Polygon (MATIC) Entices Terra Projects to its Chain with the Launch of an Uncapped Migration Fund

Polygon (MATIC) Entices Terra Projects to its Chain with the Launch of an Uncapped Migration Fund


Ethereum World News
2022-05-25 17:12:51

Summary: Polygon (MATIC) has launched an uncapped fund to assist Terra projects willing to migrate to its chain. Financing of the fund will come from $450 million already raised by Polygon, its treasury, and a $100 million ecosystem fund. Polygon is willing to deploy more capital for Terra projects migrating if needed. The fund’s launch comes in the wake of the Terra community agreeing to plans for the new blockchain of Terra 2.0. As the UST depegging and LUNA inflation […]