We’re thrilled to announce that RCN is expanding to Polygon with the vision to boost the Multichain experience.
RCN is a global peer-to-peer credit network connecting lenders and borrowers worldwide to build frictionless, transparent, and borderless loan markets to access credit and provide loans.
RCN is now moving towards a more scalable and multichain environment with Polygon. With Polygon, RCN provides its users with a new alternative where they can experience low-cost transactions and fast finality within a secure ecosystem. In addition, the expansion of Polygon brings The Credit Marketplace closer to a more inclusive and open financial service where everyone can borrow and lend loans without the existing barriers.
The RCN Credit Marketplace enables users to access the RCN protocol and experience its features. The RCN Credit Marketplace is equipped with digital lending and borrowing tools which enable users to borrow, compare and fund DeFi and CeFi loans, and request P2P loans seamlessly with all the transparency and security of the blockchain.
Polygon has seen widespread adoption and growth, with over 400+ Dapps, ~250M txns, and ~1.4M+ unique users, enabling high-quality user experiences for top dApps like Polymarket, Aave, Aavegotchi, Curve.finance, Decentral Games, and Neon District. Witnessing the tremendous activity and growth of the ecosystem, the RCN team decided to launch on Polygon.
Polygon’s full compatibility with the Ethereum Virtual Machine (EVM) enabled RCN to seamlessly integrate with Polygon without going through the tedious process of developing the Credit Marketplace from scratch.
The integration with Polygon will only strengthen the Multichain universe synergies for RCN.
Learn more on How to lend and borrow in the Credit Marketplace on Polygon from the tutorial published on the RCN Blog.
RCN is an open-source global credit network that connects lenders, borrowers, and originators on the blockchain to create frictionless, transparent, and borderless loan markets. RCN harnesses the Ethereum blockchain technology to bridge credit supply and demand across borders, creating a new decentralized lending ecosystem and borrowing solutions for multiple stakeholders.
Source : blog.polygon