Polis launches PolisChain, its first blockchain with purpose-built DEX and Yield Farming features.
Polis announced its first native blockchain PolisChain and the launch of the decentralized payments platform Olympus network.
Decentralized Finance (DeFi) is a space that is rapidly growing, and this new chain marks a significant step for the ecosystem, indicating its desire to encourage more adoption.
The HadesSwap Decentralized Exchange: A DEX For All Your Needs
Polis has also launched a dedicated decentralized exchange (DEX) for its PolisChain called HadesSwap to coincide with this announcement.
The HadesSwap platform allows users in the Polis ecosystem to exchange tokens without resorting to centralized exchanges, as well as stake Polis and other crypto-assets for returns.
Aside from supporting DAI, SOUL, BTCB, ETH and CAKE, HadesSwap also supports Metamask, a popular decentralized wallet.
HadesSwap also provides Binance Smart Chain (BSC) bridges for asset classes BTCB, ETH, CAKE, and DAI. The launch was announced by Polischain’s business DAO manager Andreas Meyer, who shared that the team at Polis Chain plans to develop payment tools, store connections, and a smart chain for payments and decentralized applications in the long run.
A New Frontier For Decentralized Finance
Apart from developing an enhanced DeFi offering, Polis has been working on a number of new features for its winging ecosystem.
PolisChain has been added to Meter.io to provide seamless connectivity between the two networks, supporting bridges for BTCB, ETH, CAKE and DAI on both networks.
A player’s wallet address determines who wins, with the opportunity to win up to 400 Polis (worth just over $100 at current market rates) if they rank high enough by November 30th.
Find out more about Polis’ Block Slasher game here.
More information about Polis:
Polis is the main asset on the Olympus Network. Olympus Network users use Polis to pay for transactions as well as transfer value within the network.
Polis Chain uses EVM-compliant smart contract technology, so developers can build applications for it. It was originally a fork of the popular payment platform DASH; in 2018, it adopted its own Proof-of-Stake rules.
Polis is governed by a decentralized autonomous organization (DAO) that elects five managers responsible for the ecosystem’s operation.
Each Polis member has the opportunity to vote on each of the positions as well as to submit and vote on specific proposals regarding the ecosystem as a whole.
With Polis, community-driven innovation drives the creation of new technology to help promote widespread cryptocurrency adoption and decentralized ledgers.