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RE: Polygon PROs & CONs

in LeoFinance • 4 years ago

I think maybe the very last con should be the first one!

I'm sure all these 'other' DEFI platforms are 'in the mean-time' - Eventually ETH will probably blow them all out of the water.

In fact I'm starting to see all of these DEFI platforms I'm stake in ({including Polygon) as a good way to accumulate eth.

NB - when I move my my funds from Polygon to an exchange or to BSC do I have to pay ETH fees do you know?

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4 years ago in LeoFinance by
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     4 years ago  

    I placed the last con at the end because Eth 2.0 will take a long while to complete. We don't even know how it's going to be once it's fully live. Can only anticipate!

    I feel that Eth scaling is a never-ending process. It makes sense to develop their ecosystem around Ethereum because as you said, it will be the king.

    .. do I have to pay ETH fees do you know?

    I just checked, for transferring $1 USDC from Polygon to ETH, this is what you have to pay in fees.

    https://wallet.matic.network/bridge/

    image.png

    I would suggest using BSC to Polygon bridge wherever possible only because of cheap transactions. :)

    I hope in the future, exchanges will allow Matic Deposits and Withdrawals. Would make our life much easier.

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     4 years ago  

    Thanks for the test.

    You know I'm thinking an ETH-MATIC pool might not be a bad way to go, just not yet, I think the Matic price might see a bit of a decline in the medium term.

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     4 years ago  

    Yes, I agree. Matic seems a bit overpriced. A decline is most probably coming.

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