Polylastic Receives a Grant from the Polygon Foundation
From the Air
Polylastic, at its core, is an aggregator and a smart sentiment tracker. In simple terms, it’s an index product for the Polygon ecosystem. It is a boutique basket of assets curated from the very best of Polygon to represent exposure to an ecosystem through the lens of its supporting community and builders. POLX is a staking token that can signal support, is deflationary in nature, supports itself via a network tax, and is woven through the very fabric of the assets it represents.
Polylastic aims to be a best-of-breed distilled representation of the very best of what Polygon has to offer. It can identify trends, emergent markets and acts as a vehicle for anyone who wants exposure to the Commit chain that is Polygon; all through a singular token—POLX.
Our Contribution
As believers in Polygon, the team feels that a curated index whose assets are chosen by early adopters and supporters of the ecosystem is essential for any blockchain. Yet, it is a first of its kind. In the fragmented world of crypto, a boutique index devoted to a given chain becomes a rallying point, an epicenter that both reflects and represents the greater ecosystem. It also makes investing in Polygon simple and identifying opportunities much easier. Simply find a basket of assets that one finds appealing and go from there. We believe that Polygon is both robust and still burgeoning enough that the timing for such a product is right. From a marketing and sustainability standpoint, it helps Polygon users gain access to neighboring projects and their respective communities. It is both self and collectively supportive as the Polygon universe is strengthened by communities coming together and shared investment.
Polygon Foundation Grant
Polylastic is honored to be the most recent recipient of a Polygon grant. We have big plans in and for the ecosystem so it is truly humbling to see this level of support come so soon. Polygon, as an open-sourced decentralized protocol, needs proactive efforts at cooperation and a shared vision to see everyone thrive. As an initiative that aims to aggregate and offer tangible support to projects, Polylastic is elated to see the level of commitment Polygon is making to achieve our common goals. This grant will allow Polylastic to accelerate development and the team believes the credibility they have gained as recipients of this grant will expedite the path to adoption.
We would like to once again offer our sincerest appreciation to Polygon for this contribution. It is indeed an honor.
Why Polylastic?
- Polylastic offers a variety of indexes based off of risk models to appeal to all profiles
- Cutting edge technology, extensive due diligence, market research to ensure the best indexes for the Polygon ecosystem
- Systematic investing for broader exposure to the Polygon ecosystem via the POLX token
- Polylastic empowers users with a community weighted index; leveraging the knowledge of early adopters who live, breathe and eat Polygon
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About Polygon
Polygon is an interoperability and scaling protocol and framework for building Ethereum-compatible blockchains. It is aiming to revolutionize Ethereum by turning into an ecosystem of multiple chains, further expanding its use case, and enhancing scalability efforts.
The protocol focuses on improving some of Ethereum’s biggest weaknesses, such as making transactions faster and more efficient, improving the user experience, introducing community governance, and more.
Polygon was previously known as Matic Network but has recently rebranded. It continues to utilize and rely on the $MATIC token for governance, paying gas fees, and staking. To learn more about the project, follow them on their website and platforms below:
