#Polygon ( $POL ) #DeFi projects are undergoing multiple invigorating projects and adoption currently across multiple protocols. These recent changes, including those on rewards programs to the cross-chain campaigns, represent increased diversification within the Polygon network, as well as offering users more diverse ways in which they can participate in the emerging decentralized ecosystem.
Stability DAO is one of the most interesting to announce, in addition to impacting the industry significantly. This ‘Community Centric’ project has recently put forward its very first ‘Community Chase’ on the Intract platform. Currently, STBL token holders can take part in the quests line that promotes the platform’s Stability #DAO and brings specific bonuses to participants. This stands as clear evidence that community-based promotions have become a more significant driver of DeFi projects than reward-based promotions and also encourage the interaction of participants in their promotion. It is a great example of #SocialMining , a technique which employs the members of the community to create content, interact with the ecosystem, and be rewarded for it, as a means of promoting decentralized projects. That no conventional modern credit organization fits into the Stability DAO framework is for the simple reason that such a model invites both awareness and engagement.
On the @Polygon network, there is something called Lanca, which gives form to cross-chain campaigns. The project unveiled a campaign to “Harvest CERs” on Polygon. Featured by Lanca’s model, CERs or Campaign Engagement Rewards add a layer of gamification and bring cross-chain capabilities. This campaign comes at the right time during what is popularly referred to as ‘Uptober;’ a month that is full of positive energies and more often great breakthroughs in the blockchain industry. It is entertaining and proactive to strengthen the activities of the community and engage participants with more scepticism towards multiple chains, which adequately compares how cross-chain mechanisms contribute to the development of blockchain.
The oracle sector in Polygon is growing very rapidly as the new product “Stork For Real Time” was recently launched by Stork Oracle. This composite oracle service (COS) is for the highest frequency of data delivery at 2000+ assets with sub-1ms latency. And given that the decentralized applications (dApps) are still changing, real-time and accurate data are valuable. To meet these needs, Stork Oracle’s solution enables dApps to obtain fast and trustworthy information while improving the scalability and functionality of the Polygon network.
Finally but importantly, NOW Wallet has adopted the current phase change in Polygon token implementation, the $MATIC to $POL change. Moving forward with Polygon’s vision to be an aggregated blockchain, $POL will perform essential functions such as payment for gas fees, staking, and governance. To achieve this, Polygon upgrades to new and better solutions that strategically position it to serve the growing number of users in the blockchain industry.
After all, the activity that has been observed within the Polygon DeFi ecosystem during the past year also reflects the role of community, speed of development, and interoperability. From social mining programs like Stability DAO’s Community Chase to data services like Stork Oracle’s COS, Polygon is set to become the next big platform for Decentralized applications and blockchain solutions. This speaks volumes about the versatility of the site; the net has no plans to slow down as more users are loaded into the system to keep making the site grow with the help of its community.
