Polygon #DefiForAll Fund has allocated $7M in MATIC to the 0x Community DAO to drive 1M new users onto 0x-powered applications running on the Polygon Network. At 0x Labs, they share the Polygon team’s mission to make DeFi more accessible and cost-effective in order to create a more equitable global financial system. That’s why 0x Labs is contributing another $3.5M in ZRX, meaning the DAO, controlled entirely by ZRX token holders, will have a whopping $10.5M in total funds to grow DeFi and the 0x ecosystem on Polygon. With 0x API now on Polygon, they anticipate an influx of new DeFi projects onboarding into the 0x ecosystem seeking to combine our deep and easily accessed liquidity with Polygon’s fast and flexible architecture.
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.