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Fluid Collabs with Polygon To Improve Fragmented Liquidity

Published 04/19/2022, 05:12 AM
Updated 04/19/2022, 05:30 AM
Fluid Collabs with Polygon To Improve Fragmented Liquidity
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  • FLUID adopts Polygon as its DeFi chain.
  • This will provide FLUID for ultra-low transaction fees at speed.
  • The partnership will improve the fragmented liquidity of FLUID.

FLUID, the ultra-low latency liquidity aggregator, announced its partnership with Polygon. This will allow FLUID to adopt Polygon as its primary DeFi chain. Polygon is one of the leading platforms for Ethereum scaling and infrastructure development. Particularly, it has minimal transaction costs and speed, which is an excellent chain for FLUID’s decentralized solution.

Ahmed Ismail, President, and CEO of FLUID remarked:

FLUID’s philosophy to provide ultra-low latency and costs is deeply intertwined with Polygon’s. As the future of aggregated liquidity, we will grow with Polygon, and together provide ultra-efficient solutions and best execution practices to virtual asset markets in both the CeFi and the DeFi space.

FLUID CTO Jason Jiang also opined that the company is adopting Polygon to improve fragmented liquidity. Moreover, $FLD token-holders will have access to a premium experience at ultra-low latency and ultra-low transaction fees. “With Polygon’s creative scaling solutions for Ethereum blockchain, we decided to adopt Polygon after significant market research,” he added.

Specifically, FLUID works to build the liquidity aggregator of the future. It aims to create the most effective blockchain technologies. The speed and stability features of the Polygon provide FLUID with the help it needs to resolve its fragmented liquidity operations.

Furthermore, with Polygon, FLUID will also build a blockchain that is EVM compatible and easy to code. FLUID will start its collaboration with Polygon and use it as a commit chain. It will also leverage Polygon’s full-stack scaling solution to build its native app, which is expected to be launched in the first half of 2023.

FLUID is the ultra-low latency CeDeFi liquidity aggregator that provides AI quant-based models to tackle fragmented liquidity in virtual asset markets.

Meanwhile, Polygon is now considered the top DeFi solution with more than 7000 decentralized apps, over 130 million addresses created on the network, and over 3.4 billion transactions records.

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