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Polly Finance now fully integrated into Polygon

Polly Finance is a platform for creating and buying some of the most diverse baskets of tokens on Polygon, all managed autonomously, earning yield using a variety of protocols.

Polly Finance

Features

Diversify Your Exposure

Polly Finance is home to some of the most diverse baskets on Polygon, all managed autonomously. With Polly Nests, you can easily get balanced exposure to digital assets on the Polygon Network.

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Earn Passive Yield

Nests are designed to be truly set-and-forget, maximizing your returns at a a fraction of the cost and effort. Nests leverage automated strategies utilizing staking, lending, and yield farming- No management or constant monitoring necessary!

Meet Polly DAO

Polly is governed, maintained, and upgraded by its token holders. Polly DAO empowers users to curate their own Nests and develop complex strategies of their own.

The Bao Vision of Finance

Traditional finance doesn’t work. Not for most people. It works for wealthy suits. It’s great for them. They own the data. They own the marketplace. And if things don’t go their way they change the rules of the game. Many people think the answer to fixing this system is simple. Just put it all on DeFi. But in reality that doesn’t work by itself. The projects that have been successful in DeFi are the ones that do things that did not exist in old finance. Compound, Uniswap, Balancer are good examples. They all do things in a new way.

Why does this happen?

It all comes to data. Most people aren’t aware that financial data is what makes institutions so powerful and why you can’t do what they do. This is why synthetics will matter.

But why does that matter?

If you can get liquidity in any discrete quantifiable event then what have you created? The world’s most accurate financial data system.

Financial data is used within insurance, lending, hedge funds, risk mitigation, banking, yield, mortgages, credit scores, etc.

Incentivised synthetics allow you to start building an open financial data market. Once you have synthetics, you own the financial data stream to anything because you can incentivise liquidity to make it more accurate. With this financial data stream you can start any DeFi business you want on top of it, or package and sell the data for others to build on. You become the foundation for the future of finance.

Implementation

Bao Finance is like a combination of SNX and Aave, but use LP tokens for collateral.

Rather than re-invent the wheel, Bao will create new features for existing DeFi protocols.

The BAO token acts as a governance token for the fully community run project and burned with fees for minting synthetic assets. It is also backed by the insurance fund where all Bao fees go.

Deliciously wrapped Finance!

Bao (包) stands for a treasure or package. Something wonderful that is wrapped up in another layer. Bao buns, or in Chinese Baozi (包子) are delicious wrapped dumplings.

These bao buns are the tradition of taking something good that exists, and wrapping it up into being a new treasure.

Bao Finance aims to do this by being a new protocol that adds features to existing DeFi systems.

Bao Finance’s current road map:

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About Polygon

Polygon is the world’s first well-structured, simple-to-use Ethereum scaling and infrastructure development platform. Polygon SDK is its main component, a modular, versatile framework for creating and linking Secured Chains such as Plasma, Optimistic Rollups, zkRollups, Validium, and others, as well as Standalone Chains such as Polygon POS, which are built for flexibility and independence. Polygon’s scalability solutions have been used by over 450 Dapps, 350 million transactions, and 13.5 million unique users.

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About Polly Finance

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With Polly Nests you can diversify your crypto portfolio & earn passive yield in just a few clicks! Nests utilize autonomous strategies that will minimize the effort needed to maximize your returns.

Website | Twitter | Medium

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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