Oddz Finance has announced an integration with Polygon to allow more traders trade options on their platform. It is the first multi-chain option to partner with Polygon, formerly known as Matic.
The Partnership
Oddz Finance and Polygon are partnering to help bring options trading to more people and achieve the broader vision of Oddz. As a Layer 2 scaling solution, Polygon handles transactions via the major Ethereum chain. The goal of the collaboration is to help Oddz continue to scale its offerings for investors. This is the first time a multi-chain option trading platform is entering into this kind of partnership, marking a potential boom in collaborations between trading protocols and platform projects.
Benefits
The adoption of Decentralized Finance (DeFi) has always been hindered by high gas fees and low transactions per second. But this partnership between Polygon and Oddz Finance will help traders attain higher Transactions Per Second (TPS) using Polygon’s Layer 2 solution and without disrupting the safety of the main chain. Polygon’s proof of stake is efficient and of low energy which makes it secure. Users can avoid paying significantly high gas fees because of Oddz’s partnership with Biconomy. Oddz Finance’s users can now choose from multiple blockchain networks that suit their needs thanks to their constant search for quality collaborators.
This variety ensures that options trading is seamless and makes for a better trading experience. Users can buy calls and put options instantly because of Polygon’s high throughput.
About Polygon
Polygon is Ethereum’s internet of blockchains that aims to transform Ethereum into a multi-chain ecosystem with secured Layer 2 chains and standalone chains. Polygon SDK, which is the platform’s core component, supports the development and connection of secured chains. Polygon’s Proof of Stake (PoS) and other standalone chains are suitable for independence and flexibility. Polygon users can delegate their $MATIC (Polygon’s native token), earn rewards and secure the network. After the partnership with Oddz Finance, Polygon recently announced a new partnership with UniLend Finance to enable UniLend’s users to enjoy a full suite of products like trading, lending, flash loans, yield farming and other benefits. Polygon recently announced that StakeFish, a top PoS validator, is now securing Polygon.
Source : Bsc.news
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