Tuesday, January 18

Polis turns 4 and increases focus on decentralized financial opportunities

Key facts:
  • The Olympus Network sidechain provides less gas and faster blocks.

  • The Polis ecosystem allows users to exercise governance rights and unlock rewards.

The Polis project is four years old and provides a much-needed alternative to high transaction fees and slow network blocks. PolisPay, an emerging service at the heart of the Polis ecosystem, will facilitate the exchange and storage of cryptocurrencies or the purchase of gift cards as a result of bringing advanced technology to payment systems. The Polis ecosystem continues to grow by leaps and bounds and will then tackle the decentralized financial space.

Polis has achieved numerous milestones in recent years. The project has come a long way and now offers many features, products, and solutions. For example, the Polis ecosystem includes hardware wallet support, which allows users to exercise governance rights, participate, and unlock weekly rewards.

A sidechain like Olympus Network, which provides less gas and faster blocks, thrives thanks to a growing variety of decentralized applications (DApps). Notable examples include Hades Swap, a community-driven DeFi hub, Gnosis Safe, a yield farming information and digital asset management solution. The network is fully compatible with the MetaMask wallet, which can be accessed through browsers and mobile devices.

One of the upcoming features we look forward to is PolisPay. It serves as a wallet that provides various functions related to cryptocurrencies, including the exchange and storage of crypto assets, the purchase of gift cards, and the recharging of cell phone balances.

Partnerships to advance

Another important project milestone, with a DeFi focus, is the recent partnership with passport.meter.io. Meter’s bridge passport connects the Olympus network to the Binance Smart Chain to facilitate DAI asset transfers between the two chains. In addition, the association plays a crucial role in improving liquidity in the Olympus network and decentralized exchange. Hades Swap (DEX). Hades Swap already offers various liquidity pools and trading pairs.

The Polis team is looking for more partnerships in the coming months, as well as more listing and DApp developments to bring this ecosystem to the forefront of the attention of crypto developers and users.

About Polis

Police It is the main asset of the Olympus Network. It allows users to pay transaction fees as well as transfer the value stored in Polis within the network. Olympus is EVM compliant, which means that developers can build applications that use smart contract technology and migrate them from competitive networks like Ethereum.

Polis is governed by a decentralized autonomous organization (DAO) that elects five managers responsible for the operation and strategic vision of the project. Any member of the Polis community can vote for each of the positions, submit and support specific proposals and help direct the future of the project.

In essence, Polis has taken a community-driven approach to creating new technology that promotes the widespread adoption of cryptocurrencies and decentralized ledgers.

To learn more about how Polis is using its native blockchain to improve DeFi, visit their website here.

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Media contact:

Maria Sidorova / [email protected]

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