The DeFi Chronicle: Less than $0.01 per crypto transaction! Why and how to use Polygon Network.

Scott Debevic
6 min readAug 20, 2021

With Ethereum gas fees climbing, alternative platforms like Binance Smart Chain and Polygon have become more attractive for normal investors. The world of DeFi is full of mystery, reward, heartbreak, and excitement. I’m going to share why Polygon Network has grown so fast and how you can set it up and use it. If you are interested in just learning how to use Polygon, skip to the last section.

How to use the Polygon Network.
Picture by PNW Production from Pexels

In 2020, during the DeFi summer, I pretty much missed out on all the fun, games, and opportunities in DeFi because I just didn’t have enough in my portfolio to justify Ethereum’s high gas fees.

I tried experimenting with DeFi on Ethereum and didn’t really get much further than using Uniswap for trading ERC-20 tokens. I attempted to use Compound, but fees ate up my profits, and when I got a margin call it swallowed up $250 in ETH that today would be worth significantly more. I tried staking but quickly noticed that the gas fees for claiming rewards were often greater than my rewards.

Enter Binance Smart Chain

Earlier this year, I figured out how to use the Binance Smart Chain. Being in the US, this wasn’t easy and required some trial and error, but ultimately I figured out how to use BSC on my phone (read about it here). I became intrigued with swapping coins for less than $1 and being able to provide liquidity and yield farm on the likes of PancakeSwap.

I got to know auto compounding vaults like Beefy Finance and even got experienced in my first platform exploit on PancakeBunny and then Belt and then Sparta. A glutton for punishment, I persisted and paid the price of admission to gain a better understanding of DeFi.

How Polygon Stole My Heart

Once Curve and Aave launched on Polygon and were offering boosts on their platforms, I put in the effort of adding Polygon into my repertoire. Fortunately, it was extremely easy because I already had experience in adding the Binance Smart Chain. I walk through the steps that I use in the next section.

The first time that I did a trade on QuickSwap (Polygon’s equivalent of Uniswap), it felt like the sun bursting out through the clouds. I couldn’t believe it. A…

Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: