Equalizer Plans to Bring Flash Loans to Layer 2 Blockchain Solution Polygon
As we head toward the full-fledged launch of Equalizer.Finance, we are excited to announce that we have entered a strategic collaboration with one of the most eminent Layer-2 blockchain solutions and a platform for launching interoperable blockchains, Polygon (previously known as Matic Network).
Initially, when Polygon was known as Matic Network, it had a reputable track record of functioning as a highly successful scaling solution for Ethereum-based projects. The project recently rebranded to turn from a layer-2 solution into an all-encompassing platform where developers could deploy the most scalable and interoperable blockchain networks and dApps. As it stands, Polygon is composed of four layers namely the Ethereum layer, Polygon networks layer, security layer, and execution layer. So, while Polygon still serves as a scaling solution, it is also able to do much more.
Our partnership with Polygon seeks to create a win-win situation for both projects and their users. As we build the world’s first dedicated decentralized flash loan service, we not only intend to launch it on Ethereum but also across layer-2 chains with consistent trading volume of a wide range of digital assets. This, we believe, will enable users across the blockchain networks to use and take advantage of existing opportunities such as arbitrage, collateral swapping, and liquidations and portfolio rebalancing.
Iulian Nita, the Project Lead at Equalizer, said, “Our goal is to partner with projects that add value to us and to which we can add an equal amount of value. And definitely, Polygon perfectly fits in with us. Apart from what both these platforms will add to each other, we also look forward to putting in a collaborative effort to grow the DeFi space and offer better and easier service for the community.”
On the other hand, Polygon is a fastly growing network and as their partner, it would allow us to explore a new market while enabling our users to reap the benefits of increasing trading volume on Polygon. Our collaboration with Polygon will also bring new traffic to the Polygon network as it adds a completely new decentralized service for the network users and traders.
“Equalizer is unique in that it reimagines flash loans in the DeFi ecosystem. It is their potential that drove us to partner with the platform and we are sure that both projects and their users will benefit equally from this partnership,” said Sandeep Nailwal, Co-Founder and COO of Polygon.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 90+ Dapps, ~7M transactions and ~200K unique users.
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Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.
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