Dear bEarn Community,
DeFi projects are riding on a wave of Polygon, and it’s time to bring our protocols and products to new users on Polygon. This is an opportunity for our ecosystem to grow on multiple chains simultaneously!
In case you didn’t know yet, Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Famously shouted out by billionaire investor Mark Cuban, Polygon solves the painful points associated with blockchains, like high gas fees and slow speeds, without sacrificing on security. This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche…etc, but with at least three major upsides:
- It is able to fully benefit from Ethereum’s network effects
- It is inherently more secure
- It is more open and powerful
Integrating with Polygon brings us one step closer to becoming a truly all-rounded DeFi protocol to grow faster and stronger as well as bring more benefits to users. With bEarn protocols being on two chains — they will contribute to each other’s growth. Exact details about cross-chain synergies and direct economic benefits for users will be explained later.
The Expansion of bEarn Fi to Polygon
Since we will be present on two chains at the same time, and likely more in the future, our protocols must remain aligned and symmetrical on both chains. Thus, going forward we are going to launch our products in parallel on both networks!
Our first step will be to launch Vaults on Polygon as well as our Algorithmic Stablecoin product with various improvements. After that, we will bring more products to Polygon to match up with our expansion.
We are working on many improvements on the concept and modeling of the native token on Polygon. In addition to this, the upcoming integration on this network means that a variety of new vaults native to the Polygon ecosystem will be added, allowing users to enjoy some of the best compounding strategies on Polygon LPs at the lowest fees possible.
More details will be shared in the coming days!
About bEarn Fi
bEarn Fi is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, algorithmic stablecoin, gaming aggregation, cross-chain bridge, cross-chain sports betting, treasury, lending, DEX, yield calculator, lottery, NFTs and governance on multi-chain: Binance Smart Chain blockchain (BSC), Ethereum blockchain and Polygon.
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