[Polygon] #DeFiforAll Phase 2: Polygon DeFi Summer continues, with 85 Million+ USD Liquidity Rewards for…
#DeFiforAll Phase 2: Polygon DeFi Summer continues, with 85 Million+ USD Liquidity Rewards for Aave’s Polygon Markets
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.
What are you waiting for? Join Phase 2 of Liquidity Mining here: https://app.aave.com/markets
Figures using 1 MATIC = $1.7 USD
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.
#DeFiforAll Phase 2: Polygon DeFi Summer continues, with 85 Million+ USD Liquidity Rewards for… was originally published in The Polygon Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.