In this guide, we will briefly cover the following to give you a quick primer on why we are excited about Polygon and how you can get started today using TokenSets.
Overview of the launch
How to access TokenSets on Polygon
Our launch article covers best the rationale behind deploying on Polygon, here is the excerpt:
"Polygon is an EVM-compatible scalability solution for Ethereum that allows us to further enable users access to the world of decentralized asset management at a fraction of the cost. Whether you are a beginner just wanting to dip your toes into TokenSets or an experienced portfolio manager that frequently trades, we heard you and listened. Our Polygon deployment will allow you to do so in a more efficient way by lowering the barrier to entry for all participants by significantly cheaper transaction fees and transaction times than L1.
With how easy it is to deploy to Polygons PoS Chain, why only now if lowering the protocol fees was the goal? Great question. Liquidity! An asset management protocol such as Set requires ample amounts of liquidity and asset choice to make deploying a viable proposition. This is important because Sets are 100% collateralized and hold all the underlying tokens required within their own deployed contracts, so when a user invests in a particular Set, there has to be on-chain liquidity to facilitate the acquiring of the underlying assets required to issue the Set token and send to the investor. Who solved the pre-requisite for us? Our friends at 0x for efficient order routing & Sushi for liquidity, who have both shared previous success stories with their respective Polygon launches."
To help you along the way, we will cover the essential onboarding information:
How to move tokens from Ethereum to Polygon using Polygon Bridge.
How to access TokenSets on Polygon.
Moving tokens from Ethereum to Polygon
The first method to move your tokens over to the Polygon network is direct via Polygon Bridge.
The Matic Bridge to convert the assets in the wallet between Ethereum and Polygon (Matic) network.
Connect your MetaMask wallet on Polygon Bridge.
Input the amount you’d like to move to Polygon, click “Transfer” and then “Continue”. Below we are bridging ETH to the Polygon network so that we can invest in Sets on the TokenSets platform.
Once the transaction is sent, you will see the balance updated in around 10 minutes. This means that your tokens have been successfully transferred to the same wallet address under the Polygon network.
You should now see your bridged assets within your wallet such as MetaMask, there are also portfolio trackers that support Polygon assets such as Zerion & Zapper. Additionally, you should receive a small quantity of MATIC tokens provided by the Polygon team to support your first transactions on the Polygon network.MetaMask Browser Extension
How to explore Polygon Sets on TokenSets
Currently, we only support Metamask to access TokenSets on Polygon. To connect your MetaMask wallet, use the Sign In button at the top-right of the home page and unlock your wallet.
Switch the network you are connected to on MetaMask by clicking the network switch at the top of the extension window and selecting Polygon (Mainnet) from the dropdown list.
On TokenSets, click the network switch button on the navigation bar and select Explore on Polygon to show Sets currently available on the Polygon Network.
You are now connected to Polygon on TokenSets! ✅ Now you can follow our existing guides below to start your journey!