Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The Polis project is four years old and provides a much-needed alternative to high transaction fees and slow network locks. 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 that result in 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, allowing 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 digital asset management solution, and agricultural information production. 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.
Another important project milestone, with a DeFi focus, is the recent partnership with passport.meter.io. The meter passport bridge connects the Olympus network to the Binance Smart Chain to facilitate DAI asset transfers between the two chains. Furthermore, the partnership plays a crucial role in improving liquidity in the Olympus network and the Hades exchange decentralized exchange (DEX). Hades Swap already offers various liquidity pools and trading pairs.
The Polis team is seeking more partnerships in the coming months, as well as more listing and DApp development to bring this ecosystem to the forefront of the attention of crypto developers and users.
Policeman 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 guide the future of the project.
In essence, Polis has taken a community-driven approach to creating new technology to promote the widespread adoption of cryptocurrencies and the adoption of decentralized ledgers.
To learn more about how Polis is using its native blockchain to improve DeFi, visit their website. here.
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