BonqDAO Resumes Lending on Polygon After Community Vote
BonqDAO has announced that it will restart its lending process on Polygon, following a successful poll in which the majority of token holders voted in favour of the move. The decision was based on a number of factors. It includes the existence of a native bridge to Ethereum, a decentralized exchange comparable to Uniswap V3, automated liquidity solutions, acceptable whitelisting requirements, and stablecoin liquidity.
📣Dear BonqDAO Community,
We are thrilled to inform you that the recent vote regarding the relaunch of our lending protocol on Polygon has concluded, and the result is a resounding YES! 🎉
— BonqDAO (@BonqDAO) May 15, 2023
BonqDAO Joins Polygon’s Ecosystem
Polygon, also known as Matic Network, is a Layer 2 scaling solution for Ethereum. It has gained popularity in recent months due to its low transaction fees and high throughput. The platform has a growing user base and offers a range of tools and services that are attractive to DeFi projects like BonqDAO.
By launching on Polygon, BonqDAO will be able to tap into the platform’s robust ecosystem and take advantage of many interesting prospects. The move is also part of BonqDAO’s plan to become a multichain business over the next six months. It seeks to expand its reach and offer more options to its users.
The relaunch on Polygon is a significant milestone for BonqDAO, and the team is grateful for the enthusiastic engagement and unwavering support of its community. Moreover, the project has received strong backing from investors and partners.
BonqDAO Sets Sail on a New DeFi Journey
The relaunch on Polygon is just the beginning of a new chapter in the evolution of BonqDAO. The team is committed to continuing to innovate and push the boundaries of what is possible in the DeFi space. The project is well-positioned to take advantage of the opportunities that lie ahead, and the team is excited to embark on this new journey with its community by its side.
In addition, BonqDAO’s relaunch on Polygon is a significant development in the world of DeFi. The project is well-positioned to take advantage of the opportunities that lie ahead. Moreover, the team is grateful for the support of its community and is dedicated to continuing to innovate and push the boundaries of what is possible in the space.
