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Polygon and 0x Committed $10.5M for 1M User Onboarding

  • Polygon and 0x have set their goal to bring 1M users to Polygon and Ethereum.
  • For this reason, both companies will commit $10.5 million to support the goal.
  • Both companies will support developers and projects to build robust DeFi on Polygon.

Ethereum scaling platform Polygon has just announced its goal of working alongside 0x to bring 1M users to Polygon and Ethereum. For this reason, both companies are committing to raising a total fund of $10.5 million.

0x is an Ethereum-based framework that powers decentralized exchange on the blockchain. Working with Polygon, it will commit funds via the 0xDAO to support developers and projects that can help build a robust and secure DeFi infrastructure on Polygon.

The design of the 0x API is done so to make it easier for DeFi developers to access DEX liquidity in a fast and reliable way, helping users focus on what matters for their products. The API will enable the biggest and most innovative DeFi projects in the world to integrate with Polygon trading easily, and gaining liquidity across all sources. These include the likes of  Quickswap, SushiSwap, CurveFinance, Dodo, mstable,  DFyn, Cometh and more.

The company has stated that it expects an increased number of new DeFi projects to onboard into the 0x ecosystem. They will also launch initial support for the 0x API on Polygon alongside initial DeFi innovators Matchaxyz, Dexguru, Dexkit, MyCrypto, Set Protocol, and Zerion.

Lisa Walters

Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.

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