Libre DeFi Announces acceptance into Polygon Developers Support Program
Libre DeFi is coming to Polygon as part of its goal of onboarding retail investors into the DeFi space
The Libre DeFi team is thrilled to announce that they’ve been accepted for the Polygon Developer Support Program.
The program is designed to help developers and teams with early BUILD grants, Marketing and Promotional Support, Technical Guidance for Project Development and Connecting with investors and accelerators.
In keeping with the goal of making DeFi more accessible to the masses, Libre will be launching on Polygon Network which will allow their users to benefit from high-speed and low cost transactions.
With the rapid success and adoption that Polygon has experienced so far in 2021 and with the constant development of its ecosystem and features as well as the growth of user base, the decision for Libre to launch on Polygon was a no brainer.
Libre aims to simplify the entry into DeFi for its users. Some of the ways in which they are doing this is by introducing Single Asset Entry Farming. Users will be able to enter a variety of farms within the Libre ecosystem by depositing only MATIC. The Libre protocol will then automatically purchase the secondary asset, wrap the LPs, deposit them into the desired farm and auto compound them daily.
“Integrating with Polygon made so much sense for us in so many ways. One of the biggest hurdles when it comes to onboarding new users into DeFi is the often pricey transaction costs. With Polygon our users will be able to benefit from a scalable, low fee and high speed network” – Libre Founder and CEO Julian Vasil.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 700+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
About Libre DeFi
The ethos of the LIBRE project is to create a “one stop shop” for all things DeFi. We believe that DeFi is still a very untapped market with room to grow. The problems that the industry face is that the barrier of entry for new users can often be overwhelming and cumbersome. Their goal is to create an environment where Crypto savvy veterans and new users can utilize all of the benefits that DeFi has to offer.
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