In the latest development, Polygon and the 0x project allocated $ 10.5 million to set up an API platform and infrastructure to attract 1 million users to the Polygon and Ethereum networks.
The establishment of API 0x will help decentralized financial application (DeFi) projects at Polygon to connect their applications to external platforms such as decentralized exchange (DEX) on the Ethereum network.
The interesting thing about the API developed is that DeFi developers are able to access liquidity from DEX at a quick and easy rate for their projects.
For the record, Polygon is the solution scale for Ethereum. It was developed as a side-chain to solve all the scalability problems faced by Ethereum, including expensive costs, shortcomings in user experience, and low transaction rates per second.
Project 0x is a developer framework that dominates DEX in Ethereum.
So with the existence of the API, the DeFi project can integrate with trading activities at Polygon and obtain liquidity from various DEX including Quickswap, SushiSwap, CurveFinance, Dodo, mstable, DFyn, Cometh, and more.
After this API 0x will launch integration support with Matchaxyz, Dexguru, Dexkit, MyCrypto, Set Protocol, Zapper.fi, and Zerion.
