Polygon To Build DAO For DeFi Sector Soon.

Polygon To Build DAO For DeFi Sector Soon.

2021-08-19 | Robin Williams

Polygon To Build DAO For DeFi Sector Soon.

Ethereum scaling solution Polygon revealed that it'll build a DAO [Decentralized Autonomous Organization] for the DeFi [Decentralized Finance] sector. Polygon's aim is for the DAO to draw in 100 Mln users, consistent with an official announcement earlier on Thursday. Forming a DAO is "the next logical step" to aiding collaboration between blockchain-based systems, given the presence of projects like Sushiswap, Curve, and Aave already employing Polygon as a scaling solution. It will use a number of its $100 Mln #DeFiforAll Fund for the process.

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