheap transactions! DinoSwap is conceptually similar to PancakeSwap but where we differ is our approach on quality over quantity and superior DINO style. You’ll find some of your favorite Polygon projects participating in our Fossil Farms (LPs hosted on SushiSwap, QuickSwap, DFYN, and more to come!). DinoSwap will be expanding across multiple blockchains in due time, replicating the success and standards we’ve established on Polygon. From a multi-chain perspective, this allows for easier transitions if community members are looking to try out a new Layer 1. Some of DinoSwap’s core features include Fossil Farms, Extinction Pools, Tar Pits, Jurassic Pools, and the Paleo Bridge. The Extinction Pools are unique single asset (DINO) staking pools that feature a 100% toll-bridge (token burn) swap for partnering projects. This unique deflationary feature allows users to burn their DINO in exchange for project token rewards. The Tar Pits are time-locked DINO vaults. The Jurassic Pools are similar to “Syrup Pools” from PancakeSwap, and let users stake their DINO tokens to earn more project reward tokens. The DinoSwap DEX router will be built out to source the best transaction rates on swaps with no additional fee. Lastly, the Paleo bridge is an ETH-Polygon Bridge where users can port their assets over for convenience purposes. The DinoSwap Team is comprised of experienced DeFi developers and project managers. We are all core contributors to the project and we choose to remain anonymous in order to prime DinoSwap for a decentralized governance model in the future.

2.Where are we in the hype cycle for DeFi

We believe that DeFi is in the very early stages of development. Attrition will bring way to new categories of projects, and we expect given our vast pipeline of utility, we are in a prime position to capture market share through our vast array of business development connections. And although markets can be volatile, we expect quality projects to rise to the top. By focusing on developing a healthy ecosystem, we expect DinoSwap to continue growing and stand the test of time.

3.Who are some thought leaders you follow in the space?

The DinoSwap team works hand in hand with the Polygon Team, and for more reasons than one, we are truly taken aback by the inherent nature of the drive, passion, and success that makes the Polygon engine go. The Polygon team continuously works non-stop to research, grow, and develop the network. They are very inspirational. The results speak for themselves and we expect Polygon to maintain the status of being the go-to layer 2 scaling solution for all EVM compatible dApps.

4.What are some best ways for newbies to get up to speed in the space?

This may sound biased, but we believe farming is a great way to learn the basics of interacting with crypto, managing assets, bridging assets, and getting a front-line experience for DeFi. DinoSwap has documentation for the basics of getting started. All newbies should remember that security is a top priority and users are in full control of their assets. That being said, it is very rewarding to not have to rely on third parties for permission as you interact with Web3.

5.What is one thing that most people don’t know about your project?

DinoSwap is more than just a farming platform, we are building a top-down infrastructure platform that will expand across multiple chains. Our team is dedicated to creating a healthy ecosystem that users, projects, blockchains, and DEX’s can all utilize to tap into and increase their liquidity. By interconnecting existing communities and liquidity pools together, everyone benefits.

6.Why did you choose to build on Polygon?

We love Polygon and couldn’t be happier with our decision to initially deploy on Polygon. We have an article exploring the in-depth reasons why it makes so much sense for us that can be found here. In short, super-fast transactions, near-zero transaction costs, easy-to-use bridging solution, time-test security, and we’re in good company with projects like AAVE, SuhiSwap, Curve, and much more. Polygon is the go-to for yield farmers and so many non-native projects are migrating to Polygon to take advantage of this opportunity.

__

About Polygon

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 450+ Dapps, ~350M txns, and ~13.5M+ 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.

Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram

More from the Polygon Blog
The Business Case for Blockchains Going Green

Nothing says “you have arrived” like people caring about your carbon footprint. Polygon has recently marked that milestone with a commitment to becoming carbon negative by the end of the year. Below is the case for why other projects should follow our lead and how to go about doing it. Ethereum’s smart contract blockchain has […]

Read More
Announcing Polygon Pod, a Podcast From the Epicenter of Web3

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 […]

Read More
Introducing Polygon Nightfall Mainnet: Decentralized Private Transactions for Enterprise

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 […]

Read More
Introducing Polygon ID, Zero-Knowledge Identity for Web3

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 […]

Read More
Polygon Is Going Carbon Negative in 2022 With a $20 Million Pledge

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 […]

Read More
Getting Started With MetaMask on Polygon

MetaMask is the most popular cryptocurrency wallet app and browser extension used to access the Web3 universe. In just a few simple steps, you can unlock this powerful tool and begin exploring the Polygon ecosystem.  There are more than 19,000 decentralized applications (dApps) running on Polygon. That list includes DeFi protocols like Aave and Uniswap […]

Read More
crossmenuchevron-down-circle