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Polygon Will Launch DAO to “Unite” DeFi Platforms

Polygon confirmed today that it has plans for a DAO that may “unite” disparate DeFi platforms and services through shared architecture, along with onboarding the “next 100 million” users to Polygon.

Basically, Polygon feels that what is good for DeFi can also be good for the company, so the project wants to put money into the DAO to further that plan.

Polygon will use the $100 million DeFi fund it confirmed in April in order to fund the creation and maintenance of the organization, but also to finance projects that may help develop the DeFi industry even more.

“Polygon’s overarching intention is to decentralize specific internal decision-making and invite the community to have a say in the ongoing development of the Polygon DeFi sector. The venture also intends to foster greater cross-collaboration and compatibility within community projects.”

The company has already convinced Chainlink, Aave, SushiSwap, and QuickSwap to join in creating the DeFi DAO.

Source: Decrypt.co

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