Unizen, a Binance Cloud-supported CeDeFi exchange with aggregated liquidity, announced today its plans to create a highly scalable financial ecosystem on Polygon, the leading Layer-2 technology for Ethereum-compatible blockchains.
Unizen plans to build, support and boost public adoption of powerful new decentralized finance (DeFi) and centralized decentralized finance (CeDeFi) applications.
The announcement follows Unizen’s recent decision to use Polygon’s network to power Unizen Exchange, which combines centralized and decentralized exchange capabilities on a single platform, and its dynamic multi-asset staking (DMAS) system that allows investors to receive multiple assets as rewards for staking native tokens. By migrating from Ethereum and launching on Polygon, Unizen will deliver multiple benefits for users, including increased transaction speeds and a reduction in fees to as low as $0.1 to $0.5 per trade.
Unizen is building a highly scalable liquidity aggregation solution for retail and institutional trading, while Polygon is developing the go-to infrastructure for web3, a future, decentralized Internet. Polygon’s network of projects is constantly evolving and growing, providing Unizen with exposure to dozens of new potential use cases. Moreover, the scaling of Unizen Exchange and DMAS on Polygon will boost network adoption and become a powerful showcase of its efficiency and scalability.
Through its ZenX Labs incubator, Unizen will support emerging projects that serve to provide assets for DMAS.
Unizen is the first CeDeFi exchange to combine the functionality of first-party and third-party CEX’s and DEX’s in order to meet the needs of both retail and institutional traders. Unizen Exchange is able to find the most cost-efficient trades across a multitude of exchange modules, including Binance, to provide the best offers, reliable performance, and a secure environment for high-volume trading. All in one seamless user experience.
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 7,000+ applications hosted, 1B+ total transactions processed, ~130M+ unique user addresses, and $5B+ in assets secured.
Source : cryptodaily.io