Polygon forms DAO for DeFi The developers of Ethereum scali | ССenter – Blockchain and Bitcoin

Polygon forms DAO for DeFi

The developers of Ethereum scaling solution Polygon said they will build a decentralized autonomous organization (DAO) for the decentralized finance (DeFi) sector.

According to the announcement, Polygon's (MATIC) goal is to attract 100 million users to the DAO and invite that community to have a say in its ongoing development of DeFi.

The formation of DAO is the "next logical step" toward collaboration between DeFi's blockchain-based systems, given the presence of projects like SushiSwap, Curve and Aave already using Polygon as a scaling solution.

Polygon will use part of its $100 million #DeFiforAll fund for this process.

Polygon recently acquired the Hermez Network (HEZ) platform based on ZK-rollup, as part of a blockchain network merger and token fusion.