PARSIQ Adds Support for Polygon

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PARSIQ can also be built-in throughout Layer 1 blockchains like Bitcoin, Ethereum, and Solana. 

PARSIQ Integrates Polygon 

Days after unveiling its OpenSea integration, PARSIQ has introduced one other growth. 

The on-chain data monitoring tool now helps Polygon, which means customers can monitor exercise throughout its ecosystem. PARSIQ CEO Tom Tirman stated of the replace: 

“PARSIQ is delighted to deliver Polygon customers our suite of merchandise, like Smart Triggers and pockets TRACKR, permitting automations triggered by real-time on-chain exercise and offering enhanced safety companies. With Polygon, we share a standard purpose in bringing blockchain expertise to the world, and we’re excited concerning the potential of this ongoing partnership.

PARSIQ’s flagship providing is “Smart Triggers,” contracts that can be utilized to gather blockchain knowledge and obtain it off-chain. They act as a bridge between on-chain and off-chain knowledge. PARSIQ describes the product as a “reverse oracle” answer as they can be utilized to set off real-world actions primarily based on blockchain exercise. Smart Triggers can already be used throughout Bitcoin, Ethereum, Solana, and Binance Smart Chain. 

The growth to Polygon comes amid a interval of excessive exercise on the community. The Ethereum scaling answer noticed parabolic progress this yr, helped by rising gasoline charges on Ethereum itself. Several Ethereum-native DeFi functions launched on the community with beneficiant liquidity mining rewards earlier this yr, amongst them Curve Finance and Aave. That incentivized yield farmers emigrate to the community and helped the worth of its native token, MATIC, soar. 

Polygon has additionally expanded in current weeks, including a brand new ZK-Rollup answer in a bid to assist Ethereum scale on Layer 2. Still, with a number of different Layer 2 options at the moment within the technique of launching on Ethereum, it’s unclear what the brand new setting will imply for Polygon—and whether or not PARSIQ will find yourself increasing to the brand new options as they develop. 

Disclosure: At the time of writing, the writer of this function owned ETH, CRV, AAVE, MATIC, and several other different cryptocurrencies. 

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