As part of its ongoing efforts to make the decentralized finance ecosystem more accessible through infrastructure development, this layer2 scaling solution has introduced a $100 million fund designed to lower the barriers to entry for yield farming and lending.
#Defiforall to Support Development Over Next 2-3 Years
Decentralized finance (defi) has emerged as one of the most explosive blockchain developments over the past year as new products and services offer a new means for token holders to monetize their crypto holdings.
The push has been so extreme that the total value locked (TVL) in defi protocols has crossed back above $60 billion, trending just shy of the record amount reached mere weeks ago. Yet, defi remains one of the most complex areas of the blockchain universe for newcomers as the steep learning curve and high capital requirements push more minor participants to the fringes.
Enter Polygon, an Ethereum scaling and infrastructure development solution. Formerly known as Matic, Polygon intends