Polygon (Matic) launches a 100 million dollar fund to support DeFi adoption

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The Indian Polygon project, which was created to find the solution of transaction speed and the maximum possible reduction of transaction fees, is establishing a fund to support DeFi adoption! As you know, we have done a separate article about this project in the past and have recommended it in CryptoTips since it was worth $ 0.01. Today it’s $ 0.90.

DeFi clearly has a promising future ahead of it, and the support of the Polygon (Matic) project within the fund has pleased many. They have set aside up to $ 100 million for their #DeFiforAll fund! A Polygon employee told CoinDesk that the funds would be used in the next two to three years.

Another great news is that Aave and Curve have recently created Polygon-compatible versions of their trading platforms. “We want to support the best DeFi protocols on Ethereum and help them grow with Polygon,” co-founder Sandeep Nailwal said in a statement, adding:

“Polygon is committed to making DeFi accessible to the next million users.”

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