FLUID Chooses Polygon as Primary DeFi Chain
April 19, 2022
April 19, 2022
It has been reported today that FLUID, the ultra-low latency liquidity aggregator that employs AI quant models to solve fragmented liquidity in digital asset markets, has partnered with Polygon as its main DeFi chain. Polygon, the top framework for Ethereum scaling and infrastructure creation, is an ideal chain for FLUID’s decentralized solution because of its low transaction fees and quickness.
There are more than 7000 decentralized apps on Polygon’s network and over 130 million addresses generated on the network, making it a leading DeFi solution.
Ahmed Ismail, President & CEO, FLUID, said “In terms of delay and expense, FLUID’s ideology and Polygon’s are tightly connected. Polygon is the forefront of pooled liquidity, and we look forward to working with them to supply virtual asset markets in the CeFi and DeFi spaces with the most cost-effective solutions and top execution techniques.”
Building a long-term, future-focused, blockchain-based liquidity platform is FLUID’s primary goal. When it comes to resolving fragmented liquidity, Polygon’s efficiency and resilience are ideal.
Jason Jiang, CTO, FLUID, said “In order to increase fragmented liquidity, FLUID is happy to have Polygon as its principal DeFi chain adopted. A superior experience with ultra-low delay and ultra-low processing fees will be available to $FLD token holders by developing on Polygon. After extensive research, we chose Polygon because of its innovative scalability solutions for the Ethereum blockchain.”
FLUID is on schedule to finish its Polygon construction by the third quarter of this year. FLUID will use a blockchain that is EVM friendly and simple to design because of the appeal of Polygon and its great track history of successful ventures. With Polygon as its commit-chain, FLUID will begin developing its in-house app in the 1H23, which will be based on its full-stack scaling option.