Sphere Finance Launching on Polygon to Become the S&P 500 of DeFi

We’re launching on Polygon! Just that is enough to get people excited, and for good reason! We’re leveraging their experience in DeFi, a space which has been pioneered by Ethereum, and are making a financial instrument in one of the most accessible & open ecosystems out there – Polygon.

For those of you unfamiliar with Polygon, it’s one of the first well-structured platforms for Ethereum full-stack scaling. It has everything an aspiring developer wishes for his blockchain app’s infrastructure: low fees, fast transactions, a secure chain. On top of that, all of it is on Ethereum, meaning that there is little to no adjustment needed in order to be able to develop on it. A Solidity developer’s dream. If you’ve been following Sphere since its beginning, you’ll know that they put a great emphasis on security, with their Lead Dev, Simsala, being a veteran cybersecurity expert with 10 years of experience in the field. The security added on top of an already secure network is more than welcome to their young project, with its soft launch right around the corner (February 28th). The low fees also open up an opportunity for people from all around the crypto space to freely move into the ecosystem, into their project, no matter what chain they’re sending funds from. This makes enjoying Sphere Finance an easy task to anyone who has the wish to participate! 

Sphere Finance offers something that hasn’t yet been properly explored in the DeFi space – an opportunity to create an index of yields on the DeFi space, essentially creating a one-stop-shop for yields from all around the blockchain. With Polygon’s ease of use, anyone can enjoy a constantly yielding asset with only a few clicks. Those clicks are, in their respective order, the “Approve Transaction” button & the “Buy” button! 

Their project will be open for the masses with a soft launch on the 28th, ending their launch phase in mid-March. We’re currently working on acquiring a number of exciting partnerships to bootstrap their project & realize their goals through smart deployments of their treasury, all powered via Polygon, with collaborations under works with the Polygon ecosystem. 

About Sphere Finance

Sphere is a financial protocol that makes yielding as simple as making one transaction. Using the Sphere Autostaking Protocol (SAP), users can easily have a stake in their treasury filled with yield-bearing assets & governance tokens just by holding the SPHERE token, akin to S&P 500 in the TradFi world. $SPHERE aims to become a token whose inherent value represents the power of the strongest governance tokens in the space.

Twitter: https://twitter.com/SphereDeFi

Medium: https://medium.com/@SphereFinance_

Docs: https://docs.spherefinance.xyz/

Twitch: https://www.twitch.tv/spherefinance

Website: https://www.spherefinance.xyz 

Telegram: https://t.me/RealSphereDeFi

About Polygon 

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.

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.

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Source : cryptodaily.io

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