The Fed just met yesterday and announced a 2nd straight +0.75% interest rate hike. And how does the crypto market react?📈. The next meeting is September 20-21 2022! ​ ​ This Week We’re Covering:
 ​ ​**• Earning Yield on Polygon:** Some low-risk ways to earn yield. ​
 • Curve’s New Stablecoin: Here comes a new challenger! (Streetfighter voice) ​**• 3AC emerges:** Their first interview since disappearing.

Let’s rock and roll!

“Far more money has been lost by investors trying to anticipate corrections than lost in the corrections themselves.” – Peter Lynch

Polygon (Matic) is a set of scaling solutions designed to provide faster transactions and lower costs than the Ethereum network. 
 The most popular one is Polygon POS (Proof of Stake) which is a Sidechain. They are working on several Layer 2 ZK-rollups.

Polygon has been around since 2017. Why’s everyone talking about it now?


​ One word: Momentum.

1. Last week Polygon announced their new zkEVM Layer 2. The zkEVM uses ZK-rollups to scale Ethereum. Crucially, developers will be able to deploy existing Ethereum applications on the zkEVM. ​

2. Best in Class Partnerships. Earlier this month, Disney announced they had selected Polygon for their 2022 Disney Accelerator program. This comes on the heels of partnerships with Reddit, Facebook, Instagram, and Stripe. ​

3. Ethereum is pumping as hype builds for “The Merge.” This hype is spilling over to Ethereum scaling solutions like Polygon.

Farming Opportunities Maybe you’ve decided to invest in Polygon (MATIC). Now what? How can your MATIC work for you? ​ 

 (If you don’t own MATIC, it’s easy to find it on all the major exchanges. I use and recommend FTX)

Fortunately, Polygon has a vibrant DeFi ecosystem to safely earn yield on MATIC. We’re going to share some of the lower-risk ways to earn yield with MATIC. 

 ​ ​1) Staking directly with Polygon.

Stake Matic and receive Matic

 ​ ​APY: 10.04% ​Risk: 1/10

Stake on the official Polygon site. This method is tried and tested, but keep in mind that it takes multiple days to unstake your MATIC.

1. Liquid Staking on Lido

Provide Matic and receive stMATIC

APR: 9.07% 
 ​Risk: 2/10

Lido Finance allows you to stake your MATIC as stMATIC. stMATIC sits in your wallet and automatically accrues staking rewards.

 ​ ​This is liquid staking. Your MATIC isn’t locked up compared to staking directly. You can use your stMATIC to earn additional yield.

1. Pool MATIC-ETH on QuickSwap

Provide MATIC and ETH to the QuickSwap Liquidity Pool. Receive MATIC-ETH LP tokens. Stake MATIC-ETH LP tokens on the QuickSwap ‘Dual Mining’ farm. APR: 42.61% ​Risk: 4/10

If you don’t want pure exposure to MATIC, you can pair it with ETH in a liquidity pool. 

 MATIC and ETH correlate well with each other, so there isn’t as much impermanence loss.

QuickSwap is the premier DEX on Polygon. 

 ​ ​4) Pool stMATIC-MATIC on Beefy

​Go to the autocompounder Beefy.​ Deposit MATIC. Receive MOOQUICKSWAPSTMATIC-MATIC (that’s a mouthful). Scroll down and click the “BOOST” button to receive bonus rewards from Lido.

APY: 20.54% ​Risk: 5/10

There isn’t any impermanence loss because you’re pairing MATIC with stMATIC. You are taking on additional smart contract risks because you’re using an autocompounder.

 ​ Beefy is the only autocompounder I trust.

The Risks Involved Before rushing to buy MATIC, be sure to consider the risks.

Since Disney announced their partnership with Polygon, MATIC has already pumped over 60%. That news is priced in.
 ​ Some of Polygon’s upcoming Layer 2s will use ETH as gas. It’s not yet clear how those chains will relate to the MATIC token.
 ​ Upcoming competition from other Layer 2s. Arbitrum, Optimism, and Metis are already battling it out, while Starkware is a sleeping dragon. 
 ​ The more DeFi protocols you interact with, the greater your chance of falling victim to an exploit. Even audited protocols carry risk. Edgy’s Thoughts: I don’t own any MATIC. I’m invested in a few Layer 1s and don’t want to spread myself too thin. I do think MATIC’s a solid project to hold. No one matches them in partnerships, and they’re positioning themselves well with their investments in ZK-rollups.

Full Transparency: Patrick currently holds MATIC and Ethereum.

The Fed just met yesterday and announced a 2nd straight +0.75% interest rate hike. And how does the crypto market react?📈. The next meeting is September 20-21 2022! ​ ​ This Week We’re Covering:
 ​ ​**• Earning Yield on Polygon:** Some low-risk ways to earn yield. ​
 • Curve’s New Stablecoin: Here comes a new challenger! (Streetfighter voice) ​**• 3AC emerges:** Their first interview since disappearing.

Let’s rock and roll!

“Far more money has been lost by investors trying to anticipate corrections than lost in the corrections themselves.” – Peter Lynch

Polygon (Matic) is a set of scaling solutions designed to provide faster transactions and lower costs than the Ethereum network. 
 The most popular one is Polygon POS (Proof of Stake) which is a Sidechain. They are working on several Layer 2 ZK-rollups.

Polygon has been around since 2017. Why’s everyone talking about it now?


​ One word: Momentum.

1. Last week Polygon announced their new zkEVM Layer 2. The zkEVM uses ZK-rollups to scale Ethereum. Crucially, developers will be able to deploy existing Ethereum applications on the zkEVM. ​

2. Best in Class Partnerships. Earlier this month, Disney announced they had selected Polygon for their 2022 Disney Accelerator program. This comes on the heels of partnerships with Reddit, Facebook, Instagram, and Stripe. ​

3. Ethereum is pumping as hype builds for “The Merge.” This hype is spilling over to Ethereum scaling solutions like Polygon.

Farming Opportunities Maybe you’ve decided to invest in Polygon (MATIC). Now what? How can your MATIC work for you? ​ 

 (If you don’t own MATIC, it’s easy to find it on all the major exchanges. I use and recommend FTX)

Fortunately, Polygon has a vibrant DeFi ecosystem to safely earn yield on MATIC. We’re going to share some of the lower-risk ways to earn yield with MATIC. 

 ​ ​1) Staking directly with Polygon.

Stake Matic and receive Matic

 ​ ​APY: 10.04% ​Risk: 1/10

Stake on the official Polygon site. This method is tried and tested, but keep in mind that it takes multiple days to unstake your MATIC.

1. Liquid Staking on Lido

Provide Matic and receive stMATIC

APR: 9.07% 
 ​Risk: 2/10

Lido Finance allows you to stake your MATIC as stMATIC. stMATIC sits in your wallet and automatically accrues staking rewards.

 ​ ​This is liquid staking. Your MATIC isn’t locked up compared to staking directly. You can use your stMATIC to earn additional yield.

1. Pool MATIC-ETH on QuickSwap

Provide MATIC and ETH to the QuickSwap Liquidity Pool. Receive MATIC-ETH LP tokens. Stake MATIC-ETH LP tokens on the QuickSwap ‘Dual Mining’ farm. APR: 42.61% ​Risk: 4/10

If you don’t want pure exposure to MATIC, you can pair it with ETH in a liquidity pool. 

 MATIC and ETH correlate well with each other, so there isn’t as much impermanence loss.

QuickSwap is the premier DEX on Polygon. 

 ​ ​4) Pool stMATIC-MATIC on Beefy

​Go to the autocompounder Beefy.​ Deposit MATIC. Receive MOOQUICKSWAPSTMATIC-MATIC (that’s a mouthful). Scroll down and click the “BOOST” button to receive bonus rewards from Lido.

APY: 20.54% ​Risk: 5/10

There isn’t any impermanence loss because you’re pairing MATIC with stMATIC. You are taking on additional smart contract risks because you’re using an autocompounder.

 ​ Beefy is the only autocompounder I trust.

The Risks Involved Before rushing to buy MATIC, be sure to consider the risks.

Since Disney announced their partnership with Polygon, MATIC has already pumped over 60%. That news is priced in.
 ​ Some of Polygon’s upcoming Layer 2s will use ETH as gas. It’s not yet clear how those chains will relate to the MATIC token.
 ​ Upcoming competition from other Layer 2s. Arbitrum, Optimism, and Metis are already battling it out, while Starkware is a sleeping dragon. 
 ​ The more DeFi protocols you interact with, the greater your chance of falling victim to an exploit. Even audited protocols carry risk. Edgy’s Thoughts: I don’t own any MATIC. I’m invested in a few Layer 1s and don’t want to spread myself too thin. I do think MATIC’s a solid project to hold. No one matches them in partnerships, and they’re positioning themselves well with their investments in ZK-rollups.

Full Transparency: Patrick currently holds MATIC and Ethereum.