Matic Network collaborates with Gravity to drive mainstream adoption of DeFi
Matic, a leader in DeFi adoption has integrated Gravity, an inter-chain protocol that connects different blockchains and external centralized data sources without the creation of a native token. This will offer opportunities to build new-generation cross-chain solutions.
Quickswap exchange, the Easyfi lending protocol, Marble Cards, a solution for non-fungible tokens (NFTs) and other DeFi solutions have built on Matic. The integration of Matic will further drive the adoption of DeFi.
Benefits of Matic Network integration into the Gravity protocol
- Cross-chain swaps and trading opportunities for MATIC tokens: MATIC tokens will be wrapped and accessible on Gravity's current target chains, including Waves and Tron. MATIC gets listed on Waves.Exchange.
- Cross-chain dApp calls and oracles: The Matic network will get access to oracles that retrieve data from other blockchains and APIs. Oracle data can be used on-chain for creating unique functionality, facilitating interaction between Matic and other ecosystems.
- MATIC will be used as a means of payment on Gravity: MATIC tokens will be held and locked by Gravity nodes. Data consumers will be able to use the token to pay fees, this will boost demand for Matic’s token. MATIC will become a token that can be locked as collateral for a Gravity node just like ETH, WAVES and TRX
- USDN, WAVES and other Waves-based tokens will be accessible on Matic sidechains: Scaling USDN (Neutrino USD) to the Matic network will create new opportunities for the ecosystem’s users and empower Matic’s position in the blockchain space.More than 30 million USDN has been locked on a smart contract.
This integration is a major step towards cross-chain interoperability which is benefitting to both ecosystems and creates way for next-generation applications.
About Matic
Matic is a developer-first hybrid POS+Plasma sidechain on top of Ethereum, enabling Ethereum developers to scale their DApps for large scale usage. Matic is rapidly becoming the go-to Layer 2 Solution for developers, ensuring secure, scalable and instant transactions, secured by Ethereum. There are 70+ Dapps building on Matic, ranging from DeFi Protocols to thrilling games and prediction markets. Deploy your existing Ethereum DApp in less than 15 minutes!
