Demodyfi is expanding its ecosystem by integrating on Polygon.
Polygon is Full-stack scaling solution for building and connecting Ethereum-compatible blockchain networks. Demodyfi is one step closer to realizing its vision through this collaboration: creating a highly scalable, multi-chain AMM DEX.
Demodyfi is being integrated into the Polygon protocol, allowing for low gas fees and fast block time. In particular, Demodyfi is implementing a bridge from Moonbeam to Polygon, using ChainBridge. ChainBridge is a bridge between Ethereum and the Moonbeam para chain on Polkadot, allowing token transfers between the two independent chains. Therefore, Demodyfi aims to add more value by integrating a second bridge with Cross Chain Message Passing (XCMP) in the near future, which will not only allow for asset transactions but also cross-chain smart contract calls.
At Demodyfi, we strive to be different. Therefore, we don’t just communicate for commercial benefit. We focus on educating others about our project and crypto as a whole to explain the above sentences in simple terms as well.
Expanding Demodyfi’s ecosystem by integrating/launching on Polygon.
Polygon is a Full-Stack Scaling Solution that allows projects like Demodyfi to have rapid and cheap transactions. Demodyfi achieves this by implementing a particular blockchain bridge called ChainBridge. A blockchain bridge is a connection that allows the transfer of tokens from one chain to another. Both chains can have different protocols, rules, and governance models, but the bridge provides a compatible way to interoperate securely on both sides.
Demodyfi is also actively looking to incorporate Cross Chain Message Passing (XCMP). This is Polkadot’s cross-chain message-passing protocol. It allows one parachain to send messages to another parachain and guarantees the delivery of these messages. This cross-chain messaging protocol will be integrated into a second, independent bridge. The end goal of this is to be able to send tokens cross-chain and smart contract calls.
Demodyfi’s integration with Polygon is a step closer towards integrating all major blockchains with Demodyfi. Polygon will also extend its full developer support to make sure the upcoming integrations are smooth on Demodyfi.
Demodyfi is an automated market maker platform that is built on the ethos of blockchain. It delivers decentralized financial services in a fully decentralized network whose control is fully decentralized, with each user contributing to the platform’s decision-making activities. The setup ensures transparency of all network activities, thus creating a trusting environment for its users.
Demodyfi also provides an ecosystem where decentralized users can gain tokens from platform activities and generate wealth from the tokens through decentralized exchanges.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, 350M+ txns, and ~13.5M+ distinct users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.