Poly Network and HubDao Settles Partnership Agreement for De-Fi Ecosystem
Poly Network X HubDao
HubDao, a HECO-based Decentralized Exchange (DEX), has settled a Partnership Agreement with Poly Network, a unique heterogeneous interoperability protocol that caters to wide range of Blockchain networks needed in De-Fi Ecosystem. HubDao is an advanced Decentralized Exchange protocol that aims to provide various financial and technical services on a truly decentralized platform to global users with wide range of networks. Operation of decentralized platform provides utmost level of independence and safety to individual users but HubDao goes further by providing various types of financial products through its unique liquidity farming algorithm, decentralized team-based ranking system, and gaming/lottery platforms adding more spice and fun to the De-Fi Ecosystem.
Poly Network + HubDao = Greater De-Fi Ecosystem
The vision and aim of HubDao is to create a broad ecosystem on a truly decentralized platform. Modern-day Blockchain and Cryptocurrency markets are going through an unprecedented pace of growth providing almost equivalent level of financial and technical services from the conventional world. However, at the same time, modern-day Blockchain and Cryptocurrency markets are becoming much more centralized than ever restricting the freedom and democracy of global users. HubDao is aiming to provide the same level of financial and technical services that one can enjoy but on a truly decentralized platform free from tyranny, oppression, and restriction. With partnership and support from Poly Network, HubDao shall provide much greater services to greater part of the world.
Poly Network is an interoperability protocol for heterogeneous blockchains. It has a wide range of support across a lot of blockchains as a result of how easy it is to join in. Based on cryptography, Poly Networks add an extra layer of complex security mechanisms that makes cross-chain transactions extra secure.
Poly Network has implemented interoperability with 10 heterogeneous chains including Bitcoin, Ethereum, Neo, Ontology, BSC, Heco, OKExChain, Elrond, Zilliqa and Cosmos-SDK. Since the launch, the protocol has enabled cross-chain asset transfer of nearly 5.3 billion U.S. dollars involving more than 125K addresses on different blockchains.
HubDao is a highly scalable Decentralized Exchange operating on a HECO (Huobi Eco Chain) network. HubDao provides DEX platform that has integrated the advantages from both decentralized platform and various features and services that are being provided at other centralized exchanges and banks.
HubDao DEX boasts its scalability as it not only provides liquidity mining features but also automated interoperability between various networks powered by Poly Network, decentralized and anonymous yet team-based operability, decentralized and automatized lending platforms, democratized listing procedures through governance voting system, and various other financial and technical services suited to modern-day Blockchain community members.
HubDao shall continue to spearhead the innovation in Blockchain and Fin-Tech by continuing the expansion and improvement of technical layers and partnering and integrating with thinkers, philosophers and leaders of modern-day Blockchain community.