Xion International, Web3 crypto funds gateway, and Xion Finance, Defi Protocol and DEX aggregator will combine Polygon’s, full-stack Ethereum scaling resolution, to reinforce scalability and improve liquidity to support funds enlargement throughout a number of chains.

SINGAPORE, Aug. 10, 2022 /PRNewswire/ — Xion International, Web3 crypto funds gateway, and Xion Finance, DeFi protocol and DEX aggregator, are transferring from Gnosis Chain to the Polygon PoS chain. Polygon’s full-stack Ethereum scaling resolution will assist champion and develop Xion’s multi-chain crypto funds and DeFi protocol roadmap.

Polygon’s decentralized Ethereum scaling platform permits builders to construct user-friendly scalable dApps with low transaction charges and uncompromised safety.

The launch of this DeFi alliance on Polygon will facilitate additional liquidity provision, developer optimization, funds migration, and partnership enlargement for Xion International’s crypto cost options and the Xion Finance DeFi protocol. Pioneering their options on a extra scalable, liquid and extremely respected chain.

With the immense progress of Xion International’s crypto cost gateway the Xion ecosystem requires assist from extra main evm-based chains to ship and market the meant use instances throughout a large number of industries together with, however not restricted to, metaverses, casinos, gaming and ecommerce with annual crypto transaction historical past that reaches $four billion plus.

Polygon’s PoS chain supplies a brand new crypto funds settlement layer that may assist excessive volumes of stablecoin exit liquidity for multi-chain checkout cost strategies, cross-chain decentralized rebalancing and multi-party service provider payouts. Multi-chain funds enlargement and optimization of a number of chains will immediately settle in USDC (Polygon) amounting to roughly $10M USD in day by day transaction quantity on the Polygon PoS chain.

“We’re honored to combine with Polygon. Our collaborative work has been very promising since its inception. We look ahead to bringing extra adoption to the Polygon community and persevering with to assist advance and speed up the crypto Funds and DeFi trade,” says Founder and CEO Ronan Quarmby at Xion.

Hamzah Khan, Head of DeFi and Labs at Polygon, additionally states, “Xion International and Xion Finance’s DeFi suite and cost options will attain their full potential on Polygon — benefiting from strong safety, and low-latency, sub-cent transactions. We’re delighted to welcome the staff to Polygon and count on to see Xion proceed to thrive within the months forward.”

Additional discussions are presently being led by Polygon with main multi-chain bridging options to develop the variety of crypto cost strategies provided inside the Xion International checkout and exit liquidity for USDC stablecoin payouts to retailers on the Polygon PoS chain.

Moreover, with the latest $50M greenback funding from GEM for Xion Finance’s DeFi protocol. Xion Finance will maximize the advantage of zero-slippage multi-chain swap options using trade main DEXs and DeFi protocols (Multichain, Elk Finance, Quickswap, Pancakeswap, Uniswap, Sushiswap and Balancer) to develop the utility of XGT on the planet of DeFi with Polygon.

Distinctive capabilities added to the Xion ecosystem with Polygon will embody growing the utility of XGT and MATIC all through Xion International and Xion Finance by including MATIC as a major cost methodology amongst XGT.

Different utilities embody:

• Liquidity & Staking Pool for XGT/MATIC, permitting for joint token pairs.
• Development of Xion’s Loyalty Program the place holders and stakers can obtain recurring reductions off particular subscriptions inside the Xion crypto funds atmosphere.
• Cashback in MATIC & XGT for particular cost strategies.
• Creating Restricted Polygon x Xion NFT Astronauts to earn passive revenue from Xion crypto cost txs (e.g. extra revenue on MATIC & XGT funds)

In partnership with Elk Finance and help from Polygon, Xion will launch a decentralized crypto funds settlement layer on the Polygon PoS chain. Providing third celebration liquidity suppliers incentives to rebalance the USDC liquidity pool for service provider payouts. Extra info will likely be launched as that resolution turns into out there.

Integrations of Xion International’s crypto cost gateway and Xion Finance’s DeFi protocol for multi-chain staking/launchpad alternatives will likely be offered to pick out shoppers inside Polygon’s enterprise community.

Xion is presently migrating all of their subscription, XGT reward chests, cashback modules and different good contracts onto the Polygon PoS chain in preparation for consumer integrations and XGT utility enlargement.

About Xion International
Xion International is a multi-chain Web3 crypto funds gateway. Makin’ it simple to just accept and ship crypto funds, reward prospects with money again and construct loyalty. The primary of its type, Xion’s cost and rewards resolution affords countless cost alternatives for a variety of on-line companies.

Xion International Web site
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About Xion Finance 
Xion Finance is a DEX aggregator, staking and multi-chain launchpad protocol. Leveraging trade main multi-chain bridging options for zero slippage swaps, excessive yielding staking alternatives and seamless funding allocations into high tier metaverse and gaming IDOs.

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About Polygon
Polygon is the main blockchain improvement platform, providing scalable, reasonably priced, safe and sustainable blockchains for Web3. Its rising suite of merchandise affords builders quick access to main scaling options together with L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and knowledge availability. Polygon’s scaling options have seen widespread adoption with 19,000+ decentralized purposes hosted, 1.6B+ whole transactions processed, 142M+ distinctive person addresses, and $5B+ in belongings secured. Polygon is carbon impartial with the purpose of main the Web3 ecosystem in changing into carbon adverse.

In the event you’re an Ethereum Developer, you are already a Polygon developer! Leverage Polygon’s quick and safe txns in your dApp, get began right here.

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Media Contact:
Evie Phillips
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SOURCE Xion International