We have exciting news for the YVS Finance community!
After successfully launching our entire platform on Ethereum at the end of last year and on Binance Smart Chain in the first quarter of 2021, we're very happy to share that YVS Finance will expand to yet another blockchain - Polygon!
If you haven't heard about Polygon (formely MATIC), please check out their Twitter page: https://twitter.com/0xPolygon
Polygon is a layer-2 solution network operating as a "side-chain" on Ethereum (although it is much more than that!) which allows for extremely fast and cheap transactions on their network.
We requested a bridge to their network last week and we are happy to share that it is now live and ready to be used, we also tested it ourselves!
How can I use the network?
The network is easy to set-up and use - the same as Binance Smart Chain if you are already using it.
The easiest way is to head over to https://quickswap.exchange/#/swap, the DEX provider on Polygon network and click on the "Switch to Matic" button to automatically register the network in your wallet provider.
Right now we suggest our users to use MetaMask to connect to the services on the new network, although other wallets could work completely normally.
The Matic wallet and bridge platform can be accessed here:
After connecting with your wallet you will be brough to the dashboard view:
You will be granted an amount of 0.10 MATIC for connecting to their platform which can be used to cover initial transaction fees on the Polygon network (remember - transactions are very cheap!).
After that, if you wish to move your YVS tokens to their network, you need to click on the "Move funds to Matic Mainnet" button.
The only thing left is to select YVS Finance from the dropdown menu to select our token and input the amount you would like to transfer over to Matic mainnet.
Two transactions are needed (approval and deposit function) and in a few minutes (7-8 on average) your tokens will be available on their network! Congratulations!
You can follow the status of the transaction using the web wallet.
What will happen next?
In a few days, we will set up the YVS Finance platform on Matic mainnet as we have already done on Ethereum and Binance Smart Chain. We will start with a staking pool and two liquidity pools to kick off the platform and see what kind of community response we can await.
We will be offering:
- YVS staking pool,
- YVS-MATIC liquidity pool,
- YVS-ETH liquidity pool.
All of the liquidity pools will be set up on QuickSwap. You can find more information here:
Moving funds back to Ethereum
The bridge always locks tokens which are used over it, which means that users ALWAYS have the possibility to move back to Ethereum. That's what is amazing about cross-chain operations!
So, what are you waiting for? Set your calendars ready and head over to Polygon's (Matic) platform and start testing out the bridge as we prepare for the launch!
The first few days will allow for a lot of profits as we step into a new journey for YVS Finance! Thank you to everyone who is standing behind us so far! We appreciate all your support!
Find out about our other accomplishments in our summary below: