Pledge recognised the unpredictability of the DeFi sector and created a lending protocol that cures unpredictability and attracts capital by protecting the lenders against market risks. Built on the robust Binance Smart Chain (BSC), Pledge is powered by PLGR tokens that allow lenders, borrowers and traders to interact on the platform cohesively.
How will the users ever trust the DeFi market with their digital money if it’s constantly put at risk because of the volatile floating charges? This is why Pledge Finance has built a full-proof crypto-asset lending protocol that puts an end to one of the biggest pain points of DeFi of market volatility and floating rates.
Polygon’s aim is to build a secure ethereum-based ecosystem of blockchains. With this collaboration, crypto-asset owners and traders can now enjoy the benefits of both, more fixed-rate lending options and a secure and powerful ethereum ecosystem at their best. Corporations can now use the pledge protocol to do interest rate swap (AKA refinancing) to swap in/out of different credit and different loans obligations.
Polygon’s NFT ecosystem has been rapidly growing with more than 100+ NFT Dapps including Opensea, Aavegotchi, Zed Run, Neon District, Megacryptopolis building on Polygon and Pledge platform is an algorithm-driven, financial NFT based, cross-chain ecosystem covering lending and derivatives on many major public chains, hence, automatically becoming a great fit for collaboration.
The aims of Pledge and Polygon align as both of the platforms are determined to overcome the shortcomings in the ethereum blockchain system. We want to avoid congestion, high gas fees and lack of interoperability with other ecosystems for our users, which come with using the Ethereum blockchain.
These combined efforts of mainstreaming DeFi will eventually lead to the technology’s penetration into daily economic activities, breaking all geographic, economic and social barriers.
By solving the greatest risk of interest rate volatility in the DeFi market Pledge attracts a large number of crypto-asset traders and lenders. Pledge is not just another lending protocol that just serves the crypto traders who borrow digital assets for day trading, Pledge is a crypto-assent lending protocol that serves all. The rate swap system built by the expert team of Pledge serves well for long-term financing by protecting both parties against market risks.
Pedge’s innovation will open new and powerful opportunities for both the crypto-asset holders and the DeFi industry.
The Built by developers, for developers Polygon is the most easy-to-use platform for ethereum scaling and infrastructure development. With a mission of building a word-class ethereum ecosystem Polygon toils daily to give the developers a seamless experience of integrating ethereum-compatible blockchain networks. Building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, is part of the core activities of Polygon. Polygon’s scaling solutions have been trusted with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
We look forward to combining the operations of Pledge and Polygon to provide the best out of the blockchain technology for our users.
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