HONG KONG, Aug. 26, 2021 /PRNewswire/ — FLURRY Finance has formed a partnership with Polygon to scale up convenient cross-chain yield farming for the DeFi community.
The tie-up between FLURRY Finance and Polygon reflects FLURRY’s goal to elevate its stable rhoTokens as a medium of exchange in daily transactions and keep network fees low. This aligns with the Matic network’s modest fee structure, making FLURRY Finance and Polygon a perfect match.
Owners of rhoTokens will be able to trade, spend, and earn interest on the Matic network, while rhoToken’s underlying stablecoin will pay out interest on other chains. FLURRY Finance actively monitors cross-chain conditions to generate the best uninterrupted yield at minimal risk to rhoToken holders. This means the FLURRY protocol provides a bridge to solve the issue of fragmented, cross-chain yield farming, while dramatically lowering the fees involved.
“More DeFi products are migrating to Matic. We see that the yield is becoming attractive and switching between protocols on Matic is cheaper than on Ethereum due to the much lower gas fees. All of these are reasons for us to build on Polygon,” said Mike Ting, CEO of Flurry Finance.
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