Breaking News: On February 15, Hotpot will be officially deployed on Polygon!
Hotpot Sets, as a professional Uniswap V3 market maker platform, has been very popular since its launch in February last year. Over the past year, from the perspective of DeFi investors and crypto asset managers, Hotpot has continuously expanded the platform’s strategy compatibility and enhanced the flexibility of the mechanism, bringing considerable benefits to medium and long-term users.
Not only that, from the single deployment of Ethereum in the initial contract to the deployment of the Arbitrum network in the V3 version, Hotpot has given users full options on the blockchain network that supports platform applications. On the 15th of this month, the Hotpot V3 contract will be successfully deployed on the Polygon network, a core member of Ethereum Layer 2!
Why did Hotpot platform choose Polygon? There are two reasons.
(1) The leading decentralized exchange “Uniswap” was deployed on Polygon
On December 23, 2021, Uniswap was officially deployed on the Polygon mainnet. Previously, in addition to Ethereum, Uniswap has been deployed on two L2 systems, Arbitrum and Optimism, and the proposal deployed on Polygon this time can be described as an exceptionally high community vote (supported by more than 72 million UNI token holders).
As a long-term bearer and market maker of Uniswap, it is obviously inevitable that the Hotpot Sets platform will follow Polygon’s contract deployment.
(2) DeFi ecological projects form agglomeration effect on Polygon
Although Polygon is only a side chain (the predecessor of Matic Network), the TVL of DeFi ecological applications has been rapidly trending towards Polygon since the middle and late last year. According to Debank data, the TVL of the DeFi section on Polygon has surpassed Heco with $4.95 billion from July 2021 ($5.2 billion at the end of the year), becoming the third largest DeFi ecological carrier after Ethereum and BSC.
Because of lower gas fees and smooth interactive experience, more and more star projects have begun to be attracted by Polygon, such as AAVE, Curve, SushiSwap, Wault, Balancer, and QuickSwap. Polygon, which can quickly accumulate such a large amount of traffic in a short period of time, is undoubtedly a popular choice for DeFi investors.
After the Hotpot contract is successfully deployed on Polygon, what changes will it bring to the platform and users?
For the platform, on the one hand, it can attract more crypto asset managers or institutions that focus on the Polygon network to participate in Hotpot. On the other hand, it can attract more DeFi project investors, and then grow the platform TVL and realize the further growth of Hotpot.
For users, the lower investment cost (transaction gas fee) than Ethereum and possibly higher Uniswap liquidity than Arbitrum are attractive. There is no doubt that Hotpot has opened up a new choice of wealth that is hard to refuse.
On February 15th, We look forward to witnessing the new leap of Hotpot Sets with you!
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