Polis Protocol Weekly Updates (05/25 to 06/01)
The movement to Binance Smart Chain has opened new horizons for our beloved project, and thus it seemed important to adapt to our new environment and embrace the openness to new communities, new technologies and our vision of a multi-chain future.
This is embodied by our new warm colors, that will make everyone feel at right at home and part of our future.
We would also like to introduce our new website, it aims to be a central source of information to newcomers to our project as well as current community members from all around the world.
We would also like to introduce our new website, it aims to be a central source of information to newcomers to our project as well as keeping informed our current community members from all around the world.
Check it out:
We are excited to announce that as of today, Polis Vaults service is live. It supports 14 different assets on the Binance Smart Chain and 5 different assets on the Polygon Network, and each of these vaults is insured and benefits Polis Stakers, by using a percentage of the profits to buy back some Polis and burning them.
Polis Vaults allow users to generate yield on their assets by locking them into vaults, a type of smart contract that invest funds into different strategies, such as staking or lending platforms.
The autocompound function will be enabled on Friday, this will help to optimize the yield generated by the vaults.
Using Smart Contracts, Tokens, and Crypto is always a risk. DYOR before investing in any platform.
Polis Forum Replace Liquidity Pool Proposal.
On previous weeks our community member Kris BTC#5011 created a pre-proposal to evaluate the creation of a second pool for POLIS/BUSD that could potentially replace the current POLIS/BNB.
This proposal discusses different approaches on how to offer incentives for a new Liquidity Pool that uses a stablecoin asset along Polis with the goal of improving Polis stability under any market circumstance by untying it from a volatile asset.
Upon reaching a formal proposal status this will have a key impact within the project, the reward structure could end up changing in the following ways.
- Two pools are incentivized: the old BNB-POLIS and the new BUSD-POLIS pools are incentivized by the Polis protocol and should split in any proportion the 40% reward of new coin emissions.
- The pool is replaced: the old BNB-POLIS pools stops receiving incentives and the full 40% block emission reward goes to the new pool. Potentially leaving LP providers abandon the old pool.
- The old pool remains: the new pool can be created but is not incentivized by new coin emissions. Potentially making most LP providers to stick to the old pool.
This of course has non trivial repercussions mainly for Liquidity Providers, and Polis holders and traders. So it is important that you help refine before an official vote is required and definitive.
That proposal has now closed and most stakers and liquidity providers agreed on the importance of changing to it, so we exhort you to read the proposal and comment on it because, even though time has passed to vote on the forum, we will soon be making the official vote.
Read the forum post:
Creating and incentivising a BUSD pool instead of BNB pool
Community member elklosso#6438 created a pre-proposal to evaluate and discuss the Idea of a Polis-Army to cooperate and push our social media outreach and to spread the word of Polis.
Vote and comment on the foum post:
Building a “#PolisArmy” for more attention on Twitter
Remember that the forum is a way to be informed and contribute with new plans, so we encourage everyone to read the contents of proposals and discuss the ideas presented either on the forum (which makes it easier for other community members to follow the topic) or in the project’s official Discord server.
As a part of all reinventions, our development team is getting ready to return Polis to be accepted for payments.
This change is scheduled to take effect on June 11th, be ready.
Community Management and Outreach.
Social Media Enhancement.
To expand our social media activity, we have taken professional advice and created some new social media accounts on relevant platforms that have a large number of crypto users, like Steemit, Hive, Flote.app and so on.
For this we have managed to enter a cooperation with Randy Hilarsky, who has already been working successfully in the social media area for various cryptocurrency and blockchain projects like Steemit, TheDollarVigilante, Aurox and many more since 2015.
These new social media channels will be published on our website in the next few days and you can follow them from there.
We will have much more activity on our social media channels in future and we hope for your support in sharing our content and helping spread the word about Polis.
Our traditional Ask Me Anything with the DAO managers was successfully held this Wednesday June, the 2nd at 12:00 pm PST.
This monthly AMA was once again packed with good news about our website release, the new branding, the launch of our protected vaults and our new social media strategy. Our managers also discussed updates and future plans, along answering the questions sent.
Did you miss it? Watch us here:
Additional to our monthly AMAs we promised to serve another opportunity to our community and investors to stay in contact with the team.
For this reason we started our discord team talks some time ago and we will continue with this format on Wednesday June 16th at 12:00 pm PST.
Save the date and make sure to join our discord server:
We have been receiving many questions and comments directed to our managers!
It has been exciting to see the participation from our community, that is why we want to provide a way for you to access them directly and specifically, depending the department you wish to approach.
DAO Technology Manager.
Luis Correa — [email protected]
DAO Marketing Manager.
Maria Sidorova — [email protected]
DAO Adoption Manager.
Hans Looman — [email protected]
DAO Community Manager.
Marc Rapf — [email protected]
DAO Business Manager.
Andreas Meyer — [email protected]
From everyone in our team we would like to sincerely thank you for your constant support.
If you have any questions, don’t hesitate to ask.