The disclosure means that Polygon becomes the second sidechain and layer-two to the fray. This led the former to create a cross-chain interface so users can interact with its Liquidity Pools .
The TVL represents the number of assets deposited by liquidity providers in smart contracts into a protocol. At the time of writing, the TVL had decreased by 5.60% in the last 24 hours. An interpretation of this points to hesitation in positively impacting the DeFi sector capital and applications.recently-passed cvxFXS
“Convex will be migrating the current Arbitrum pools to new pools, with the aim of aligning the code base with Polygon to prevent confusion for integrators.”Meanwhile, the Convex development activity picked up a significant increase as a result of the update. The metric explains developers’ contribution to upgrades within an ecosystem.As revealed by Santiment, the Convex development activity rose to 0.309 even though it dropped to 0.238 at press time.
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