Announcing a $10.5 Mn Fund from 0x and Polygon to Bring 1M Users to Polygon and Ethereum
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Polygon has announced a goal to bring 1M users to Polygon with 0x, the framework powering decentralized exchange on Ethereum.
Together, the teams are committing a total of $10.5 mn via the 0xDAO to further support Developers and Projects and build a robust and secure DeFi infrastructure on Polygon. The 0x API is designed to make it easy for DeFi developers to tap into DEX liquidity in a fast, reliable, and easy to use way so you can focus on what matters: your product.
With 0x API the biggest and most innovative DeFi projects in the world can integrate Polygon trading seamlessly – aggregating liquidity across all existing sources — including Quickswap, SushiSwap, CurveFinance, Dodo, mstable, DFyn, Cometh and more. We anticipate an influx of new DeFi projects onboarding into the 0x ecosystem seeking to combine their deep and easily accessed liquidity with Polygon’s fast and flexible architecture.
Initial support for the 0x API on Polygon would be launched alongside initial DeFi innovators Matchaxyz, Dexguru, Dexkit, MyCrypto, Set Protocol, Zapper.fi and Zerion.
For developers looking to add Polygon trading to their products, 0x API is the best place to start. Support for 0x RFQ and open order book orders will be available in the team’s next iteration.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~214M txns and ~1.4M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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