PlasmaFinance and PlasmaSwap Launch on Polygon
Take advantage of easy DeFi by moving your liquidity to PlasmaSwap while enjoying superior speed and cost of full-stack scaling solution Polygon
As you all probably already know, in the past 6 months we have been hard at work building and improving Plasma.Finance and making sure that it provides you the most advanced features and the best user experience. Obviously, we are not going to stop there and are committed to addressing all your needs and solving the most pressing user pain points.
The most obvious of those pain points so far has been the ridiculously high gas fees that DeFi users have to pay on the Ethereum network. We have partly addressed this issue by introducing our gas optimization features, but obviously, that was an intermediary solution.
Hence, we’re so excited that as the first phase of roll our Hyperloop ecosystem roll-out we’ve now launched all our DeFi protocols on our native DEX PlasmaSwap on Polygon!
This means that from now on, you no longer have to choose between using Plasma.Finance and taking advantage of Polygon’s low fees and can finally get the best from both worlds.
Now that PlasmaSwap is on Polygon, you can add liquidity and trade with near-zero fees at the highest speeds. You will be paying 1,000 times lower fees than what you currently spend transacting on Ethereum and it won’t take longer than a couple of seconds.
We wanted to test the incredible powers of Polygon ourselves when we rolled out our PPAY Coinmarketcap Earn campaign last month. The results were breathtaking. We distributed $100,000 worth of PPAY tokens to 20,000 addresses spending just $0.30 and attaining transaction finality in 2 seconds.
If you are trading on DEX on Polygon, now is the time to take advantage of the added value that PlasmaSwap will bring, being the most advanced DEX on the platform.
- The best user experience and ease of use.
- Advanced trading tools that were not available to you before, such as Limit Orders for capital and risk management, setting Take Profit, Stop Loss, and even Future Orders for upcoming token listings.
- Portfolio Management and Decentralized Market data.
Now, using Polygon DEXs is no longer a forced tradeoff between “fast and cheap” and “everything else”. Thanks to PlasmaFinance integration on Polygon, you get the best of both worlds, adding value to what’s already a great scaling solution.
And that’s not all. You will also be able to launch and participate in IDOs across all platforms with IDO Launchpad Alliance and SpacePort. IDO Launchpad Alliance gives you a full overview of all IDO platforms, including IDOs that are live and upcoming in one place. Are you a project? Then Launch your own fully customizable decentralized IDOs with SpacePort!
We have made sure that the transition is smooth and easy too. All you need to do is:
Bring your liquidity to PlasmaSwap on Polygon now
And these aren’t just features and benefits for users. Even DeFi projects can leverage PlasmaFinance and Polygon for superior DeFi capabilities! Launch your liquidity, swapping pairs, new liquidity mining initiatives on PlasmaSwap and you give your future communities the best of both worlds: easy and convenient DeFi plus amazing speed and low cost!
Can’t wait to get started opening a pair on PlasmaSwap or to move liquidity there? It’s real easy, just like on any DEX. A quick summary of how to migrate liquidity on PlasmaSwap Polygon:
- Transfer your asset from Ethereum to Polygon using Polygon bridge. You can follow this guide that uses PPAY token as an example: https://docs.plasma.finance/polygon-matic/how-to-move-plasma-usdppay-from-ethereum-to-polygon-and-back.-cross-chain-bridge.
2. Connect your wallet to Plasma.Finance and choose Polygon network.
3. Open the PlasmaSwap Liquidity Management tool (or choose Liquidity Management from the dashboard and choose Manage Liquidity).
4. Choose the pair of assets and the amount you want to provide liquidity for. Click “Select Pair”.
5. Sign the transaction.
If you are a DeFi project, now you can show your users that you care. Open liquidity pools on PlasmaSwap on Polygon and don’t saddle them with the burden of choice.
Choose PlasmaSwap on Polygon to build your DeFi empire.
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