FLUID ADOPTS POLYGON AS ITS ULTRA-EFFICIENT PRIMARY DEFI CHAIN - Chainwire

19Apr

FLUID ADOPTS POLYGON AS ITS ULTRA-EFFICIENT PRIMARY DEFI CHAIN

Dubai, Dubai, 19th April, 2022,

FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle fragmented liquidity in virtual asset markets, today announced that it will partner with Polygon as its primary DeFi chain. Due to its minimal transaction costs and speed, Polygon, the leading platform for Ethereum scaling and infrastructure development, is an excellent chain for FLUID’s decentralized solution.

Polygon is now a top DeFi solution with over 7000 decentralized apps, more than 130 million addresses created on the network, and over 3.4 billion transactions recorded since its inception.

“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,” said Ahmed Ismail, President & CEO, FLUID.

As FLUID works towards building the liquidity aggregator of the future, it aims to build on the most effective blockchain technologies. The speed and stability that Polygon provides meet FLUID’s requirements to resolve fragmented liquidity.

“FLUID is delighted to adopt Polygon as its primary DeFi chain to improve fragmented liquidity. By building on Polygon, $FLD token-holders will have access to a premium experience at ultra-low latency and ultra-low transaction fees. Given Polygon’s creative scaling solutions for the Ethereum blockchain, we decided to adopt Polygon after doing significant market research,” said Jason Jiang, CTO, FLUID.

FLUID is on track to complete its build on Polygon by Q3 of this year.

Given the popularity of Polygon and its stellar track record of successful projects, FLUID will build on a blockchain that is EVM compatible and easy to code. FLUID will start its partnership with Polygon as its commit-chain and will look to leverage its full-stack scaling solution to build FLUID’s native app which is due to be delivered in the first half of 2023.

For more details, please visit t.me/FLUID_liquidity.

About FLUID

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

Many physical and digital assets will be tokenized in the future. FLUID intends to capitalize on the multi-trillion-dollar tokenized market volume potential across spot, futures, derivatives, synthetics, STOs, tokenized assets, and more.

FLUID is driven by a seasoned senior team with diversified experience in tier one financial institutions such as Bank of America Merrill Lynch, Goldman Sachs, BNY Mellon, Citibank, Visa, and founders of leading regulated digital asset OTC trading desks, quantitative firms, and popular blockchain companies.

FLUID is the future of liquidity aggregation, transformed.

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.

Contacts

Head of Marketing and Communications

Matias Jeldrez
matias.jeldrez@fluid.finance