What's in this article
- 0.1 Adding Compliance Layer to Polygon Invites in Institutional Investors
- 0.2 Bringing Liquidity Mining and DEX and solutions to Polygon’s DApps
- 0.3 Opening Up New Data Ownership and Monetization Opportunities with the Data Tunnel
- 0.4 P2P Funding Solutions Coming to Polygon in the Future
- 1 About Polygon
One of the key objectives of AllianceBlock is making sure our interoperability, compliance and liquidity solutions are benefiting top blockchain ecosystems. In recent weeks we have extended our product suite’s reach to Binance Smart Chain, Avalanche’s Pangolin DEX, and most recently Elrond. Today, we’re especially excited to announce our partnership with Polygon, one of the fastest-growing DApp platforms in the DeFi space.
To anyone following the DeFi industry, the rise of Polygon has been difficult to ignore. With its near-instantaneous transaction speed and low transaction costs, this blockchain platform has seen an influx of investors and DeFi projects alike. This mass migration has translated into real metrics for the ecosystem: The Block’s data shows the total gross value locked (TVL) in Polygon’s smart contracts rose from just over $151,000 at the beginning of 2021 to over $6.31 billion in early August, an increase of around 4,178,708%.
As a chain-agnostic project building the financial infrastructure of the future, it’s a huge honor for us to be able to support Polygon with our interoperability, compliance and liquidity solutions, while at the same time extending our product suite to yet another major network. Adding our liquidity mining, P2P Funding and DEX products to Polygon will help its projects reach new levels of liquidity and exposure. At the same time, the implementation of our compliance layer will bring new investments and opportunities from financial institutions.
Adding Compliance Layer to Polygon Invites in Institutional Investors
By working hand in hand with the Polygon team, AllianceBlock will support the integration and expansion of Polygon within the AllianceBlock ecosystem. This will bring the many blockchain-powered uses and benefits of both projects to users of both services, inviting more traffic from the DeFi community, as well as eventually opening Polygon to liquidity from institutional financial players as well.
Starting off, the partnership will allow Polygon to integrate trustless KYC and AML features as well as cross-border rules to expand its offering as a compliant DeFi ecosystem for its protocol and Polygon-based DApps. Polygon will now offer an additional, optional compliance layer to its protocol, utilizing AllianceBlock’s technology. This will help the platform grow along with DeFi regulation and allow institutional easy access to adding vast liquidity to the platform.
Bringing Liquidity Mining and DEX and solutions to Polygon’s DApps
Following the success of our white label liquidity mining solutions with multiple projects already benefiting from immediate liquidity, we will move to implement Liquidity Mining as a Service for Polygon. Our liquidity mining product will include support for Quickswap and Balancer DEX. After its release, we will also deploy AllianceBlock’s upcoming decentralized exchange on their network further down the line. The Polygon integration with AllianceDEX will also help allow its users to perform cross-chain swaps and offer better control over impermanent loss for Polygon-focused investors. After the DEX is released and integrated with our partners. The integration of Liquidity Mining solutions and the upcoming DEX and Polygon will allow the popular ecosystem to grow with access to immediate liquidity, while at the same time inviting several new projects and tokens into AllianceBlock’s platform.
Opening Up New Data Ownership and Monetization Opportunities with the Data Tunnel
In addition to the above, AllianceBlock’s Data Tunnel, our ‘Netflix of Data’, will be deployed on Polygon. This will allow users interacting with the ecosystem’s DEX’es, projects and the protocol itself to monetize their data, unlock new income streams, generate value, and control how confidential data is used — and by whom.
P2P Funding Solutions Coming to Polygon in the Future
Furthermore, our upcoming P2P Funding platform Fundrs is expected to support Polygon as well. This will give Polygon community members the ability to directly fund projects built on this network. Fundrs, AllianceBlock’s lending and investment protocol, is now in the audit phase. Altogether, these product launches will complete our fully compliant financial infrastructure 2.0 that will bring traditional finance to DeFi’s top networks, protocols and projects.
Our CEO and Founder Rachid Ajaja shared his outlook on the partnership. “Here at AllianceBlock, we’re passionate about helping the DeFi industry succeed with cutting-edge solutions and products. Our team has been working at breakneck speed on developing our tech and extending it to some of the most promising networks in the world. It is with great pleasure to announce we can now offer our product suite to Polygon, one of the fastest-growing ecosystems in the scene. The combination of liquidity mining, Fundrs and DEX will enable DeFi projects based on Polygon to access previously unseen levels of liquidity. At the same time, our compliance layer will make it seamless for vast amounts of investments to flow into this network from institutional investors.”
“Polygon has always been about solving real challenges that stunt the growth of the DeFi space. With our innovative solutions when it comes to transaction speed and low transaction costs, we have been able to significantly scale the activity of our network and make it the go-to platform for innovative DeFi projects. Implementing AllianceBlock tech stack further accelerates our growth, by helping Polygon-based DApps to succeed with new liquidity opportunities, while at times paving the way for investment from institutional players further down the line.” X, Y of Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ DApps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your DApp, get started here.
AllianceBlock is bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi), by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.