Hello guys, Ubong Ephraim here and welcome to a fresh episode of Matic Network spotlight with Ubong Ephraim. In this series, I highlight happenings on the Matic Network, such as projects and DApps integrated on Matic Network, Matic Network’s integrations on protocols, partnerships, and other important updates.
Today we’ll be talking about SUPERFLUID, a decentralized finance protocol birthed to facilitate Programmable Cashflows and enable developers to build solutions fluidly.
MATIC NETWORK
Matic network is a blockchain solution that provides scalable, secure, and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network. Matic network has made an effort to resolve the issues of scalability and usability without making a compromise on decentralization.
It is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities. Matic network was created to solve the problem of scalability associated with most blockchains and also accelerate transaction speeds.
When developers seek to deploy their solutions using blockchain technology, speed and scalability are two utmost features they look out for. Matic network solves these problems very well while adding additional features such as a smooth user experience and security.
More than 70 dApps have been built on Matic, ranging from DeFi protocols to games and prediction markets. With more validator nodes being onboarded on the Matic Network progressively, it is on the path to full decentralization and becoming the most sought after Layer 2 network in the blockchain ecosystem.
In today’s part of the series, we’d be looking at SUPERFLUID, a decentralized finance protocol birthed to facilitate Programmable Cashflows and enable developers to build solutions fluidly.
SUPERFLUID
Superfluid is a new token standard, with the power to describe cashflows, and execute them automatically on-chain over time in a non-interactive way.
Superfluid flows are programmable, composable, and modular. Their first cashflow types allow constant streams of value and one-to-many distributions. All flows are settled at the same time, based on block timestamps. This makes it possible to net inflows and outflows, increasing capital efficiency.
FEATURES
Gasless Transfers
Once a stream is opened, it keeps flowing every second without needing additional transactions.
No capital lockups
Superfluid works with just-in-time liquidity. You only need enough balance to keep your streams open.
On-chain interaction
Superfluid lives on Layer 1 Ethereum, allowing full composability and no delays when withdrawing.
Superfluid allows developers to build applications on top of the Protocol, and integrate with other DeFi primitives. They have deployed on Ethereum testnets (Goerli, Rinkeby and Ropsten), and firmly believe that developers should be able to integrate Superfluid with any other web3 protocol.
Superfluid will soon be deployed on the Matic network. Ethereum developers would be able to quickly deploy and experiment with Superfluid enabled Programmable Cashflow applications on Matic network due to its super cheap transaction fees and fast confirmations.
The CEOs of both Superfluid and Matic network network made positive comments concerning the partnership.
Francesco Renzi, CEO of Superfluid, mentioned how “The kind of permissionless and low-barrier experimentation enabled by cheap transactions is what made Ethereum the center of all innovation in DeFi and web3, and we are very excited to see this continue, both on Ethereum, and on EVM side-chains like Matic!”.
Sandeep Nailwal, CEO of Matic, also commented “Superfluid streams were the missing primitive to enable recurring transactions on the blockchain. We are very excited they have chosen to deploy on Matic, and look forward to seeing more companies adopt this technology for subscriptions and salaries”.
This is a plus to both projects as collaborations like this are for the advancement and evolution of blockchain technology.
Matic is rapidly becoming the go-to Layer 2 solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. Matic Network layer 2 solution with all it’s awesome features continues to place it as a sought after tool for developing business solutions on the blockchain.
Want to build with Matic too?
For Developers building Dapps and looking for a scaling solution, do get in touch with Matic Network. They can help you not only achieve scale but also provide the best UI/UX to your users.
MORE INFORMATION :
Learn more about Matic Network at : https://matic.network/
Build with Matic Network : https://matic.network/build-n-earn
DApps on Matic Network : https://matic.network/dapps
MaticNetwork wallet : https://wallet.matic.network/
Connect with me on telegram @ubongj
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