What’s Possible With Polygon
In one of our first Weiss Crypto Sunday Specials, Juan Villaverde introduced us to Layer-2 (L2) solutions — protocols that sit atop the base layer blockchain to improve functionality.
Polygon is an aggregator of different scaling solutions on the Ethereum (ETH, Tech/Adoption Grade “A”) network. As we saw earlier this year, Ethereum’s blockchain isn’t built to handle the increased volume it experienced as investors piled in. That’s where Polygon comes in. By adding scaling solutions, it allowed investors to trade ETH quickly and for a fraction of the price when others were paying well over $100 in gas fees.
But according to Marija, that’s just the tip of the iceberg when it comes to what’s possible on the Polygon network, particularly when you add in the growing decentralized finance (DeFi) revolution.
In DeFi, Polygon has enabled larger yields and rewards because of the compounding effect, which is larger. Investors can claim rewards every couple of minutes, very often, and reinvest those rewards into the principal and increase the amount of future rewards. If the transactions are so cheap and very fast, like two seconds, you get larger yields in DeFi; it's more usable in DeFi. That’s what makes farming on Polygon so attractive.
In this week’s interview, Chris and Marija discuss:
• The future of Ethereum with its L2 solutions.
• The various platforms being built on Polygon ... and the various opportunities they represent.
• How investors can use Polygon to earn yields that blow anything in the legacy financial market out of the water.
With inflation rising and interest rates staying stagnant, high-yield investments should be at the top of every investor’s watch list. I suggest you watch the full video to learn more.