Bug in Aave V2 on Polygon Network Prevents Users from Accessing Over $100M in Assets
A bug in Aave V2, a decentralized finance (DeFi) lending protocol on the Polygon network, has caused users to be unable to interact with around $110 million worth of assets on the platform. The issue is due to an incompatible upgrade to the ReserveInterestRateStrategy contract deployed on Polygon.
Polygon, Solana, Algorand Collaborate on $50M Cross-Chain Investment Fund
Algorand, Solana, and Polygon have collaborated to create a $50 million cross-chain investment fund, the Cross-Chain Ecosystem Investment Fund, managed by Borderless Capital. The fund will invest in startups that utilize the Wormhole cross-chain messaging protocol. The Algorand Foundation, Solana Foundation, and Polygon Ventures are among the participants in the fund, along with other investors. Wormhole is a popular cross-chain messaging protocol that connects liquidity and users across more than 20 blockchain networks. The fund's creation provides more incentive for crypto developers to address Wormhole's cross-chain security challenges.
Elon Musk’s Recent Tweet About Milday NFT Caused a Spike in Its Value
Elon Musk's recent tweet about Milday NFT caused a spike in its value, similar to what happened with Dogecoin after Musk endorsed it. While established blockchain providers Solana and Polygon are facing challenges, TMS Network is thriving, having increased by 1700% since its presale event.
Web3 Reinvented: Polygon Labs, Sequence Join Forces To Transform Infrastructure
Horizon, the creators of Sequence, have announced a partnership aimed at redefining Web3 infrastructure, which has had a significant impact on Polygon's governance token MATIC, with an increase of nearly 3% in the past 24 hours. The partnership will bolster the infrastructure and signify a positive step forward for the Web3 ecosystem. The seamless integration of Sequence's smart wallet and infrastructure stack on Polygon Supernets will pull business enterprises into the ecosystem. Both Polygon and Sequence will offer credits to incentivize developers to build on the platform, which will have a strong effect on how quickly the Web3 infrastructure will improve.
Earn Alliance Integrates Chainlink VRF for Fair and Transparent NFT Minting in Last Remains Game on Polygon Mainnet
Earn Alliance, a Web3 gaming community and service provider, has integrated Chainlink's Verifiable Random Function (VRF) on Polygon's mainnet to ensure a fair Genesis NFT mint for their battle royale game, Last Remains. This integration provides a secure and verifiable source of randomness. Earn Alliance offers a range of services to Web3 games, including community building, marketing NFT launches, and player onboarding. Their commitment to fair play, transparency, and user experience is evident in their selection of Chainlink VRF and future plans to offer a comprehensive smart contract-free mint service. This partnership sets new standards in the Web3 gaming industry.
Solid World and Masa Launch Carbon Liquidity Pool on Polygon with Airdrop Campaign for Mangrove Restoration Projects
Solid World has partnered with Masa to launch a carbon liquidity pool on the Polygon blockchain, aimed at revolutionizing funding for Mangrove Restoration projects. The initiative seeks to democratize access to funding opportunities and make financing nature restoration accessible to everyone while earning strong sustainable yields. Solid World is inviting new players to its dedicated Web3 community to participate in a rewards airdrop event and earn an exclusive community badge, the “Solid World Whale” SBT. The airdrop offers a prize pool of $4,000, which consists of CRISP-M tokens from Solid World’s CRISP Scored Pool, and a total of 50 lucky winners will each receive $80 worth of CRISP-M tokens on Polygon.
Polygon Skyrockets to New Heights: Record-Breaking Growth and Transaction Volume Surge
Polygon's zkEVM has experienced a significant increase in Total Value Locked (TVL), with a 70% growth since its launch, marking the largest week-over-week jump. This growth has had a positive impact on numerous DeFi protocols, including QuickSwapDEX, which saw a 25% gain.
Crypto Price Prediction: BNB, Cardano and Polygon
On Wednesday, Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) were attempting to break through key resistance levels as cryptocurrency prices rose. Bitcoin bounced back above $27,400, while other coins such as XRP, Dogecoin, and Litecoin also saw gains. However, the broader cryptocurrency market remained largely flat due to investor caution surrounding US debt-ceiling sentiment. In terms of short-term price predictions, BNB was trading at $314 with resistance at the 20-day and 50-day EMAs, while ADA was above $0.37 and needed to break past $0.40 to target the recent uptrend peak of $0.46. MATIC was trading at $0.87 with resistance at $0.91, and a potential target of $1.00 if the bulls succeed.
Ambition Made to Counteract Ambition: DAO Governance and Bicameralism
Lido's dual governance proposal and what DAOs can learn from constitutional engineering
Polygon Network Developers Highlight Significant Growth in Polygon ID and Launch Nailwal Fellowship for Web3 Migration
Developers on the Polygon network have reported significant growth in the use of Polygon ID's Identity Infrastructure tools. Kaleido, an enterprise-grade Web3 platform, is among the few on the list of collaborators building on the Polygon ecosystem. The platform has integrated with Polygon PoS, Polygon ID, Polygon Edge, and many other extensions, making it easier to use.