To the Niubiswap community,
As you all have seen, our new initiative to launch PolyNIU is still underway and we are close to releasing our new ecosystem being featured on Polygon (MATIC). While we continue to fine tune our code and smart contracts, we want to remind you that this integration to Polygon will feature its own standalone DEX, which will help further sustain PolyNIU.
Seeing as though there is no bridge available for our existing NIU holders on the BNB side of things, there will be an airdrop to all current NIU holders to help get them active in the new ecosystem. Depending on the evaluation of the viability of this new platform, we will build a bridge that will connect both ecosystems and keep both APY and price of both NIU and PolyNIU equal. This will not be possible initially as they will be functioning on two separate blockchains.
In addition to a bridge in the future, we will also be exploring new YF pools and farms to partner with and bring more users and opportunities to our ecosystems. New projects and advances are being made in the cryptocurrency space and the DeFi sector in particular. It is our commitment to the community to remain at the forefront of these advances and implement them when we are able,
In other news, the markets are recovering, and new users are beginning to fluctuate to new projects since things cooled off. These levels of fluctuation and activity are common across the board in the space, and this is to be expected as volume, price, and APY on lending and borrowing platforms shift with the markets. Being able to outlast these periods is a good sign for projects both new and old, and it is our commitment to explore all avenues to continue to provide you high percentage passive yield opportunities.
Thank you as always for checking in and reading about the happenings here at NIU. We will keep you posted with more information on the formal release of PolyNIU.
Best Regards,
The Niubiswap Development Team
