We are thrilled to announce that ETHA Lend’s newest stable asset – eVault is now live on Polygon, wherein users can deposit stable assets to earn rewards in MATIC and ETHA tokens!
Lauded by billionaire investor Mark Cuban, Polygon (formerly known as Matic) is an Ethereum scaling solution that connects Ethereum compatible blockchain while also offering the benefit of near-zero gas fees.
ETHA Lend initiated its integration with Polygon by launching its protocol on Polygon’s POS chain to achieve greater scalability and leverage the rapidly developing ecosystem. With the Mainnet launch, it launched two stable assets eVaults, wETH and wBTC. The growth has been phenomenal since then. While the strategy is good at protecting its users’ principle from volatility and still providing them the benefits of exposure, a large part of this growth can also be attributed to the phenomenal gas optimization and scalability that Polygon lends to ETHA Lend.
Supply a Stablecoin, Earn MATIC and ETHA
ETHA Lend is among the few Polygon projects that will be natively incentivized with MATIC tokens; some of these projects include leading names in the industry: AAVE, SushiSwap, and Curve.Finance.
Launching its newest stable asset, eVault, with rewards in MATIC + ETHA tokens is a logical choice given the historical growth of MATIC as an asset. The new stable asset eVault allows users to enjoy one of the best risk-averse strategies, high APYs, including LP rewards at the lowest fees and lowest risk. More platforms and eVualts will be integrated over time.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
About ETHA Lend
ETHA Lend is a yield optimizer powered by Polygon that aims to abstract the complexity in DeFi to provide users algorithmically optimal yields. The key makers of the protocol include a discovery algorithm, a hybrid lending market, stable asset eVaults with rewards in volatile assets, automatic rebalancing, and more. ETHA Smart Wallet is another unique non-custodial integration that allows users to batch transactions with multiple different assets all at once. The team behind the protocol is constantly expanding on their product line and strategies to offer users an all-inclusive set and forget experience towards incredible yields in the broader DeFi market.