Dfyn Announces Partnership With Polytrade
We are excited to announce that we have partnered with Polytrade, a blockchain-based decentralized protocol that aims to revolutionize receivables financing. Dfyn will be the first decentralized exchange to list Polytrade’s native TRADE token and support the creation of a robust liquidity pool on the platform.
The Polygon network, formerly known as Matic, has witnessed a significant surge in expansion in the past several months. What started as a niche alternative to Ethereum’s high fees has now become a huge driving force in the DeFi industry, facilitating the creation of hundreds of innovative protocols that aim to revolutionize the way the crypto industry works.
This growth has also expanded past just DeFi protocols and has grown to include ambitious blockchain projects that want to bring the best of decentralization to the world of traditional finance.
Polytrade is one of them.
One of the first companies that set out to bring real-world assets to the crypto industry, Polytrade is a Polygon-based protocol for Trade Finance. The platform aims to transform receivables financing and connect buyers, sellers, insurers, and investors for a seamless and convenient receivables financing experience. The platform tokenizes real-world invoices and offers secured insurance-backed investments by harnessing its proprietary liquidity pool.
The Polytrade team is well-experienced in its traditional invoice factoring business, having processed over $500 million of invoices in the past six years. Getting this established business onto a highly liquid and secure blockchain such as Polygon has the potential to grow the company even further.
As part of Dfyn’s partnership with Polytrade, the Dfyn exchange will list the platform’s native TRADE token and support the project in its liquidity programs. Following Polytrade’s upcoming initial decentralized exchange offering (IDO), Dfyn will also host a TRADE farming event, enabling TRADE token holders to earn an attractive yield on their holdings.
To further incentivize users to get involved with the Polytrade ecosystem, Dfyn will also host a trading competition, distributing rewards to users with the highest trading activity on the Dfyn exchange.
We look forward to actively participating in Polytrade’s transition into the Polygon ecosystem and providing its users and its token with real-world use cases. Stay tuned for more information regarding the launch dates for the upcoming TRADE listing, future farming events, and details about the trading competition.
This is not all, Dfyn’s sister concern Router Protocol will also assist in expanding Polytrade to other chains wherein the protocol will be able to easily source liquidity from other chains using bridges built by Router Protocol.
Polytrade is a blockchain-based decentralized protocol aiming to transform receivables financing connecting buyers, sellers, insurers, & investors for a seamless experience. It brings safe and insurance-backed real-world assets to the crypto world.
Polytrade will provide real-world borrowers access to low interest and swift financing to free up critical working capital tapped from crypto lenders. While the project will start with a focus on trade finance, eventually, it would evolve into a full-stack lending protocol for small businesses.
Telegram Announcements: https://t.me/PolytradeFinance_News
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
Telegram Announcements: https://t.me/dfynofficial