Aave has announced integration with Ethereum’s sidechain Polygon. Aiming to provide alternatives for DeFi applications to be used by everyone, the implementation will allow users to leverage “nearly-free” transactions.
With a “nascent ecosystem” composed of protocol such as Quickswap and Aavegotchi, Polygon is connected to Chainlink oracle service. Therefore, the information that will feed into Aave protocol will be secured. Aave team stated:
Polygon is the opportunity for the Aave community to onboard new kinds of collaterals that would be a natural fit in these Networks.
Formerly known as MATIC, this sidechain will allow users to tap into Polygon Aave marketplace to trade token MATIC and 6 additional assets including Bitcoin’s synthetic version WBTC, WETH, AAVE, and stablecoins USDC, USDT and DAI.
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In addition, the integration will feature a “bridge” so that assets can be “exported” to Polygon’s sidechain. That way, users will be able to receive “part of the transaction fees” for paying