The team behind PolisPay, the decentralized payments platform, recently launched HadesSwap as a dedicated decentralized exchange (DEX) for the PolisChain.
Using HadesSwap, users of the Polis ecosystem can trade ecosystem tokens without needing a centralized exchange, as well as stake Polis and other crypto assets for returns.
HadesSwap currently supports DAI, SOUL, BTCB, ETH, and CAKE, and is compatible with Metamask, a popular decentralized wallet.
Along with this announcement, PolisChain was launched – the first native blockchain to fuel the Polis ecosystem that includes Olympus.
A significant development for the blockchain ecosystem, the new chain signals the project’s efforts to increase adoption with a particular focus on decentralized finance (DeFi).
In addition to HadesSwap, Binance Smart Chain (BSC) now supports assets such as BTCB, ETH, CAKE and DAI. Speaking about the launch, PolisChain’s DAO manager Andreas Meyer said:
“In the long term, the Polis Chain team will focus on payment tools, merchant connections and online stores, creating a smart chain for fast payments and decentralized applications”
Polis – A Decentralized and Secure Financial System
Polis has been focusing on developing several new features for its gateway ecosystem in addition to the new DeFi offering. This includes the recent addition of PolisChain to Meter.io, which linked PolisChain to BSC, offering support for BTCB, ETH, CAKE, and DAI on both networks.
The Meter.io platform is a highly decentralized Ethereum scaling solution with a built-in metastable gas currency. The layer-two protocol connects Ethereum and other blockchains, allowing smart contracts to scale and communicate seamlessly through heterogeneous blockchain networks.
Polis Block Slasher – Free Crypto Game
Additionally, the Polis team released Polis Block Slasher in October 2021, which enables players to win Polis in a free-to-play game, which encourages wider adoption of the ecosystem. In the game, players’ wallet addresses are randomized, with the chance to win up to 400 Polis (worth around $100 at today’s market rate) if they position themselves in the top 10 by November 30th.
On the Olympus Network, Polis is the main asset. It allows users to pay for transaction fees, as well as to transfer value within the network. In 2018, the network adopted its own Proof-of-Stake rules and became EVM-compatible, allowing developers to build applications that make use of smart contract technology. Polis Chain began as a fork of popular payment platform DASH and became EVM-compatible in 2019.
Furthermore, Polis is governed by a decentralized autonomous organization (DAO) that elects five managers responsible for the ecosystem’s operation. The members of Polis can vote for each of the positions as well as propose and vote on specific proposals related to the ecosystem’s future.
Polis promotes the adoption of cryptocurrency and decentralized ledgers through a community-driven approach at its core.
Check out Polis’ website to learn more about the way its blockchain is revolutionizing DeFi.
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