Standard Protocol is Advancing to Polygon

Standard is excited to announce that it has been granted with #DefiForAll Fund from Polygon. Enabling its ERC20 token on Polygon, a Full-stack scaling solution that is notable with its transaction speed, capacity, and scalability on top of Ethereum, will unlock more potential for the team in expanding its vision on the stablecoin ecosystem to a much broader audience, by working alongside with all other top Defi projects on this awesome chain. This clearly set a milestone for Standard Protocol’s thrilling future — to be a chain-agnostic multi-ecosystem stablecoin protocol.

What is The #DefiForAll Fund

The #DefiForAll Fund is a 150M$ DeFi fund set up with the objective of scaling Ethereum and bringing the benefits of DeFi, farming and lending to a larger user base that was traditionally completely priced out of the revolution. AAVE, Curve, Sushiswap, and other reputable projects that are also funded under #DefiForAll grant.

What is 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+ unique users.

About Standard Protocol

Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate within the Polkadot ecosystem. It has been granted with #DefiForAll Fund from Polygon and is also the first and only project from Korea to be awarded a Polkadot Web3 foundation grant and prides itself on its global community growth approach.

📰 INFO

https://blog.standard.tech/standard-protocol-is-joining-polygon-bab5bd547247