The DeFi ecosystem has taken a historic step forward in cross-chain composability with the announcement by Injective Labs of a critical integration with Polygon. This innovative cooperation enables native assets from Polygon and Injective to be utilized within their mutually beneficial ecosystems in a variety of cross-chain scenarios.
Injective to Collaborate with Polygon for Cross-Chain Composability
By creating a new link via the Wormhole enabling the transfer of resources like MATIC and INJ, the integration was made possible. By working together, the Polygon and Injective communities herald a new era of liquidity, accessibility, and partnership.
What does Will Integration provide?
The acceleration of genuine composability has long been a goal for Injective and the larger Web3 industry. Injective is getting closer to realizing its ultimate goal of seamless blockchain interoperability thanks to this tactical integration. The availability of new assets, DeFi protocols, liquidity pools, and tightly linked infrastructures to users from both communities have been expanded.
Additionally, this connection creates a wealth of new opportunities for DeFi protocol developers, particularly those with a concentration on trading, lending, or derivatives. These protocols can increase their offers and rely on newly accessible resources to run their business.
About Injective Labs
An organization specializing in research and development, Injective Labs is dedicated to developing unrivaled decentralized financial solutions. Thus, an entirely decentralized financial market can be created using the Injective platform.
About Polygon Labs
With grit, determination, and the conviction that a tiny business can work with the community to bring about significant change, Polygon Labs was founded by ambitious builders from various backgrounds. Moreover, a scaling or sidechain tool for the Ethereum blockchain is Polygon. Despite being incredibly popular, Ethereum is slow and pricey. By processing transactions outside of the Ethereum network, Polygon offers a solution to this problem.
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