MoonPots Gives More Details of Multichain Future

Moonpots discloses exclusive details about its plans to bridge on different blockchains, increasing benefits for $POTS holders.

MoonPot Updates Multichain Plans

Win-Win savings and GameFi platform on Binance Smart Chain (BSC), MoonPot dropped updates for users concerning its multi-chain plans. The information covers the protocol’s expansion to Polygon and Fantom and the reasons for expansion. 

The protocol updated its community on January 27th through its Moonpot news outlet. The protocol also reminded users about the update on Thursday, February 4th, via Twitter. According to the blog, Moonpot would first launch on Polygon before bridging to Fantom. 

“Currently set in our sights is a release on Polygon first, followed by Fantom. However, this is totally dependent on a number of factors we’ll cover later,” the blog read. 

Source

The protocol disclosed that the main reason for expanding to other networks is to increase the profit of $POTS holders and Ziggy’s pot stakers. $POTS is Moonpot’s token that allows holders to have a say in governance and share part of the platform’s revenue. 

“$POTS holders should also benefit from the increased utility of the token. A multi-chain experience should also have a positive effect on our TVL, meaning stakers in Ziggy’s Pot benefit from increased profits,” Moonpot wrote. 

Making POTS Multichain

As of writing, Moonpot has yet to announce when the expansion would be enacted. However, details from the blog suggest that users may start staking $POTS on different blockchains in a short while. The Moonpot team has already started working on the smart contracts, ensuring that the expansion progresses smoothly. 

“As of yet, we have no official date to provide. Completion of our multi-chain expansion requires the coordination of our partners, dev team, and marketing. We’re already working on the smart contracts, and as per usual, trying to make sure we get boosts for new pots too. What we can say is that you’ll be staking in Moonpots across multiple blockchains in the not too distant future,” Moonpots wrote about its progress in developing the multi-chain service. 

Read the protocol’s blog to learn more about the multi-chain feature. 

What is Moonpots? 

Moonpot is a win-win lottery on Binance Smart Chain (BSC) with the mission to help as many people as possible grow their assets safely and securely while having fun doing so. Moonpot savings vaults make it simple for anyone to access the bank-beating DeFi interest rates available in crypto. A weekly lottery gives everyone saving via Moonpot the thrill of a possible big win while never putting their deposit at risk.

Where to find Moonpot:

Website | YouTube | Telegram | Discord | Twitter | GitHub |

Source : bsc,news

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