Announcing Mesh Finance launch on Polygon
Mesh Finance launches the 1st yield aggregator on Polygon.
Mesh Finance is a community-driven DeFi ecosystem on a mission to bring DeFi to billions of humans. However, to make DeFi accessible to billions, it needs to be affordable as well. Mesh Finance is launching on Polygon to move one step forward towards this mission.
Yield generation has been one of the most used cases in DeFi. Users in DeFi have been able to generate 100x better yields than the traditional banks on crypto dollars. But these yields have been accessible only to a few people. It requires a large amount of capital to make economic sense due to high gas costs. And it becomes difficult to gauge the risk/reward dynamics given the highly technical and mathematical nature of blockchain protocols. Most of the time, the risks are not visible when you try to maximize your yields. While degens can move from one opportunity to another, most users get scared away seeing a crazy range of yields in the space. Mesh Finance is launching a yield aggregator which lets you maximize your yields based on your risk appetite.
Try out the 1st yield aggregator on Polygon below.
https://polygon.mesh.finance
Mesh Finance will help you maximize your yields while maintaining your risk appetite.
Why is Mesh Finance launching on Polygon?
Mesh Finance is on a mission to bring Open Finance (aka Decentralised Finance aka DeFi) benefits to billions of humans. The benefits Open Finance brings are equal access and high security. And we believe today Ethereum is the leading chain providing both of these benefits. But to deliver these benefits ethereum currently suffer from high transaction cost. It can cost anywhere from $2 to $1000 in a single transaction on Ethereum, depending on the peak times. ~50% of the world's population lives under $5.5/day. Hence Mesh needed something which can reduce the costs to a level that is affordable to most humans. Currently, Polygon is one of the top scaling solutions on Ethereum.
- It has almost negligible transaction costs and fast confirmation times.
- It uses Ethereum as its settlement layer, providing better security than most alternative chains.
- It has smooth transition capabilities from Ethereum to Polygon and vice versa.
- It is 100% EVM-compatible means we can run the same contracts on Polygon as we run on Ethereum.
- It has seen wide user adoption in a short time, proving all the points written above. Check out the below graph on how Polygon has been gaining momentum.
Many high-quality projects like Aave, Curve, and SushiSwap have been launched on Polygon. The recent launch from Mesh Finance will be filling the gap of yield aggregation for passive users by integrating with multiple protocols under a single smart contract. As a result, users will earn maximum yields based on their risk appetite from a single platform.
Polygon is on a mission to build a Borderless world. We are thrilled to join Mesh Finance’s mission to democratise financial access. We can’t wait to see Mesh Finance bringing Open Finance benefits to mass users. — Sandeep, Cofounder of Polygon
What is next for the Mesh-Polygon ecosystem?
Launching the yield aggregator is just the 1st step of the Mesh-Polygon ecosystem. Next, Mesh Finance will work closely with Polygon to bring more products to bring Decentralised Finance benefits to millions of humans. These will include many structured products that are focused on mass use cases.
What can you do from here?
You can earn high yields while maintaining your risk appetite in simple steps. There is a hard cap of $5M on TVL. As soon as the TVL reaches $5M, the contract will stop taking new deposits. We will increase this limit in the next few days with the help of the Mesh community. Check out the product with the link below.
Follow Mesh Finance on Twitter to stay up to date about Mesh Finance.
Mesh Finance is led by open-source contributors who want to bring DeFi to billions of humans. Whether you are a developer/designer/content creator/data analyst/product person/marketer/community person if you also want to take DeFi to billions of humans, join us at Mesh Finance Discord.
About Mesh Finance
Mesh Finance has been started by Mudrex; a Y Combinator backed company. Mesh Finance is a community of humans on a mission to bring Open Finance benefits to every human. To achieve that, Mesh Community is building easy-to-use DeFi products under the Mesh ecosystem. The Mesh Finance community consists of humans with different skill sets. Some find investment opportunities. Some convert those into smart contracts, vet them, and suggest allocation. Some work on growth and making the community stronger. To make it usable for millions of users, Mesh Finance focuses on making the user experience simple. The first Mesh product is a community-driven yield aggregator that helps users access various DeFi opportunities based on their risk appetite.
