- Flux unveils Flux-Matic, a parallel asset fostering interoperability between Flux and Polygon, thus enhancing opportunities in DeFi and cross-platform development.
- Flux users can now leverage the decentralized finance potential on Polygon through Flux-Matic, maintaining the liberty to switch back to native Flux without any value loss.
Flux, an established provider of decentralized cloud infrastructure, today announced the introduction of Flux-Matic, a novel parallel asset in its ecosystem. This innovative development serves as a conduit between Flux and Polygon, fostering blockchain interoperability and enabling dynamic interaction across both platforms. Amid a consistent streak of innovative strides, Flux is setting a new benchmark with this launch, following significant achievements such as decentralized WordPress introduction and recent unveiling of enterprise features on Flux Cloud with FluxOS v4.
The advent of Flux-Matic allows Flux users to tap into the burgeoning potential of decentralized finance (DeFi) on the Polygon network. This parallel asset, compatible with numerous applications, facilitates seamless interaction across both ecosystems, consequently unlocking unique features and amplifying DeFi and cross-platform development opportunities. Developers, communities, and innovative solutions can now benefit from this bridge across the blockchains, allowing traders to capitalize on new arbitrage opportunities while retaining the ability to revert to native Flux without any value depreciation.
For those holding Flux during the snapshot taken on October 31, 2022, Flux-Matic is a reachable asset, with the distribution carried out on June 19, 2023. The asset is now accessible via Zelcore.
“The deployment on Polygon enables interoperability between these two ecosystems due to Polygon’s scalability, efficiency, and decentralization,”
said Daniel Keller, Flux’s Co-Founder and CEO of InFlux,
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“Flux-Matic will foster cross-platform development opportunities, affordable cloud hosting, and a faster, secure Web3 for all users.”
Flux is a pioneer in the world of Web3 Cloud, offering a suite of decentralized computing services and blockchain-as-a-service solutions. It employs a native Proof-of-Work (PoW) coin to incentivize hardware hosts, promote on-chain governance, and mitigate bad actors via staking requirements for hardware operation.
Polygon Labs, the developer of Ethereum scaling solutions for Polygon protocols, aims to provide scalable, affordable, secure, and sustainable blockchain infrastructure for Web3. The solutions initially developed by Polygon Labs have seen widespread adoption, handling billions of transactions and hosting significant Web3 projects, such as Aave, Uniswap, QiDao, and OpenSea, along with enterprises like Robinhood, Stripe, and Adobe.
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