NewsCrypto x Polygon
Anyone that has been in crypto for a while will know that scaling is the number one priority for mass adoption to really happen, while cross-chain technology is vital for DeFi to truly take off.
That’s why we’re proud to announce that we’re working on a novel cross-chain liquidity solution for Polygon (formerly Matic), the biggest and fastest growing scaling solution out there!
Polygon has been working on scaling Ethereum ever since 2017, and the Matic mainnet was released in 2020. Recently, the project was rebranded to Polygon, to reflect its diversity as an ecosystem of different scaling solutions for different applications. It currently has over $8 billion in total value locked in the network, and it’s being adopted by more and more DeFi protocols. With incredibly cheap and fast transactions, Polygon is the way forward to bring Ethereum-based DeFi to the masses.
This is also why we chose to build on Polygon, and this project will be developed over several stages. The first one has already been live for some time, with the wrapped NWC token already available on Polygon. You can trade NWC on the Dfyn DEX on Polygon here, and provide liquidity to the NWC-DFYN farm to earn a share of $20,000 in NWC and DFYN tokens that are rewarded to liquidity providers!
As for the next stages, we’ve received a development grant from Polygon to provide a revolutionary liquidity solution which will bring billions of dollars of otherwise unused liquidity into DeFi on Polygon. We’re not giving away the details of this just yet, but we can say that it will be released in the coming months, with more info about it to come through our social media channels.
Later on, this will also include a DeFi lending and borrowing platform, which we’ve been working on for quite some time, as well as something far more revolutionary that will be announced soon. So, in the meantime, stay tuned, swap some NWC, provide liquidity and earn insane rewards!