DHedge scales up on Polygon, integrates with SushiSwap


Decentralized asset administration protocol, dHEDGE, has launched its V2 deployment on Polygon. The brand new platform additionally boasts an integration with in style decentralized trade, SushiSwap.

Talking completely to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Entry Transactions (GOAT) framework — which allows v2 customers to entry whitelisted DeFi DApps whitelisted by the dHEDGE decentralized autonomous group (DAO).

Andersson emphasised that the GOAT framework will considerably enhance the velocity with which dHEDGE is ready to launch new integrations with third-party protocols, stating:

“It is like a basic framework for us so as to add help for DApps. As a substitute of getting to construct particular plugins or connections to DApps, we will use this framework to whitelist DApps.”

Launched in late 2020, dHEDGE’s first iteration completely allowed fund managers to take a position on belongings offered by the Synthetix protocol. In contrast, v2’s GOAT framework permits fund managers to entry the belongings and companies of any Ethereum Digital Machine (EVM)-based protocol accredited by the dHEDGE DAO, enabling asset managers to supply yield farming companies for traders.

At launch, dHEDGE v2 will allow help for SushiSwap’s Polygon-based decentralized trade and yield farms. The dHEDGE DAO is at the moment exploring different in style DeFi protocols for potential help.

Associated: dHEDGE launches tokenized index monitoring its prime 10-ranked merchants

Andersson famous dHEDGE’s DAO is at the moment trying into integrating with Aave, noting the decentralized cash market would allow asset managers to borrow all kinds of belongings for shorting. He added that dHEDGE plans to launch its v2 platform on extra EVM-compatible chains, noting Eth2, Optimism, and Arbitrum as seemingly contenders.

Regardless of the expanded performance, Andersson describes fuel payment mitigation as the first motivation behind dHEDGE v2, noting the steep charges related to buying and selling via the protocol on Ethereum’s layer-one.