- A regulated digital assets institution, Nexo offers MATIC holders 20% APR as a promotional campaign to welcome the Polygon network.
- Besides lending initiatives, Polygon is a primary chain to mint NFTs and expand Nexo’s offerings in the metaverse.
- Polygon network is among the top protocols that successfully onboarded the highest number of new users over the past eight weeks.
Polygon is now available on Nexo Finance. As part of Nexo’s promotion, investors can now earn 20% APR on MATIC.
Highest return on investment on MATIC with Nexo Finance in 2021
Polygon network holders and investors will be able to earn higher returns on Nexo’s DeFi platform. The regulated crypto assets provider offers users 150 market pairs. Users can now buy, swap and borrow against MATIC.
Users receive daily payments with 20% interest under the ongoing promotional offer. Polygon network’s activity has been growing as multi-chain networks become increasingly important. Nexo’s team is engaged with Polygon Network on a number of initiatives.
Polygon network will help Nexo expand their offerings through NFTs, helping the DeFi protocol get into the metaverse. NFTs have high potential as a new asset class; Polygon’s blockchain network offers Nexo an opportunity to offer metaverse products.
Users that purchase MATIC on Nexo’s exchange can earn 20% interest and grow their passive income till the promotional offer lasts (Jan 3, 2022).
Polygon network has reached out to enterprise projects looking for sovereignty, their own blockchain and don’t want to derive security from Ethereum’s scaling solutions. Mihailo Bjelic, co-founder of Polygon network, tweeted:
We're in touch with a lot of projects (many of them from the enterprise world, but not all) who want sovereignty, i.e. their own chain/L1, and simply do not want/need to derive security from Eth L1.
— Mihailo Bjelic (@MihailoBjelic) November 24, 2021
This is a realistic and big use case that we're addressing with Polygon SDK.
Analysts have evaluated MATIC price trends and predicted a trend reversal. @Koolaid_crypto, a cryptocurrency analyst, believes that MATIC price is testing old resistance and is likely to breach resistance in the coming days.
$MATIC testing old resistance. The 0.618 fib is above the downward sloping trend line so we may see a breach of resistance in the coming days. #MATIC #MATICusdt pic.twitter.com/Hq0kVZryoM
— Crypto Koolaid (@Koolaid_crypto) November 24, 2021
Originally published here
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
