Announcing Deri Protocol and Polygon Collaboration
After Deri Protocol expanded to Binance Smart Chain, there was a massive appeal from the community to make an Ethereum Layer 2 solution available for Deri Protocol’s users.
We have been looking for the best Layer 2 solution to scale up our implementation and provide users with a real DeFi derivative solution without burdening them with high fees or long confirmation times in the past months, and today, we are thrilled to announce our collaboration with Polygon, a full stack scaling solution to scale the access to the Real Derivative solution in the DeFi world.
Polygon is one of Ethereum’s top scaling solutions with smooth transitions from Ethereum to Polygon, support for Fast Exits and Deposits, ecosystem-native mobile apps, and a user-friendly SDK combined with the lowest txns speeds and fastest confirmation times in an 100% EMV-compatible chain. It has been a great Polygon year so far, integrating the likes of Aave, Curve, and SushiSwap.
To be the FIRST decentralized perpetual contract solution on Polygon, we believe that our cooperation is a significant milestone for both Polygon and Deri Protocol to bring a broad range of experience and value to users, while also expanding the composability of DeFi across different blockchains. We believe Deri Protocol and Polygon can work closely to develop an improved infrastructure to support mainstream blockchain adoption and make DeFi accessible to everybody!
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 Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 200+ Dapps, ~35M txns, and ~450K unique users.
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About Deri Protocol
Deri Protocol is a decentralized protocol for users to exchange risk exposures precisely and capital efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri Protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purpose. Having provided an effective on-chain mechanism to exchange and hold risk, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
