Polygon and 123 swap have established a strategic relationship. Polygon, previously Matic, is an Ethereum-compatible blockchain network building and linking protocol and framework. Polygon is one of the largest blockchain networks, with cheap gas prices and a fast block generation time, it provides a powerful environment for Decentralized Finance. Curve, Aave, and SushiSwap are among the proven DeFi protocols with high TVL that are making their way onto the Polygon platform.
123 swap has collaborated with Polygon to expand and improve their expanding DeFi ecosystem by using 123 swap’s emphasis on cross-chain interoperability, expertise in developing successful DeFi protocols, and existing products.123 swap will be utilizing Polygon for Layer 2 solutions to save on huge gas fees
123 swap uses smart contracts to automate and speed up the exchanging procedure. It does, however, strive to continually enhance its internal procedures in order to provide better and more efficient services to its devoted client base.
How Polygon X 123 swap is beneficial:
This technology will be used by 123 swap to help retail investors with the onboarding process by improving usability, accessibility, and user experience. This partnership will benefit both organizations by increasing the usage of cryptocurrencies in real-world applications.
This improves not just the scalability and security of 123 swap products, but also their dependability. This partnership will also enable innovators and developers to engage in open innovation from anywhere in the globe, without the congestion and high expenses that large blockchains currently suffer.
Main Aim of Polygon:
Polygon’s major objective is to build an “internet of blockchains,” or a multi-chain ecosystem of Ethereum-compatible blockchains. It tries to do this by providing a simple platform that enables developers to establish their own unique Ethereum-compatible blockchain with a single click. Polygon presents a system in which different blockchains may freely and quickly exchange cash and information, therefore overcoming the technological and ideological obstacles that now exist across most blockchains.
The 123swap platform is a decentralized financial ecosystem that allows for smooth peer-to-peer crypto-asset swapping. It offers simple, transparent, and convenient exchanges, as well as income and investment management options, all without the need for a middleman. The platform aims to make the crypto trading mechanism as simple as possible while minimizing slippage.
The 123swap platform provides a variety of DeFi options for blockchain assets across several chains:
- NFT Minting
- Yield Farming
The cross-chain value exchange mechanism allows platform users to trade directly with one another across any chain on a peer-to-peer basis.
123 swap’s mission is to create the next-generation financial ecosystem by empowering blockchain technology and expanding the usage of cryptocurrencies for purchase and payment across the financial sector.