Polygon is the eleventh largest cryptocurrency in the world – it really needs no introduction. Considered by many as the flagship Layer 2, it helps solve a much bigger problem – Ethereum is a difficult cryptocurrency to use.
Even Vitalik has said that the future is a roll-up economy, with Ethereum as a layer 1, with projects like Polygon, so that regular people, you know, can actually use it. Can – without pledging to pay for gas. charge.
I hosted Hamza Khan, Head of DeFi and Labs at Polygon, to chat all things DeFi and Polygon. We bounced a lot, but covered great topics.
For any of you we have made a technical debut. Hamza talks about zkEVM, or zero-knowledge roll-up technology, which was announced last week as a testnet, thrilling many in the industry.
It was also hard to avoid the Reddit polygon craze it has been running for over the weekend, with the massive NFT collection reaching more than three million users on the social media site. Hamza talks behind the scenes with Reddit, as the company certainly launched NFTs on Polygon.
We really all jumped around DeFi. We discussed how TVL has come down so much, how Hamza referred to TVL as a “temporary price lock”, given its volatility, and how it affected the industry’s reputation last year as CEFI went down. – Despite DFI trucking so smoothly .
I found my favorite line there as always – that Ethereum is the “blockchain of the elite” – asking Hamza what he thought about the gas fee, and whether it would ever be resolved. And if so, what does the future of Polygon look like?
— Dan Ashmore (@DannyiAshmore) 27 October 2022
I also asked Hamza about the centralization of DeFi. With a lot of space running on centralized stablecoins (even as Vitalik recently said that Tether, Circle, and other providers could influence the direction of future Ethereum forks), will the pillars of DeFi? One of them being compromised? And more interestingly, does this have to happen, or is there an alternative?
We dance around these and many other topics, but it is at the core of this 30-minute discussion on DeFi and Polygon and what role Polygon might play in the future.
As always, I’m ready for comments here or on Twitter – and links are below for you to hear.