Dear Tower community,
Over the past couple months, Tower Team has been actively researching and developing our product rigorously….
And now we are proud to announce, Tower Finance will integrate Polygon to implement a decentralized and minimized governance protocol.
Whilst allowing users to consistently earn yield, the protocol aims to maintain TOWER token’s price stability and create a variety of products & services where TOWER can be utilized.
Tower Finance X Polygon – The collaboration
Collaborating with Polygon will enable us to be the stablecoin protocol to implement a product structure that is highly scalable, trustless, extremely stable AND ideologically pure on-chain money.
The Tower protocol is a two token system encompassing a stablecoin, TOWER, and a governance token, IVORY. The protocol also has a pool contract which holds USDC collateral. Pools can be added or removed with governance.
Strategically, integrating Polygon for scaling solutions will help our protocol to empower more liquidity providers, traders and retail to engage & grow our protocol. Whilst implementing a unique Stablecoin ecosystem, Polygon’s framework will help increase the demand for our token and expand our user base seeking yield generation opportunities.
About Tower Finance
TOWER token is a Fractional-Algorithmic Stablecoin, soft pegged to the U.S. Dollar, available on the Polygon network. Tower is permissionless, and entirely on-chain – currently implemented on Polygon chains, plans to expand to multi-chain.
Find out more here:
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.