CompliFi V2 will be released on Polygon in February

CompliFi Protocol announced this Monday, February 07, through its Twitter account, that CompliFi V2 will be released on Polygon in February.

Image about the CompliFi Protocol post on Twitter

“We are pleased to inform our merchants, users and partners that CompliFi V2 will launch on Polygon in Q1 2022. CompliFi launched in Q1 2021 with a mission to provide merchants with a fair and open derivatives market”, he said through an article published on the Medium platform.

The company explained that in V2, users will be able to take advantage of all the great features of CompliFi thanks to Polygon, without worrying about the gas fees that come with the Ethereum mainnet.

In addition, he highlighted that the Polygon network will be immediately available to all users after the release of V2.

Also read: DappRadar announced integration with Skale Network

What is CompliFi?

It is the decentralized derivatives platform with unique features not seen on other trading platforms. CompliFi’s key offering is that users can trade derivatives without margin calls, liquidations or defaults.

“In other words, when the markets move against you and the CEX would liquidate your positions, CompliFi allows you to stay in the game”, he added.

Similarly, he highlighted that liquidity providers on CompliFi can enjoy high APYs on their ERC-20 stablecoins and tokens thanks to raw trading fees and premiums paid by traders.

CompliFi’s main products are x5 leveraged tokens and call options.

About Polygon

It is the leading platform for Ethereum infrastructure development and scaling. Its growing suite of products gives developers easy access to all major scale and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, standalone and enterprise chains, data availability solutions, and more. . Polygon scaling solutions have seen widespread adoption with more than 7,000 hosted applications, more than 1 billion total transactions processed, more than 100 million unique user addresses, and more than $5 billion in secured assets.

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