{"id":198372,"date":"2021-09-06T17:00:14","date_gmt":"2021-09-06T16:00:14","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=198372"},"modified":"2022-02-20T14:37:17","modified_gmt":"2022-02-20T14:37:17","slug":"aragon-deploys-on-polygon-matic-to-optimize-dao-creation","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/aragon-deploys-on-polygon-matic-to-optimize-dao-creation\/","title":{"rendered":"Aragon deploys on Polygon (MATIC) to optimize DAO creation"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/coins\/polygon\/\"><span style=\"font-weight: 400;\">Polygon<\/span><\/a><span style=\"font-weight: 400;\">, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, announced last week that <\/span><a href=\"https:\/\/client.aragon.org\/\"><span style=\"font-weight: 400;\">Aragon Client<\/span><\/a><span style=\"font-weight: 400;\">, an Ethereum-based project that makes the creation and management of decentralized autonomous organizations (<a href=\"https:\/\/cryptoslate.com\/glossary\/dao\/\">DAOs<\/a>) easy and cost-effective, is now live on the Polygon PoS network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The growth of Web3 communities has outpaced the current capacity of Ethereum, making DAO management and voting prohibitively expensive. By joining the Polygon ecosystem, Aragon can now ensure near-zero gas fees for DAO creation, management, and voting on Aragon, as well as faster transactions and a seamless user experience.\u00a0<\/span><\/p>\n<h2><strong>Bringing Polygon to Aragon<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Aragon users will also benefit from composability with Polygon\u2019s booming ecosystem, which includes some of the world\u2019s leading decentralized finance (<a href=\"https:\/\/cryptoslate.com\/cryptos\/defi\/\">DeFi<\/a>) projects, such as Aave, Slingshot, and Sushi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aragon is using Polygon as a full-stack scaling solution. Integrating with Polygon brings more than a 5000x reduction in the cost of DAO creation, from well over $500 on Ethereum, to around $0.1 on Polygon. This is a game-changer for DAOs.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Polygon shares Aragon\u2019s vision for an open, borderless, and decentralized world. Polygon is trusted by hundreds of crypto projects and has a huge amount of traction, especially in the DeFi space where, for example,<\/span><a href=\"https:\/\/www.coindesk.com\/markets\/2021\/06\/15\/defi-projects-continue-flocking-to-layer-2-solution-polygon\/\"><span style=\"font-weight: 400;\"> there are three times more SushiSwap users on Polygon than on Ethereum<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&#8220;Ethereum has become the default blockchain for supporting the burgeoning DeFi economy that enables anyone, including the unbanked, to access key financial services like savings, lending, and insurance,&#8221; stated Sandeep Nailwal, co-founder of Polygon. He added:<\/p>\n<blockquote><p><strong>&#8220;But, Ethereum was not designed for DeFi at scale, which is why we built Polygon PoS \u2013 to provide a solution to Ethereum's scalability\u201d<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Offering the highest support from Day 1 for any developer, Polygon PoS is the most developer-friendly platform after Ethereum, providing its rapidly growing developer community with access to their favorite tools, including Hardhat, Truffle, Metamask, Etherscan, and more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s why Polygon is witnessing a surge in innovative projects, like Aragon, launching on its platform. Currently, there are more than 500 Dapps in the Polygon ecosystem including Sushiswap, Curve, Aave, Balancer, Kyber, the highest number compared to chains outside of Ethereum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The announcement follows Polygon revealing its own plans to create a DAO for the DeFi sector to accelerate DeFi growth and help onboard the next 1 million users into DeFi on Polygon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the majority of Web3 projects already using Polygon's PoS chain as their preferred scaling solution, creating a DAO was the next logical step to aid collaboration and composability between blockchain-based systems \u2013 two crucial facets for the success of Web3.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, announced last week that Aragon Client, an Ethereum-based project that makes the creation and management of decentralized autonomous organizations (DAOs) easy and cost-effective, is now live on the Polygon PoS network. The growth of Web3 communities has outpaced the current capacity of [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":183851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,77419,46940,37],"tags":[65672],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aragon deploys on Polygon (MATIC) to optimize DAO creation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/aragon-deploys-on-polygon-matic-to-optimize-dao-creation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aragon deploys on Polygon (MATIC) to optimize DAO creation\" \/>\n<meta property=\"og:description\" content=\"Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, announced last week that Aragon Client, an Ethereum-based project that makes the creation and management of decentralized autonomous organizations (DAOs) easy and cost-effective, is now live on the Polygon PoS network. The growth of Web3 communities has outpaced the current capacity of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/aragon-deploys-on-polygon-matic-to-optimize-dao-creation\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-06T16:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-20T14:37:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/polygon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/aragon-deploys-on-polygon-matic-to-optimize-dao-creation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/aragon-deploys-on-polygon-matic-to-optimize-dao-creation\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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