Firebird Finance Polygon Report
There has been a lot of progress made on the Polygon side-chain made by Firebird Finance. In this report we will go through all the improvements, partnerships, total valued locked, and upgrades that have happened on the Polygon side of the platform.
Swap V2
The most consequential upgrade made to the Firebird Finance platform on Polygon has been the launch of Swap V2. The platform was launched on June 29th and has had almost a month in operation.
Around the launch of the Swap V2 Firebird created a promotional contest called the ‘Swap And Win Giveaway’ which greatly increased users’ engagement with the Polygon ecosystem. At the moment, Swap V2 appears to be the most popular product on the Polygon chain.
Completed Audits
Three audits have been completed on the Polygon chain. We have an audit of the Vault contracts on Polygon made by Certik. The full report was mentioned in a Medium post and the report was added to the documentation. All the information regarding it is public.
The second audit was made by Perkshield. The audit report has been added to the documentation of Firebird Finance. Additionally, it was announced via a Tweet to the community. The information is also open to the public.
The third is the Hacken audit. The full report was added to the documentation. Also was announced to the public via a post on Discord and a Tweet. The information is public to the community.
Integrations
Firebird Finance has finished many integrations with partners in the Polygon ecosystem these are:
1inch Exchange. It was announced on June 10th.
Polycat Finance. It was announced on June 30th.
Kyber Network. It was announced on July 1rst.
Iron Finance. It was announced on July 12th.
Safe Dollar. It was announced on July 13th.
FarmHero Protocol. It was announced on July 21rst.
Total Value Locked
The TVL on Firebird Finance Polygon chain is 33.56M USD at the time of this writing. That is a growth of 11x from the original position at the time of the launch of the protocol. On July 12th of the present year, the platform reached its record profits at 24,029 USD. The peak is around the time of the launch of Swap V2 and the promotional campaign for that product.
Since then, daily profits hover around 2,500 dollars. The data suggest that Swap V2 remains the most popular product on the platform. In the future, the team will lean more on it to drive users to Firebird Finance.
