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Polygon News
Cryptoslate
5d
344
Image Credit: Cryptoslate
Polygon accuses Aave of monopolistic practices amid DeFi dispute
- Polygon accuses Aave of adopting monopolistic practices amid a DeFi dispute.
- The dispute is centered around a proposal to allocate locked bridge funds to yield-generating strategies, which Aave opposes.
- Polygon accuses Aave of resorting to threats and practicing monopolistic tactics.
- Aave defends its stance, stating that it acted in the interest of user security.
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20 Likes
TheNewsCrypto
5d
160
Image Credit: TheNewsCrypto
Polygon Co-Founder Slams Aave Leadership as ‘Monopolistic’
- Aave proposes freezing bridged assets on Polygon to mitigate risks.
- Polygon's governance opposes Aave's proposal, citing anti-competitive concerns.
- Aave community debates ceasing operations on Polygon due to risk profile concerns.
- Polygon co-founder slams Aave leadership as 'monopolistic' in response to proposal.
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9 Likes
Crypto-News-Flash
1w
414
Image Credit: Crypto-News-Flash
Polygon Mulls $1 Billion Stablecoin Deployment for Yield Generation: Community to Decide
- Polygon is considering deploying $1.3 billion in stablecoins to boost ecosystem growth.
- The proposal includes risk-managed strategies and community oversight.
- The stablecoin reserves will be allocated to yield-generating protocols through strategic partnerships with Allez Labs, Morpho, and Yearn.
- The plan aims to stimulate activity growth within the Polygon ecosystem and expand its DeFi offerings.
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24 Likes
TheNewsCrypto
3w
141
Image Credit: TheNewsCrypto
Polygon (MATIC) Price Prediction 2024, 2025, 2026-2030
- Polygon (MATIC) price prediction for 2024 ranges from $0.297 to $1.284
- Bullish Polygon (MATIC) price prediction for 2025 is $4, while the bearish prediction is $0.1
- Polygon (MATIC) is a layer-2 blockchain that uses a proof-of-stake consensus mechanism
- Polygon (MATIC) serves as the primary payment token and governance token on the Polygon Network
- Polygon (MATIC) might reach $2 soon with favorable market momentum and investors' sentiment
- Polygon (MATIC) price movements are similar to Bitcoin (BTC) and Ethereum (ETH)
- Polygon (MATIC) price might reach $15 by 2030, with gradual increases each year
- Polygon (MATIC) hit its all-time high of $2.92 on December 27, 2021
- Traders can trade Polygon (MATIC) on major cryptocurrency exchanges such as Binance and OKX
- The views expressed in this price prediction are the author's and do not represent investment advice
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8 Likes
Coinjournal
7d
83
Image Credit: Coinjournal
Lido Finance to discontinue its products on Polygon starting Dec. 16
- Lido Finance, the largest liquid staking protocol in the decentralized finance (DeFi) ecosystem, will end its staking operations on Polygon starting Dec. 16, 2024.
- The decision is due to low adoption, zkEVM transition, and a focus on Ethereum.
- Users must unstake MATIC before June 16, 2025, to avoid using explorer tools for withdrawals.
- Lido Finance remains committed to prioritizing its Ethereum-based services.
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4 Likes
Cryptoslate
7d
369
Image Credit: Cryptoslate
Aave mulls Polygon exit over risky stablecoin proposal
- The Aave community is evaluating a proposal to withdraw the lending protocol from Polygon’s Proof-of-Stake (PoS) chain.
- The founder of Aave Chan suggested Aave should adjust risk parameters for its deployments on the Ethereum layer-2 blockchain and eventually exit the Polygon network.
- This move is driven by potential risks associated with Polygon's plan to rehypothecate stablecoin reserves and concerns about security vulnerabilities.
- Aave's proposed withdrawal would only impact a small percentage of its total value locked (TVL) and fee revenue.
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22 Likes
Livebitcoinnews
7d
253
Image Credit: Livebitcoinnews
Quadratic Accelerator Redefines Token Launches on Polygon zkEVM
- Quadratic Accelerator (q/acc) has launched on Polygon zkEVM, offering a fresh approach to token launches.
- q/acc focuses on community-driven support and long-term value creation rather than speculative investment.
- The protocol limits contribution and avoids whale influence, ensuring a more equitable launch process.
- q/acc aims to set a new standard for fair and liquid token launches in the Web3 space.
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15 Likes
TechBullion
1w
110
Image Credit: TechBullion
SilentSwap Integrates Squid to Unlock Next-Level Cross-Chain Access to Crypto Ecosystem
- SilentSwap has integrated with Squid to simplify cross-chain token swaps.
- The integration aims to enhance the user experience in decentralized finance (DeFi).
- Squid supports swaps across 80+ EVM and Cosmos chains, offering easy access to dApps.
- SilentSwap provides privacy-first swaps without the need for an account, offering 24/7 professional support.
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6 Likes
TronWeekly
2w
380
Image Credit: TronWeekly
MATIC’s Bullish Divergence Signals 300% Surge Towards New All-Time High: Report
- MATIC signals a 300% surge, with a potential new all-time high of $2.879, driven by bullish divergence.
- Strong momentum continues as MATIC rises 12% in a week, backed by bullish technical indicators.
- Rising demand in DeFi and NFTs strengthens MATIC’s position, paving the way for future price growth.
- MATIC is primed for a massive move higher, with excellent technicals and buying pressure driving the price higher.
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22 Likes
TechBullion
2w
406
Image Credit: TechBullion
Dogecoin and Polygon Investors Move To 1Fuel As It Redefines DeFi With 500% Presale Returns
- Dogecoin (DOGE) and Polygon (MATIC) investors are showing interest in 1FUEL as it offers a 500% presale return.
- Dogecoin has maintained consolidation around $0.4795 and is predicted to have a major rally.
- Polygon has struggled to gain traction and faces competition from 1FUEL, a privacy-focused cryptocurrency.
- 1FUEL's presale offers unique features like one-click, one-transaction ecosystem and improved privacy and security measures.
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24 Likes
Dev
2w
423
Image Credit: Dev
How to Run a Polygon Node: A Complete Guide
- This guide covers the steps to set up and run a Polygon node, enabling you to actively engage with one of the leading blockchain networks. By running a Polygon node, you can actively participate in the network and perform various tasks such as development, staking, or simply contributing to decentralization.
- Polygon is a Layer 2 Blockchain designed to address Ethereum’s scaling challenges, enabling faster transactions and significantly lower costs running alongside Ethereum. By running a node, you help maintain the network while enabling faster and more reliable interaction with Polygon’s infrastructure.
- There are two main types of Polygon nodes you can run: Full node and Validator node. For the scope of this tutorial, we'll be running Polygon Full Node.
- Prerequisites for running a Full Node include a virtual machine with at least 8 vCPUs, 32GB RAM, and 2TB SSD, and Ubuntu 22.04 VM.
- Steps to run a Polygon Full Node include setting up a NodeShift account, requesting a custom quote, selecting configuration for required nodes, connecting to the compute node with SSH, and preparing the system for installation.
- Further steps include installing and configuring Heimdall and Bor nodes, starting Heimdall and syncing the data from the Polygon network using a snapshot, and then starting the Bor node.
- NodeShift, which provides high-compute Virtual Machines at an affordable cost, is used in the tutorial to deploy the requested resources into your account.
- This guide provides a step-by-step walkthrough for setting up your own Polygon node, allowing you to support decentralization and leverage its capabilities for scaling Ethereum and building decentralized applications.
- Running a Blockchain Node is often considered a heavy-duty task in terms of resources and expenses, but with NodeShift, you can make this process simpler and more efficient with its robust compute resources offered at a much more affordable rate.
- NodeShift has customized solutions for projects of all scales, making it simpler and more efficient for beginners, experienced developers, and enterprises to run blockchain nodes.
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25 Likes
Global Fintech Series
2w
26
Image Credit: Global Fintech Series
Brighty Raises $10 Million to Enable Crypto Payments in the Real World
- Brighty, a digital finance platform, raises $10 million in funding from Futurecraft Ventures.
- The funds will be used to expand Brighty's presence in Europe and the UK.
- Brighty enables crypto-card payments in the real world, combining traditional digital banking with stablecoins and decentralized finance.
- Users can seamlessly exchange crypto, send money, and earn daily rewards on stablecoin card balances.
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1 Like
Crypto-News-Flash
3w
132
Image Credit: Crypto-News-Flash
Top 5 Altcoins for December 2024 You Shouldn’t Miss
- Dogecoin leads meme coins with strong community support and renewed attention driven by Elon Musk’s involvement and endorsements.
- Stacks introduces decentralized sBTC, a transparent and censorship-resistant version of wrapped Bitcoin, which enhances trust and multi-chain interoperability.
- Cardano shows a strong comeback with a 180% rise over the past month, attributed to market conditions and speculation on Charles Hoskinson’s role in the next U.S. government.
- Raydium, a decentralized exchange on Solana, experiences a 64% rise in the previous 30 days and a 1327% increase over the past year, riding the momentum of Solana's growth.
- Polygon, formerly known as MATIC, gains fresh investor optimism with a recent 60% increase and offers innovative use cases in gaming and DeFi.
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7 Likes
Hackernoon
3w
39
Image Credit: Hackernoon
Cybersecurity in Crypto: Trends, Tactics, and Transformations
- The cryptocurrency market's rise has attracted attention from investors and malicious actors.
- Phishing campaigns and scams in the crypto space have resulted in over $350 million in losses.
- Ethereum-based attacks account for 75% of incidents, with USDT being the most targeted asset.
- Polygon has emerged as the second most targeted blockchain network for phishing attacks.
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2 Likes
Cryptoslate
4w
893
Image Credit: Cryptoslate
Polygon Labs CEO says bias against Indian co-founder hindering network’s growth
- Polygon Labs CEO Marc Boiron suggests that bias against co-founder Sandeep Nailwal, who is of Indian heritage, is hindering the network's growth.
- Boiron believes that if Nailwal were not Indian, Polygon would have been embraced more in the web3 community.
- He points to discriminatory remarks and racial slurs as evidence of the underlying bias.
- Despite the claims, Polygon remains a prominent player in the industry, but faces competition from newer Ethereum layer-2 networks.
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11 Likes
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