Zignaly Chooses Polygon To Bring Social Investing To The Masses
ZIGDAO is launching on Polygon, fueling Zignaly’s transition to a fully decentralized model.
Building on the global growth and adoption of its marketplace model, social investing leader Zignaly announced its transition to a fully decentralized model governed by the all-new ZIG.DAO, deploying on Polygon as their full-stack scaling solution of choice. With a highly scalable blockchain like Polygon at the heart of ZIG.DAO, Zignaly will be able to further scale its social investing marketplace offerings as well as launch a wide array of new DeFi products & tools for the masses.
When asked, “Why Polygon?” Bartolome R. Bordallo (Co-Founder & CEO, Zignaly) highlighted Polygon’s superior mix of speed, low cost for users, scaling capacity, and broad support with their thriving ecosystem. He further added that major industry leaders like UniSwap, Curve, and AAVE have adopted Polygon as a major growth chain for high throughput scaling. He also cited user experience: “User experience is critical for Zignaly users, and with transaction fees at a fraction of a penny plus lightning-fast execution, the user experience provided by the Polygon chain is truly world-class.” Zignaly is convinced that the Polygon ecosystem will be a major force to push the industry to over 1 billion Crypto users and ZIG.DAO aims to be at the forefront of the Polygon revolution.
The Zignaly-Polygon collaboration builds on already laid groundwork, whereby Zignaly’s Bridge product features full Polygon network bridging support for ZIG Coin and also ZIGBids deployed on the Polygon chain. The 7-layered ZIG.DAO deploying on Polygon will take full advantage of the Polygon chain across multiple products and services, including entirely new ones to be announced soon.
$10 billion TVL: Zignaly CEO Bartolome R. Bordallo has set a growth target of $10 Billion in TVL, and 100 Million+ transactions per month, by Q4 2023. He believes that the ZIG.DAO protocol, utilizing the ZIG token, will generate $3 Billion from the targeted TVL annually. This projection stems from Zignaly’s plans to expand Investment options far beyond just trading to integrating a wide array of vehicles such as DEXs, Yield Farms, NFT Market Platforms, and Lending/Borrowing platforms — all within the Polygon ecosystem, offering vast options to investors. With its expansion of new investment options under a decentralized model and powered by Polygon, Zignaly is confident that ZIG.DAO will bring a massive influx of value to the Polygon network and the broader ecosystem and unleash a social investing revolution to truly bring DeFi to the masses.
About Polygon Labs:
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding unique addresses exceeding 211 million, over 1.12 million smart contracts created and 2.36 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for dApps you develop, get started here.
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About Zignaly
With over 430,000+ users globally, the Zignaly platform and marketplace are leading the Social Investing revolution, by connecting regular crypto investors with the world’s top, proven expert traders and fund managers in a win/win profit-sharing model. It’s expert-managed, passive crypto investing for the rest of us.
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