DeFriday 2: Polygon's Surge & Ethereum's Future

Happy Friday! 

I’m back with another edition of DeFriday, the weekly newsletter covering the world of Decentralized Finance. 

If you’re new to DeFi, be sure to check out the intro articles: 

• Creating a high yield crypto-based savings account 
• Putting your asset allocation on autopilot for 15-20% APY

And if you missed last week’s DeFriday, here’s the link.

The Deep Dive: Polygon

When the market crashed last week, Ethereum transactions were taking 5-10 minutes to settle and gas fees shot to over $1,000 for token exchanges. For most traders, that meant it was impossible to rebalance your portfolio or buy in to take advantage of tokens that were on sale without spending ungodly amounts of money. 

But not for me. I logged into AAVE, withdrew some liquidity, and bought more ETH. The transactions settled in sections, and I paid less than a cent in transaction fees.