web3wire.news
Cronos and Now Polygon
Mad Meerkat Finance (MM) announced plans to go cross-chain with its expansion to Polygon, which can bring ‘more exposure’ to the MM ecosystem.
"We are excited to be embarking on one of the major milestones in our roadmap. Since day 1, we have always wanted to scale the MM ecosystem beyond just one chain. Our goal is to become the #1 dex and ecosystem on Polygon,” Utan Boss, co-founder of Mad Meerkat, told Web3Wire.
In a Medium post published Aug. 1, the team cited a number of reasons for moving to Polygon:
- Extremely low gas-fees
- EVM-compatible
- Established marketplace (OpenSea)
- Significant potential with the size of the community, maturity of community, and funding
- High Total Value Locked on the protocol
- Lack of dominant Decentralized Exchange (DEX) ecosystem.
“The team has set aside 5% of the entire Polygon MM token supply to be distributed to our Cronos token holders, who have stuck with us through our ups and downs. Without our community, we won't be where we are today, and we only have thanks for them," the co-founder shared with Web3Wire.
Further, to kick off this new venture, the MM team is bringing 12,000 Mad Kat Non-Fungible Tokens (NFTs) to their new chain Polygon. However, the team will airdrop 10,000 of the NFTs to existing holders.
According to the team, the art is still in progress and will be ready in the next few weeks. Learn more about the upcoming MM NFTs on Polygon here.
For MM fans who don’t want to make the move to Polygon, don’t worry. According to the team’s Medium post, “There is still plenty left to build in Cronos, and we will be working hard to ensure success of all chains.”
The post outlines upcoming plans for Cronos as well as “chain-agnostic” developments, regardless of whether NFT holders happen to favor Cronos, Polygon or Ethereum.
What Is Mad Meerkat Finance?
MM Finance has one of the largest ecosystems in Cronos, offering a decentralized exchange, a yield optimizer, the Mad Meerkat NFTs, a project launchpad, and more. The platform is an automated market maker, and the exchange lies at the center of the ecosystem. MM Finance enables users to earn passive income by staking crypto assets in liquidity pools.