Tech, Polygon, Staking, News Successful “graduates” will ship as much as 15% of native token provide to POL stakers and hook up with the Agglayer community.
Polygon has launched the Agglayer Breakout Program to assist initiatives constructing on the Agglayer and Polygon proof-of-stake (PoS) ecosystems in a lift for POL token stakers.
The program combines incubation and community-focused funding to assist founders develop and launch initiatives, with profitable “graduates” airdropping 5%-15% of their native token provide to POL stakers and integrating with the Agglayer community.
It offers hands-on assist from Polygon Labs, funding, and entry to ecosystem sources to assist initiatives develop shortly and hook up with Agglayer’s unified consumer base and liquidity.
Agglayer, quick for aggregation layer, could be considered an internet of networks that appear like a single chain to a consumer. It depends on zero-knowledge (ZK) proofs, a sort of cryptography that enables one get together to show a chunk of data to a different with out sharing particulars.
For instance, one can show to a blockchain that they’ve sufficient funds to pay one other particular person with out exhibiting their pockets stability. The community verifies the fee, however monetary particulars stay personal. This is in contrast to common blockchains or banking networks that reveal particulars.
That makes it attainable to construct refined monetary and gaming functions, amongst others, that enable the constructing of a trustless ecosystem (as public particulars might appeal to menace actors).
Among the primary cohort of the breakout program is Privado ID, a ZK-based identification framework, which has totally graduated and plans to airdrop 5% of its token provide to POL stakers. Miden, a ZK-centric chain led by a former Facebook blockchain alum, is nearing commencement and can airdrop 10% of its tokens. A DeFi chain, nonetheless in stealth, is ready to airdrop 15%.
These Airdrops present POL stakers with new tokens, rising the utility of POL as extra chains launch. Snapshots to find out airdrop eligibility will start subsequent week, and stakers can take part by staking POL as of Wednesday.
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