Polygon Miden Developing Miden Compiler to Support Smart Contracts in Rust
Polygon Miden Developing Miden Compiler to Support Smart Contracts in Rust
Polygon Miden is developing the Miden Compiler, which will allow the rollup to support smart contracts written in Rust and potentially other developer-friendly languages in the future. The compiler has two main uses: as a backend for existing languages to target Miden Assembly, and as a tool to compile WebAssembly code to Miden Assembly. The codebase is divided into Miden HIR, a Wasm frontend, and the midenc command-line tool. The pipeline of the compiler consists of converting programs compiled to .wasm to HIR and then compiling them to Miden Assembly.
The Miden Compiler is being developed at Polygon Miden so that the rollup can support smart contracts written in Rust and possibly other developer friendly languages in the future. It can be useful in two ways: -As a compiler backend for existing languages that wish to target
Polygon Launches Breakout Program with Token Airdrops for POL Stakers
Polygon has announced its Breakout Program, offering POL stakers access to native token airdrops from graduating projects. Key highlights: - PrivadoID (formerly Polygon ID): ~5% airdrop - Polygon Miden: ~10% airdrop - Stealth DeFi chain: ~15% airdrop - Additional DePIN and prover network projects incoming The program aims to create network effects through high-value project launches, directly benefiting POL stakers. First eligibility snapshot scheduled for next week. Staking available at: [Polygon Staking Portal](https://staking.polygon.technology/)
Hadron x Agglayer Launch Dubai Campus
A new Web3 innovation hub is set to launch in Dubai through a collaboration between Hadron and Agglayer. The flagship campus aims to support: - First-time founders - Experienced investors - Web3 ecosystem participants The facility will serve as a central point for those working to develop the next generation of internet technologies. Join the community: [Register for Launch](lu.ma/7d0zseh3?v=2)
Pyse Launches Green RWA Investment Platform on Polygon
**Pyse** introduces a new platform enabling global investors to participate in green Real World Assets (RWAs) through fractional ownership on the Polygon network. The initial offering focuses on tokenized electric vehicles (EVs), making sustainable investment opportunities accessible without geographical restrictions. This development follows Pyse's broader mission of democratizing access to wealth through RWAs, as previously outlined by CEO @PG_inRWA in the Korea IT Times. - Platform features: - Fractional ownership model - Focus on revenue-generating green assets - Polygon blockchain integration - Global accessibility [Learn more about RWAs](https://www.koreaittimes.com/news/articleView.html?idxno=135210)
USDC Velocity on Polygon Surpasses US Economy
USDC velocity on Polygon has seen a dramatic increase from 0.84 to 4.72 since January, approaching $1B in total supply. This means $4.7 is moving for every $1 of USDC on Polygon - significantly higher than the US economy's velocity of 1.3. Key points: - Velocity indicates economic health and expansion - Higher velocity suggests more active usage - Static TVL (Total Value Locked) matters less than actual circulation Data source: [Dune Analytics](https://dune.com/petertherock/polygon-stablecoin)
Polygon Labs Executive Discusses Stablecoin Standards
Polygon Labs' Head of Payments & Liquidity addresses key concerns in the stablecoin ecosystem. The focus centers on fundamental operational aspects: - **Issuer Capability**: Assessment of whether providers can maintain safety standards - **Core Requirements**: - Reserve management - Transparency measures - Security protocols - Consumer protection frameworks This aligns with Japan's regulatory approach, which scrutinizes asset backing of stablecoins. The discussion highlights the growing emphasis on stablecoin issuer accountability and regulatory compliance.