Decentralized finance lending platform (DeFi) Cream Finance has announced an upcoming integration with its Layer 2 scaling solution on Ethereum, Polygon.
Cream Finance’s smart contract marketplaces allow users to borrow and lend secured assets. According to Cream, the integration with Polygon, which has a total lockdown of $ 8.64 billion, will result in faster transaction speeds, lower gas charges and access to additional markets for users.
At the time of launch, Cream users will be expanding to borrow and lend 10 different crypto assets including USDC, USDT, DAI, WMATIC, WETH, WBTC, Chainlink (LINK), SushiSwap (SUSHI), Curve (CRV) and QUICK.
At launch, users can offer and borrow tokens in the following markets: USDC, USDT, DAI, WMATIC, WETH, WBTC, LINK, SUSHI, CRV, QUICK.
Polygon Markets are made with $ MATIC Liquidity reduction.
LM details will be announced.
– Cream Finance (@CreamdotFinance) June 29, 2021
Polygon (MATIC) grows magically as institutional investors put money into Polygon, as the demand for an Ethereum-compatible blockchain network grows, DeFi developers and users flock to the platform to find cheaper gas fees and fast block times.
And Cream isn’t the only platform currently working with Polygon. The NFT sandbox phenomenon also heralded the integration of Polygon as the ultimate solution to the platform’s development strategies.
▶ ️Migration to the Layer 2 solution @ 0xPolygon
▶ ️Carbon compensation everyone #NFT embossed & tx on our marketplace via @offsetra @nori
▶ ️Afforestation efforts as a whole with @WeForest_orgMore on how we are moving towards a greener ecosystem ????https: //t.co/h1o7T74O4u
– The Sandbox (@TheSandboxGame) June 29, 2021
Synthetic
You may be interested in:
Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
This website uses cookies.