Streamr successfully integrated with Polygon to send Brubeck Testnet mining rewards to more than 100k participants.
The Streamr team has bridged Streamr’s ERC-20 DATA token to the Polygon ecosystem. This marks the beginning of Streamr’s multi-chain future, reaping the benefits of full-stack scaling solutions such as Polygon.
The first step in Streamr’s multichain future is the distribution of the Brubeck Testnet mining rewards to more than 100.000 wallets on Polygon’s Ethereum scaling solution. The integration made the distribution of mining rewards to node runners more cost-effective and easier.
This means that participants of the Streamr Testnets can now access their mining rewards through the Polygon Network.
Going forward, the Streamr team will look into leveraging Polygon’s scaling solutions for multiple use cases. This could include the Streamr marketplace or Streamr’s Data Union framework.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more.
The prominent DEXes on Polygon are QuickSwap and SushiSwap. Out of those, QuickSwap already has $260,000 liquidity for DATA, meaning DATA holders can easily trade there. In addition to trading, users can also provide liquidity on the DEXes to earn a share of trading fees.
Streamr is a layer zero protocol for real-time data which powers the decentralized Streamr pub/subnetwork. The technology works in tandem with companion blockchains – currently Ethereum, xDai chain and Polygon – which are used for identity, security and payments. On top is the application layer, including the Data Union framework, Marketplace, Core, and all third-party applications.