Today we’re excited to be adding two of the most popular crypto assets to the Blockchain.com Exchange — Polygon (MATIC) and Maker (MKR).
The rise of DeFi and NFTs has put enormous pressure on the Ethereum network. Polygon has emerged as one of the most promising solutions for scaling Ethereum, with its Layer 2 sidechains that enable faster and cheaper transactions. MATIC is the token that powers the Polygon network. The more Polygon is used for scaling Ethereum, the more demand there is for MATIC.
Maker was one of the first and continues to be one of the most influential DeFi projects. It’s a smart contract lending platform that enables users to take out loans by locking-in collateral in exchange for the DAI stablecoin. MKR is the governance token of the Maker system. Holders have voting rights over the development of the Maker protocol.
Initial trading pairs for these new assets include MATIC-USD, MATIC-USDC, MATIC-USDT, MKR-USD, MKR-USDC, MKR-USDT.
If you’re new to the Exchange, be sure to check out Simple Trade which enables you to quickly and easily buy these assets using USD, GBP, and EUR.
Log into the Exchange to get started trading.
About Polygon (MATIC)
Polygon is a platform design to support infrastructure development and help Ethereum scale. Its core component is a modular, flexible framework (Polygon SDK) that allows developers to build and connect Layer-2 infrastructures like Plasma, Optimistic Rollups, zkRollups, and Validium and standalone sidechains like the project’s flagship product, Matic POS (Proof-of-Stake). Polygon rebranded from Matic Network in February 2021 and pivoted towards supporting multiple Layer-2 infrastructure. It will continue to support the Matic POS sidechain and Plasma-based payment system, which currently hosts over 90 applications. (Messari)
About Maker (MKR)
Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai’s stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings. (Messari)
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Polygon (MATIC) and Maker (MKR) now available on the Blockchain.com Exchange was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.