Expanding Fashion x DeFi, we are continuing to increase the liquidity of $MONA across both Ethereum and Polygon, where our ecosystem activity lives. The success of the Bancor whitelisting furthers the march of $MONA enhanced fashion into web3. The Bancor pool is $1.2 million in liquidity deep and filled up within a few hours. And now it’s time to keep it going into L2.
DIGITALAX was one of the first projects to launch on Polygon, particularly in the NFT ecosystem and since then we’ve been working very closely with their core team. L2s like Polygon are not a flash in the pan or temporary solution for web3 scaling. Rather, they are a robust and supportive addition to further the core infrastructure. Growing out further liquidity for $MONA on Polygon and across multiple pools on the network is essential for being able to offer a better user experience, more immediate useability and also innovate without the excessive constraints of too high gas costs or extensive arguments about energy use. This is only further compounded by Polygon’s recent merger with Hermez Network for integration of ZK-based scaling solutions.
QuickSwap DEX is instigating their new elevated rewards program for QUICK pools with a minimum of $100K liquidity on August 18th. This new rewards program runs over 6 weeks for QUICK liquidity mining for stakers and also includes a new syrup pool being generated where pooled project tokens are “dripped” to dQuick stakers over the rewards period (Currently $43million worth of dQuick is ready to be staked).
The treasury is seeding a $MONA-QUICK pool with 50K August 16th (today). If another 50K of $MONA-QUICK is matched by the community before August 18th (Wednesday) then the pool becomes eligible for the new QuickSwap rewards program and liquidity mining incentives which also initiate on August 18th.
