Polygon will create a DAO for the DeFi sector – Bits Media

Ethereum Polygon Tier 2 Solution Developers Will Create Decentralized Autonomous Organization (DAO), to which they plan to attract about 100 million users.

According to Polygon blog article, Ethereum scaling solution developers are planning create a DAO for the decentralized finance sector (DeFi). Polygon's goal is to bring about 100 million users and invite community members to comment on the development of the DeFi industry.

As noted by the developers, the formation of a DAO is the "next logical step" towards cooperation between systems on blockchains, considering the presence of projects like SushiSwap, Curve и Aave, already using Polygon as a scaling solution. Part of the #DeFiforAll fund will be used to create the DAO for $100 million.

Polygon recently acquired the Hermez Network scaling project for $250 million, at the same time, for the first time in the history of the cryptocurrency industry, project tokens will be merged together. Acquisition combined with DAO formation will further decentralization, beyond the PoS model, and will help Polygon become the Internet Protocol.

«Через DAO мы призываем всех активных членов сообщества и проекты DeFi предлагать идеи по повышению популярности DeFi и привлечению следующего миллиона пользователей», - developers say.

More DeFi Projects Add Ethereum Layer 2 Network Support Polygon. Over the past few weeks, Harvest Finance, Tidal Finance, dHEDGE and Teller Finance have been deployed to Polygon.