Polyient Games and Gala Games to Bring GALA to Polyient DEX
We are happy to announce that Polyient Capital, the asset management arm of Polyient, in adding GALA to the decentralized Polyient DEX. Additionally, they are providing liquidity for the GALA-PGU market, with the end goal of supporting other efforts to further expand the GALA token economy within the Polyient Games Ecosystem.
“The team behind Gala Games has a well-established track record of success and is responsible for some of the most popular games in history,” said Eric Kapfhammer, Polyient COO and Head of Polyient Capital. “Our initial investment highlights our excitement around Gala Games approach to blockchain gaming and the road ahead.”
GALA will be coming to the Polyient DEX via a swap market with Polyient Games Unity Token (PGU), the new fungible token that will function to standardize liquidity for the entire NFT asset class across all blockchain networks. PGU is distributed to both Polyient DEX LP providers and holders of PGFKs. More details can be found here.
Liquidity providers for the GALA-PGU pool will be eligible to earn PGU rewards with each emissions event. Both Polyient Games and Gala Games will also be working on additional incentive structures to provide farming and NFT experiences for users who participate in the GALA token economy within the Polyient Games Ecosystem.
Timeline
A proposal to add the GALA-PGU market to the Polyient DEX is now available on the Polyient DEX platform. This vote will run through 8am PST on 12/29. If the proposal passes, the market will launch shortly after.
Once the market is live, liquidity providers will immediately become eligible for PGU rewards, which are distributed via emission events at specific timepoints.
About Polyient Games
Polyient Games, a subsidiary of investment group Polyient, is a unique investment ecosystem focused on the NFT and decentralized finance (DeFi) markets. Polyient’s portfolio includes leading NFT startups such as Nonfungible.com, Blockade Games, and Cargo.
