FLURRY Finance, a platform that facilitates deposits from Ethereum, pools assets, and connects them to the Matic network in batches. It was announced today that it has established a partnership with Polygon to expand convenient cross-chain production agriculture.
In keeping with the moderate fee structure of the Matic network, the cooperation between FLURRY Finance and Polygon reflects FLURRY’s goal to promote its stable rhoToken as a medium of exchange in daily transactions and maintain low network fees.this
The owners of rhoTokens will be able to trade, consume and earn interest on the Matic network, while rhoToken’s basic stablecoin will pay interest on other chains. FLURRY Finance actively monitors cross-chain conditions to generate the best uninterrupted returns for rhoToken holders with minimal risk.
“More DeFi products are migrating to Matic. We are seeing yields become more and more attractive, and because gas costs are much lower, switching between protocols on Matic is cheaper than Ethereum. All of this is ours The reason for establishing Polygon,” said Mike Ting, CEO of Flurry Finance.
FLURRY has a simple and intuitive user interface that brings added value to Polygon by directing inflows from Ethereum to the Matic network.
“We are very happy to work with Flurry Finance to bring DeFi to everyone. Since we have been committed to creating a borderless world, we need a simple and convenient product to achieve this goal. Polygon’s DeFi growth expert Asif Khan said, Flurry will become a medium where everyone can enjoy fast transaction time at a lower fee.
The integration of FLURRY Finance and Polygon was formed after the establishment of a partnership with DuckDAO, which is a community-supported digital asset incubator that cooperates with promising early-stage crypto startups.
In July, FLURRY Finance completed a round of US$3 million in financing, with investors including AU21 Capital, GenBlock Capital, CoinUnited.io, One Block, Soul Capital and Dutch Crypto Investors.
After the successful launch of the FLURRY testnet in July, FLURRY Finance will soon launch IDO on the Cardano-based launchpad CardStarter to provide services to crypto community members who want to own shares in the governance token $FLURRY. The token will give holders the privilege of voting to add or delete new yield farming strategies and assign risk factors to active plans.