123Swap just launched new services on Polygon, which will be a huge benefit to the DeFi and NFT sectors.
Gasless, Secure, and fast transactions:
Polygon (Matic) is a cutting-edge layer 2 blockchain technology that enables scalable, safe, and instantaneous transactions. It has always aimed to give a solution to the issue that DeFi platforms are now facing.
In addition to utilizing the Polygon POS chain’s blockchain scaling solution, we are also striving to broaden the DeFi boundaries and tackle the crypto sector’s cross-chain liquidity difficulties.
Why choose polygon:
- Layer 2 scaling solution that uses side chains for off-chain calculations to increase the scalability of DeFi platforms.
- Increases security by deploying a network of PoS validators utilizing the Plasma framework.
- Protocol for exchanging arbitrary messages with Ethereum and other blockchain networks.
- All in one DeFi Platform in a Box
- UX abstraction from mainchain to Matic chain is smooth.
- SDK that supports WalletConnect.
What does the partnership mean for the 123 Swap?
What we want as an organization is for users on the Ethereum mainnet to be able to utilize various DeFi products published on Matic chain’s Later 2 while abstracting all interactions. Users will benefit greatly from using our solutions and products without switching to Matic.
123Swap will employ this technology to assist retail investors with the onboarding process by enhancing usability, accessibility, and user experience. This collaboration will help both organizations by expanding the use of cryptocurrencies in real-world applications.
This not only enhances the scalability and security of 123Swap products but also increases their reliability. This collaboration will also allow innovators and developers to participate in open innovation from anywhere in the world, without the congestion and expensive costs that big blockchains face today.
For the toughest challenges we face today, such as many public chains being overwhelmed with transactions and high gas prices pricing out a huge number of consumers, we will strive to enable robust, fast, and cheap transactions inside our ecosystem and explore future innovation potential in DeFi.
We are really pleased about this collaboration and can’t wait to show you what it brings to the table.
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.
123Swap’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.