After the successful integration with Polygon a month ago, Solace is now expanding the reach of its services. The world of DeFi coverage experienced a fresh breeze of innovation thanks to Solace’s innovational product: the Total Wallet Coverage. A one in a kind, not provided by anyone else in the space insurance allows you to buy cover for any of your assets. After a successful launch and tests on the Ethereum mainnet they’re reaching out to Polygon users in order to give them what they deserve: automated security while exploring the DeFi space available for pennies with just 3 mouse clicks. With an additional 5, you’ll be now able to buy and sell $SOLACE without having to bridge from Ethereum: the first (incentivized with 6 million $SOLACE!) liquidity pool is launching on the Polygon network!
Polygon is an amazing full-stack scaling solution suited perfectly for Solace’s needs. Thanks to absurd low fees and rapid transactions users won’t have to bother thinking about the necessity of a transaction: users with any capital size can participate. Broadening horizons on Polygon also means attracting users from a huge network, which results in more liquidity, more traction, more possible interactions.
What was earlier only available to Ethereum users can now be reached by Polygon users: Total Wallet Coverage with cost-effective fees provided by Polygon makes the DeFi space safer and more accessible to any explorer wishing to dive into it without risking losing his life savings because of a hack. A smart engine categorizing other protocols into risk levels will fix you an adequate rate for the coverage: a small price for salvation. Should there be a hack, you won’t ever need to file a claim, or ask for your money in any way, Solace will handle it all. Just like providing you with a liquidity pool on Polygon via Uniswap. Rewarded with 6M $SOLACE (at the time writing about 340k $) over 3 months you’ll now be able to provide liquidity and swap $SOLACE without having to bridge to other protocols!
When? The dates are just around the corner: Total Wallet Coverage and liquidity pool launch on March 7th See you soon, Polygon!
Solace is a decentralized crypto insurance protocol designed to cover DeFi users from hacks and exploits. Born as a DAO, Solace’s mission is to forge innovation into intuitive protection tools for crypto explorers. With Wallet Coverage, Solace is the only crypto protection protocol that offers simple, intelligent and transparent protection tools for people who want to explore crypto without compromising safety.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.