THELOGICALINDIAN - Polygon users can now alteration funds to the Starkwarepowered DEX
DeversiFi has become the aboriginal DEX to accredit a Layer 2 arch with Polygon.
New Bridge Between Polygon and DeversiFi
DeversiFi, a Layer 2 decentralized exchange congenital on Ethereum, has launched a arch with Polygon for cross-network transactions.
In a Tuesday columnist release, the activity appear that users can now transact three stablecoins (USDC, USDT, and DAI) on a new arch abutting the barter to the network.
With the solution, stablecoins can be beatific aback and alternating amid DeversiFi and Polygon after affecting Ethereum mainnet.
Polygon has emerged as the best accepted EVM-based accomplish alternation in contempo months. It’s acclimated by hundreds of dApps, decidedly those in the DeFi space. The brand of Aave, Curve, and Balancer accept all launched on the arrangement in contempo months, allowance allure added than $8 billion in absolute amount bound and 125,000 alive circadian users.
DeversiFi is based on Starkware, a Layer 2 scaling band-aid leveraging ZK-Rollups on Ethereum. It enables off-chain trading of ERC-20 tokens that can be absolute on-chain through its acute contract. Users who alteration tokens will be able to barter on the Layer 2 exchange, acquire yield, and abjure assets to Ethereum mainnet.
Last month, the barter appear that it would adapt a fair launch of its built-in tokens through a clamminess mining program. For such events, the arch will let users drift their stablecoin clamminess to DeversiFi after accepting to pay gas fees on Ethereum.
Elaborating on the allowances of this bridge, DeversiFi CEO and co-founder Will Harborne said:
“Polygon has onboarded a accomplished new beachcomber of users into DeFi on its low amount commit-chain. With the barrage of this new bridge, the Polygon and DeversiFi communities, for the aboriginal time, can move seamlessly amid the two DeFi ecosystems after anytime affecting band 1 Ethereum, all for free.”
The arch will initially be chargeless to use, admitting a transaction fee may be added at a after stage.
Following Polygon’s huge advance in 2024, centralized exchanges like Coinbase, Binance, OKEX, and Huobi accept all appear abutment for Polygon wallets. Unlike centralized exchanges, though, DeversiFi is the aboriginal Layer 2 barter to abutment Polygon through an on-chain bridge.
