Saber launches first Polygon USDC liquidity pool on Solana with Allbridge
Saber is excited to launch the first Polygon-bridged USDC liquidity pool in partnership with Allbridge.
Allbridge provides the bridging solution that makes this possible, connecting EVM networks such as Polygon to Solana. Saber has tapped into almost $1 billion of USDC on Polygon, and Polygon now has access to the growing $1.2 billion of USDC on Solana.
If you are interested in using this Polygon <> Solana bridge for USDC, check out these docs. Saber allows users to bridge their Polygon USDC onto Solana in a wrapped form, exchange it for Solana-native USDC, or earn yield for providing liquidity.
Opening the cross-chain floodgates
As the fastest, most scalable blockchain, Solana has found product-market fit as the DeFi powerhouse. With frictionless cross-chain bridges, Solana has the potential to become the hub of all DeFi. We envision Saber becoming the core liquidity foundation for cross-chain settlement with Solana, and by extension, all of future DeFi. Alongside our existing assets bridged from Terra, Ethereum, and Bitcoin, the Polygon ecosystem stands strong, boasting 500+ Dapps, $4.5b TVL, ~567M+ txns, and ~6M+ daily txns.
Since decentralized assets from one blockchain cannot natively exist on another, stablecoins are an elegant way to trade into and out of tokens on disparate blockchains and exchange value across the ecosystem. Saber and Allbridge have now opened the door for high composability and cross-chain interoperability with Polygon.
About Saber Labs
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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About Allbridge
Allbridge is a decentralized, modular, and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.
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