Cryptolocally and Polygon announce the P2P listing of MATIC and the integration of Polygon into the DeFi Earn Wallet
We are excited to deliver on our promise of partnerships that will overhaul Cryptolocally behind the scenes, complementing our recently redesigned platform. The first on the list is integrating Polygon (the creator of MATIC), a protocol and framework for building blockchain networks. We didn’t stop there — we are also listing Polygon’s MATIC to expand Cryptolocally’s token offerings and Polygon’s market reach. This listing will accelerate user acquisition for both parties.
This new listing will make Cryptolocally the first P2P platform to offer MATIC. MATIC traders will soon be able to leverage Cryptolocally’s secure, easy-to-use and community-run P2P crypto marketplace to purchase MATIC with their local currency using +50 different payment methods.
Polygon and Cryptolocally’s DeFi Earn Wallet
At Cryptolocally, we are actively delivering sophisticated financial tools that are easy to use and accessible to everyone. An example is the Earn Wallet (previously called Finance Wallet), a tool to help you passively earn interest on your crypto. Our smart contract-based algorithm works 24/7 to find the best yield strategies and provide the highest returns on your cryptocurrency.
Previously, we partnered with Idle to improve interest rates by automatically tapping into powerful DeFi protocols like Compound, Aave, dYdX, and Oasis and moving between liquidity pools automatically with gas (transaction) fees in mind.
Partnering with Polygon helps us take our Earn Wallet to the next level by tackling a rising problem for Ethereum-based blockchains: high gas fees. Our partnership with Polygon also allows us to tap into their growing DeFi ecosystem, helping you gain even higher yields.
What is Polygon
Polygon is a full-stack scaling solution that achieves scale by utilizing side chains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.
They are well known for their MATIC coin, which is the first implementation of their Polygon framework. Just like blockchains based on Polygon, MATIC strives to solve the scalability and usability issues while not compromising on decentralization and leveraging the existing developer community and ecosystem.
What is Cryptolocally
Cryptolocally is a non-custodial P2P cryptocurrency trading platform with a patent-pending smart contract escrow that provides additional security to users. Our smart contract escrow eliminates third-party involvement in trades, keeping you in control of your assets. For each trade completed on the platform, users earn GIV, Cryptolocally’s native token.
GIV serves as a governance token, working directly with GIVernance, Cryptolocally’s governance system. GIV holders have the power to create and vote on proposals that determine the direction of the development of Cryptolocally’s ecosystem. GIVernance made Cryptolocally the world’s first truly decentralized peer-to-peer trading platform!
The Earn Wallet made Cryptolocally the first P2P crypto trading platform with a DeFi feature. With the Earn Wallet, users could finally earn staking rewards on ETH, DAI, USDC, USDT, UNI, and GIV with minimal effort.
As the first P2P exchange to integrate a DeFi feature, we are leading efforts to create a decentralized financial future that is inclusive and easily accessible to anyone. The partnership with Matic is designed to further those efforts.
Everyone should have an easier and safer way to trade crypto. There are still over three billion people in the world that are unbanked, creating the need to trade crypto assets. We believe that partnering with Polygon will better serve these users as will everyone else.
To learn more about Cryptolocally and Polygon, latest news, developments, and announcements you may visit the following links: