Deri Protocol Launches on Polygon.

Polygon is excited to kick off the transition phase of the Deri protocol on their platform, which allows enhanced accessibility with faster confirmations and reduced transaction gas for Deri Users. They believe the launch on Polygon will expand Deri to more users, and increase value to the entire Deri ecosystem.

The LPs on Deri’s Ethereum pools, from now on, can migrate liquidity from Deri V1 on Ethereum to Deri V2 on Polygon to enjoy an experience of smoothness with lower costs.

About Deri Protocol

Deri Protocol is a decentralized protocol for users to exchange risk exposures precisely and capital efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri Protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purpose. Having provided an effective on-chain mechanism to exchange and hold risk, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.

⬇️DETAILS:

https://deri-protocol.medium.com/deri-protocol-launches-on-polygon-541d9e680c72