Connecting Polygon to the Multi-Chain World via Hop Protocol With $200,000 in Liquidity Rewards

Connecting Polygon to the Multi-Chain World via Hop Protocol With $200,000 in Liquidity Rewards


Connecting Polygon to the Multi-Chain World with Hop Protocol and $200,000 in Rewards

June 8, 2021 – Singapore, Singapore

Polygon, the full-stack scaling solution for Ethereum, formerly known as Matic Network, has announced a $200,000 liquidity program with Hop to connect Polygon to the multi-chain world.

Hop’s vision is to connect the fragmented layer-2 landscape and enable seamless asset transfers and composability between DeFi applications on various networks. The Hop protocol provides a scalable token bridge for Ethereum’s scaling ecosystem using a two-pronged approach.

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Create a special intermediary asset called an hToken (e.g., hETH, hDAI, etc.) that can be quickly and economically moved from one network to the next. Use automated market makers (AMMs) to swap between the hTokens and their corresponding assets on each network.

The end result allows users to

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