Ethereum

Polygon

<ul><li>Polygon Labs announces a strategic partnership with WenLlama, Phoenix Labs, and Hexensio to provide sustainable support for Ethereum.</li><li>A new Layer 2 DAI contract was introduced, designed to deposit reserves into MakerDAO&#39;s DSR and support Ethereum devs through Protocol Guild.</li><li>Polygon&#39;s native token, MATIC, plans for a significant transformation into POL, offering multi-chain staking.</li></ul>Polygon Labs has announced a strategic collaboration with WenLlama, Phoenix Labs, and Hexensio, aiming to fortify the Polygon Ecosystem while providing sustainable support for Ethereum. The initiative is particularly focused on the core contracts that would be integral to Polygon 2.0.Announcing the upgrade, designed to align the growth of the Polygon Ecosystem with Ethereum at the code level, Polygon Labs shared a Twitter post:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e7e0bb9465e946028e33bb2c67df45f0.png" />The collaboration would leverage the Dai Savings Rate (DSR), where interest from the DAI bridge would be directed toward developers who build core Ethereum tooling. This is part of a broader strategy to sustainably fund Ethereum&#39;s ongoing development. The code for this entire operation is <a href="https://github.com/pyk/zkevm-dai" rel="noopener noreferrer nofollow">open-source</a>, inviting other Layer 2 teams to participate.Polygon Labs also introduced a new Layer 2 DAI contract. This contract is engineered to deposit its reserves into MakerDAO&#39;s DSR using a specialized sDAI wrapper developed by Phoenix Labs. The DSR yield generated from these deposits would be channeled to Protocol Guild, a platform that aims to provide financial support to core Ethereum developers.Read full article at <a href="https://cryptotale.org/polygon-partners-with-wenllama-phoenix-labs-and-hexensio-to-support-eth/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Polygon Partners with WenLlama, Phoenix Labs, and Hexensio to Support ETH

CryptoTale

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