[Polygon] Pickle.Finance launches on Polygon
28th June — We are excited to announce that the yield aggregator, Pickle Finance, is launching on Polygon. Pickle Finance consists of Pickle Jars and Pickle Farms. The Jars compound the user’s returns from other protocols while the Farms provide the user with Pickle emissions for staking their Jar tokens.
There are multiple Farms hosted on Pickle. These allow users to farm PICKLE token rewards based on staking various assets. Each of these farms requires a different token to be staked.
For instance, the Pickle Power pool requires staking Uniswap PICKLE/ETH LP tokens.
Dual Rewards: Joint Liquidity Incentivisation
Polygon will be providing rewards worth 12,500 USD MATIC per week, spreading over 8 weeks, summing up to 100K USD Matic. This will add to the existing reward of 0.1 Pickle per block, roughly summing up to 44,000 USD, at the time of writing this.
Pickle has also launched eight strategies, to help the users maximize the rewards.
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+ distinct 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.