Polygon has announced “Avail”, defined as “a powerful general purpose scalable data availability layer”. The platform also announced the launch of its yield aggregator Pickle.Finance.
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Polygon shared in a press release that its newly announced blockchain project Avail will target standalone chains, sidechains, and off-chain scaling solutions. The platform has been running on Avail since late 2020 and is currently in the devnet stage.
A statement in the press release distinguishes three main peer types in today’s Ethereum-like ecosystems: validator nodes, full nodes, and thin clients, and the execution architecture between the three. As the team describes it, “Avail reduces the issue of block validation to validation of data availability,” so a consensus block is only valid if the data behind the block is available.
- Enabling independent chains or sidechains with arbitrary execution environments to preload authenticator security without the need to create and manage their own sets of validators, ensuring the availability of transaction data.
- Delivering Tier-2 solutions such as Validiums to deliver increased scalability throughput using Avail as an off-chain data availability layer
We have been secretly working on Avail since the end of 2020 and it is currently in the Devnet stage. There is a testnet in the works. More details on the problem, architecture, and solution, including references to the code base, can be found in the reference document. For more information about Avail, please join our Discord server or [email protected] Email us at.
The following statements were used in the statement:
Pickle.Finance: Yield Collector
In another announcement, Pickle Finance is launching on Polygon after working on Ethereum before. Pickle uses Pickle Jars to combine user returns from other protocols and Pickle Farms to reward users when they stake their Jar tokens. Various farms allow users to earn PICKLE token rewards on various stake assets. As part of the announcement, Polygon will provide MATIC rewards worth $12,500 each week for eight weeks.
The Chain Continues to Grow
Polygon continues to announce new projects, user growth, and DeFi engagement. Adoption is also continuing at a steady pace, with user growth quite strong. There were even investments from big names like Mark Cuban. DeFi has been a highlight for the platform, and the low fees relative to the Ethereum mainnet make the chain an attractive choice for many. “I find myself using it more and more,” Cuban said in a statement regarding the Polygon investment.