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Huobi Wallet expands support for Polygon Network – Cointelegraph

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The newly-upgraded wallet now allows users to access decentralized applications on the Polygon Network.

London, July 19, 2021 — Huobi Wallet, the professional, multi-chain light wallet of Huobi’s digital asset ecosystem, launched today the expanded support for the layer-two scaling solution Polygon. The wallet now enables users to create and import their Polygon addresses through Huobi Wallet and access decentralized applications on the Polygon network.

Huobi Wallet is also launching an airdrop campaign in partnership with Polygon from July 15 to 21, and will randomly select 1,000 eligible users to share $5,000 worth of Polygon (MATIC).

Huobi Wallet users are taking advantage of decentralized finance apps on a daily basis. The wallet was recently upgraded to better support DeFi solutions as it seeks to provide the best user experience possible.

“Wallets act as an important gateway and fundamental infrastructure for the crypto industry,” said Liser Lee, lead of Huobi Wallet, adding, “We see problems, however, with some existing products in the market, such as product form, product positioning and the over-simplification of a product’s functions. Through integrations with networks such as Polygon, we are committed to providing users with diversified services and products with better-integrated functions.”

Expanded support for Polygon allows for faster and cheaper transactions on Huobi Wallet and provides easier access to DApps on the network.

Huobi Wallet is designed to facilitate fast, efficient and secure management of various digital assets while allowing users to retain control of their private keys and thus, full ownership of their digital assets. Huobi Wallet also leverages multiple blockchain security-related patents, including patents for security isolation and data encryption, to provide state-of-the-art protection for digital assets. Usually, high transaction costs can limit users’ activities and even prevent some users from participating in the ecosystem altogether. This is an issue Huobi Wallet aims to alleviate.

Polygon strives to solve the scalability and usability challenges while considering leverage and decentralization as the backbone for existing developer community-based ecosystems.

This integration will help Polygon users acquire income streams from native staking for the non-ERC-20 asset. Furthermore, this will be useful for users through deposits that are devoid of external interventions. Participants in the DeFi system also share gains from portions of financial symbolic authority.

“We are excited to work with top blockchain wallet Huobi Wallet to expose Polygon developers to a larger audience through a top wallet with easy user interface and user experience,” said Min Kim, chief marketing officer of Polygon.

Airdrop campaign: How to participate

To celebrate the launch of the integration, Huobi Wallet will launch an airdrop campaign in partnership with Polygon starting from July 15 at 8:00 am UTC to July 21 at 3:59 pm UTC.

To participate, users may create or import Polygon addresses through Huobi Wallet. 1,000 eligible users will be randomly selected to share the total prize of $5,000 worth of MATIC. Multiple entries are not allowed.

The rewards will be sent to winners via their Huobi Wallet accounts within seven days at the end of the campaign. Visit here for more details.

About Huobi Wallet

Huobi Wallet is a professional multi-chain light wallet. Based on the combined security expertise and technology development of the Huobi Group in the field of blockchain, Huobi Wallet provides a safe, easy-to-use digital wallet that supports 20 types of digital assets and thousands of tokens including Bitcoin (BTC), Ethereum (ETH), Huobi Eco Chain (HECO), Binance Smart Chain and EOS (EOS). By integrating a variety of DApp interfaces, Huobi Wallet helps users easily manage multi-chain assets and track their DeFi mining income, as well as allows users to manage their private keys independently.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting secured chains such as Plasma, Optimistic Rollups, zk-Rollups and Validium among others, and standalone chains such as Polygon proof-of-stake, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with over 450 DApps, approximately 350 million transactions and over 13.5 million unique users.

This is a paid press release Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Source: cointelegraph.com

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