DeSyn Protocol Has Received Fund from Polygon
On November 3rd, we are excited to announce that DeSyn Protocol has qualified for the Polygon Fund program and accepted and received the grant from the Polygon team. With the grant, DeSyn Protocol will use it for development purposes only. Furthermore, DeSyn Protocol is considering launching on Polygon in the future.
The DeSyn Protocol presented our product design concept and development goal, which DeSyn Protocol plans to build a solid decentralized digital ETF/portfolios trading platform and is expected to be comparable with traditional financial platforms.
Recently, SEC has approved Bitcoin ETF, which showed ETF is becoming the next trend. It is worth mentioning that DeFi and Derivatives play an important role in shaping the future of the crypto industry, and the development of DeFi is particularly bright.
As reported, the total value of DeFi at 2021 Q1 has grown to $71.51 billion, an increase of 207.3%, which is much higher than the 140.7% growth rate in market value in the overall crypto asset market.
So, what is next? Blockchain is closer and closer to the core of traditional finance, by following this reasonable deduction, the next major break in the blockchain field might be digital ETF/portfolios. Therefore, such a trading platform is needed. DeSyn Protocol plans to be the infrastructure for the next blockchain trend.
And Polygon, the Ethereum scaling project formerly known as Matic, has launched a $100 million fund aimed at making decentralized finance (DeFi) more accessible to end-users at the end of April of 2021. The network’s ecosystem fund wants to support the top DeFi protocols on Ethereum and help them scale and grow with Polygon. Polygon co-founder Sandeep Nailwal said, “Polygon is committed to making DeFi accessible to the next million users.”
In the future, DeSyn will have in-depth cooperation with Polygon, and Polygon also plans to create its ecological ETF fund on DeSyn to bring more liquidity to the ecology on Polygon. In addition, DeSyn also plans to cross-chain to the Polygon in the future to open up the upstream and downstream ecosystems.
About DeSyn Protocol
The DeSyn Protocol is a DeFi protocol that allows users to create and trade pools-based assets such as ETFs/Portfolios, levered assets, and more via smart contract. Additional features include multi-asset liquidity pools, dynamic routing AMM, coupled with a super easy interface, and carefully designed platform tokens inside our economic model, which leads to evolutionary success.
Two important components of DeSyn Protocol :
- ETFs/Portfolios Management: Users could create and manage their ETFs/Portfolios based on customized liquidity pools here.
- Liquidity Trading: Users could trade ETFs/Portfolios tokens and other tokens via the smart order routing as well as provide their multi-assets for liquidity mining purposes.
Summary
DeSyn Protocol is pleased to collaborate with Polygon and to receive funds from the Polygon Defi incentive program. DeSyn Protocol will develop a solid ETF platform to serve users on Polygon and other networks.
DeSyn Protocol Links
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