Polygon announced last Friday, July 9, through its Twitter account, that DEUS Finance is sending synthetic asset trading solutions to the platform, so, according to the company, Polygon users can now get unlimited access to 500 global shares with DEUS Finance.
“We are pleased to announce that DEUS Finance, the next-generation multi-asset DeFi protocol, is bringing synthetic asset trading solutions to the Polygon Network, offering 500 shares at launch”, he said via an article posted on the Medium platform.
As explained by the company, DEUS Finance is a decentralized finance (DeFi) protocol that allows users to trade digital and non-digital assets, such as stocks and commodities, on the Ethereum blockchain. The DeFi Protocol broadens the investment reach of DeFi enthusiasts by allowing them to trade traditional financial assets, such as US stocks, and commodities such as gold and silver. These tokenized assets are traded in a 1: 1 ratio and can be traded on multiple DEXs. The prices of these assets are updated in real time using an oracle.
In his view, the launch of the first synthetic asset trading solutions on Polygon will allow Polygon users to gain exposure to 500 stocks to trade synthetic assets on Polygon with DEUS Finance seamlessly. The synthetic trading platform DEUS provides investors with access to tangible assets using cryptocurrencies. Users can easily connect their wallets to buy stocks like TSLA, GME, COIN, AMC, etc. Products like silver (XAG) and gold (XAU) are also available for synthetic exchanges.
“This integration with Polygon will bring a massive influx of new users to the DEUS ecosystem. Polygon has seen explosive growth in recent months with a huge increase in transaction volumes. Polygon has gained prominence in recent months. DeFi users saw Polygon’s success in addressing common scalability issues. As such, the Polygon network’s trading volumes have surpassed those of Ethereum and BSC, reaching a whopping 7.4 million daily transaction volume. The current TVL of the Polygon network exceeds $ 10 billion”, he specified.