DEUS Finance launches Synthetic Asset Project on Polygon

Published on: 10.07.2021

DEUS Finance, the next-generation multi-asset DeFi Protocol, is bringing synthetic asset trading solutions to the Polygon Network, offering 500 stocks on launch.

DEUS Finance is a Decentralized Finance (DeFi) Protocol that enables users to trade digital and non-digital assets such as stocks and commodities on the Ethereum blockchain. The DeFi Protocol expands the investment reach of DeFi enthusiasts by allowing them to trade traditional financial assets, such as US stocks, and commodities such as gold and silver. These tokenized assets are exchanged at a 1:1 ratio and can be traded on multiple DEXs. The prices of these assets are updated in real-time using an oracle.

The launch of the first synthetic asset trading solutions on Polygon will enable polygon users to gain exposure to 500 stocks to trade synthetic assets on Polygon with DEUS Finance seamlessly. The DEUS synthetic trading platform gives investors access to tangible assets using cryptocurrencies. Users can easily connect their wallets to buy stocks like TSLA, GME, COIN, AMC, etc. Products like silver (XAG) and gold (XAU) are also available for synthetic exchanges.

This integration with Polygon will bring a massive influx of new users into the DEUS ecosystem.

About DEUS Finance

DEUS finance is a DeFi protocol that enables users to use its oracles to input any data and tokenize it, allowing any user to trade it on the blockchain. Users can trade up to 500 stocks on xDai, Heco, Polygon, ETH, and BSC with near-instant oracle price-feeds.

DEA — Invest in the protocol token and benefit from the ecosystem fees in the future.

DEUS V2 coming soon, with leverage trading, a new Funding System, and much more.

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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 450+ Dapps, ~350M txns, and ~13.5M+ 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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SOURCE: https://blog.polygon.technology/deus-finance-launches-synthetic-asset-project-on-polygon-22c211ee7ed8

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