Harvest Finance integrates into polygon to reduce high gas fees

Harvest Finance integrates into polygon to reduce high gas fees

  • The aggregator and asset management platform for crop yields integrates the polygon blockchain to reduce its gas fees.
  • The network use of polygon grows exponentially with over 450 DAPPS, about 350 million transactions and more than 13.5 million unique users.

The polygon platform continues to venture into Defi and Yield Farming through its latest collaboration with Harvest Finance. Harvest Finance, one of the first Yield farming aggregators, will now be able to provide farming strategies in the polygon network. This development will benefit users and largely reduce the entry barriers.

In particular, decentralized finances (Defi) is a rapidly growing industry with numerous options, products and services. On this basis, Harvest, which is also a wealth management platform, offers the users a maximum return on the stored assets. This includes tokens, stable coins and liquidity pool tokens. Anyone who keeps wealth without taking advantage of it can use this offer instead of leaving their assets.

Harvest was launched on September 1, 2020 and is under the slogan "bread for the people". The platform has now become one of the largest and most dynamic Yield aggregators in the world. Harvest also finances programs such as bounty programs, creativity competitions and prices for developer competitions.

harvesting for greener fields

Nevertheless, the start in the Ethereum network was some obstacles to the Yield farming aggregator. The most important are the high network fees from which the users have to separate. For smaller farmers, these cuts could affect their earnings. The guarantee of cost efficiency makes it imperative for Harvest to take different solutions than the Ethereum network. Polygon was one of the solutions for high gas fees.

With this integration, Harvest can now introduce new farming strategies, such as safe, for users at a cheaper price. In addition, the fast and user -friendly technology of polygon makes it easier to scale Ethereum and introduces users into the world of Web 3.0.

Important information

In addition, the well-designed platform from polygon makes the infrastructure development in the Ethereum network. All Ethereum developers are polygon developers. Note that the main component of polygon is the polygon SDK. It is a modular and flexible network that supports the development and linking of Secured Chains. These chains include plasma, Zkrollups, Optimistic Rollups and Validium. Polygon SDK also supports standalone chains such as Polygon POS, which have built -in independence and flexibility.

Due to its lower network costs, polygon has attracted a variety of projects both within and outside the defi industry. The provider of scaling solutions now supports over 450 DAPPs and around 350 million secure transactions. The user base of the network has also grown to around 13.5 million unique users.

Harvest, on the other hand, is an asset management platform that is designed to maximize the income from the assets stored by users. The platform continues to try to reduce the gas costs, which benefits both users and developers. Harvest also develops advanced strategies to become the one-stop shop for defi yield farms. The aim of the cooperative is to improve access to profitable agricultural techniques for everyone, also for those who are currently underfunded.


Source: Crypto-news-flash.com

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