The DeFi ecosystem on Matic is quickly beginning to blossom! Welcoming community-governed AMM exchange DFyn onto the Matic mainnet!

DFyn is a community-governed DeFi project that offers a low-fee AMM exchange which utilizes Matic Network to provide traders and liquidity providers with fast transactions and negligible gas fees. It combines the unmatched liquidity of Ethereum with the scalability of L2.

Users of DFyn are able to seamlessly swap assets and take advantage of yield farming opportunities by providing liquidity to the platform. DFyn hopes to unlock DeFi for the masses by overcoming the costly barriers to usage on the Ethereum mainnet through utilizing Layer 2.

DFyn plans to add Polkadot implementation by the end of December to utilize multiple v2 chains for interoperability between different blockchains to merge liquidity. The team is also working on providing a comprehensive platform for social tokens and NFTs.

We’re excited to see how the L2 DeFi movement is expanding to newer reaches and we love the innovation DFyn brings to Matic Network!