What’s New - March 2022

We at Polygon are thankful every day for our community of developers, validators, and users that help our ecosystem grow. Today we’re sharing a few small updates to Polygon’s wallet suite that were inspired by feedback and suggestions from our community.

🔥 Mobile Burn, Matic, Burn

A few weeks ago we launched the MATIC burn console, and the good news is it’s now available on mobile. Check out the polished new UI by our product design team:

Burning MATIC tokens is an amazing way to help contribute to the MATIC ecosystem, and by our estimates we may burn around 0.27% of total supply per year:

  1. Deflation: As we grow, more users will burn more and more tokens, making MATIC deflationary and keeping less tokens in the entire ecosystem.
  2. More predictable gas prices: Burns help ensure that gas prices don’t fluctuate as much.
  3. Better offerings for validators and delegators: Deflationary MATIC means more value accrued to the tokens offered to validators and delegators over the long run.

To help contribute to the deflationary Polygon ecosystem, go ahead and burn MATIC on Polygon and don’t forget to complete the follow up step of burning on Ethereum.

📃 Get the Right Tokens With Polygon Token Lists

As the Polygon ecosystem has grown, so have the number of ERC-20 tokens usable across the protocol, whether you’re using them in games, or DeFi apps or investing in an up and coming project. To ensure users have better access to legitimate tokens and to give token creators a way to get in front of those users, we’re introducing Polygon Token Lists.

To use one of the new lists while using the Polygon Bridge, when selecting a token, simply click the Manage Token Lists button at the top of the list. Then choose the token list(s) you want to select from:

Read all about this new change on our blog.

🌉 See your deposits and withdrawals on the Bridge

There’s never been more people bridging their assets to Polygon - in fact Polygon’s Bridge was recently the 3rd most used dApp on Ethereum.

That’s a lot of transactions, and that’s why we’ve added the new deposits and withdrawals pages in the Bridge Explorer to help you see your transactions in a clearer, easy to use interface.

🔍 A few tweaks for Validators

After community feedback, we’ve made a few updates to help validators get the info they need faster. You’ll now see:

  • Node and missed checkpoint status: When validators need get an update on a node’s status, including it’s online/offline status and checkpoints missed, they can now just glance at this new section. It will help make sure validators can quickly get up to speed on any issues.
  • Unbond alert: This helps validators monitor how frequently delegators are doing unbonds for their node.
  • Sort stake by descending by default: Validators can now see the validators with the highest stake at the top, rather than scrolling to the bottom.

If you're an Ethereum Developer, you're already a Polygon developer! To leverage Polygon’s fast and secure transactions for your dApp, get started here. Keep up with the latest ecosystem developments on our blog.

Let’s bring the world to Ethereum!

Website | Twitter | Ecosystem Twitter Developer Twitter | Studios Twitter | Telegram | Reddit | Discord | Instagram | Facebook | LinkedIn

More from the Polygon Blog
Polygon Reaches First Sustainability Milestone by Achieving Network Carbon Neutrality

Polygon has made a major first step toward becoming carbon negative with the retirement of $400,000 in carbon credits representing 104,794 tonnes of greenhouse gasses, or the entirety of the network’s CO2 debt since inception.  The milestone comes after Polygon in mid-April released its Green Manifesto, part of its broader vision for sustainable development. The […]

Read More
State of Governance #2: Identity & Reputation

Clink Clank For a period of time, democracy in ancient Athens was exercised in a peculiar way.* Every eligible voter, when entering the hall, would receive a single pebble to be cast in one of two urns during assembly, signifying approval or disapproval on an issue. Athenians, understanding the significance of votes being cast anonymously, […]

Read More
Accelerating the Energy Transition With Reneum on Polygon

Given the urgency of the climate crisis, it may come as a surprise that the fossil fuel industry receives about half a trillion dollars a year in government subsidies. The truly shocking part is that renewable energy alternatives get less than a third of that. Reneum is trying to right the imbalance by using blockchain […]

Read More
Polygon Funds Web3 Development With $100,000 Pledge to Gitcoin Grants Round 14 

Polygon is donating $100,000 to Gitcoin Grants Round 14 to ramp up the on-going support for new projects building on the Polygon ecosystem. The core team has already pledged $1 million to Gitcoin over five quarterly grants until December 2022 in order to help and encourage the growth of Web3. Who is eligible Applications for […]

Read More
Why Neobanks Will Lead TradFi’s Shift to Web3

Conventional wisdom has it that traditional finance (TradFi) and decentralized finance (DeFi) go together like vampires and garlic. But there is one area of TradFi where that black-and-white picture shades into gray. This is the case for why neobanks will be key to bridging these two worlds. Neobanks, or digital banks, are basically banks without […]

Read More
crossmenuchevron-down-circle