Spin Revolutionizes Derivatives Trading with Polygon zkEVM Integration
The long wait is over. Spin, a prominent decentralized trading and investments platform, is set to bring its institutional-grade derivatives infrastructure to the Polygon zkEVM network. This strategic move allows Spin to harness the scalability, low fees, and Ethereum compatibility and security offered by Polygon’s zero-knowledge scaling solution, paving the way for enhanced trading experiences and expanded opportunities for both retail and institutional users.
Spin’s Success on NEAR Protocol
Since its inception, Spin has established itself as a leading order book DEX on the NEAR Protocol. In its first year, Spin launched three on-chain products for retail users:
These offerings have provided users with versatile trading options and automated investment strategies.
Building upon this success, Spin is now expanding its reach to the Polygon zkEVM network, unlocking new possibilities and catering to a wider audience of traders and investors.
Polygon zkEVM: A Game-Changing Solution
Polygon zkEVM, an open-source ZK-Rollup solution, has emerged as a revolutionary Layer 2 scaling solution for Ethereum. It offers complete EVM opcode compatibility, ensuring a seamless user experience for developers and users alike.
By utilizing zero-knowledge proofs, Polygon zkEVM significantly reduces transaction costs and enhances throughput while inheriting the robust security of the Ethereum network. With Polygon zkEVM, developers and users can leverage the same tools, smart contracts, and wallets they are familiar with, benefiting from increased scalability and reduced fees.
This compatibility makes Polygon zkEVM an ideal platform for Spin’s derivatives infrastructure.
Spin’s Institutional-Grade Trading Platform
By integrating with Polygon zkEVM, Spin aims to develop an institutional-grade trading and investments platform. This strategic move allows Spin to tap into the unique benefits of Polygon’s scalability, cost-efficiency, and Ethereum compatibility.
Leveraging the power of zero-knowledge proofs, Spin’s derivatives infrastructure on Polygon zkEVM will enable users to trade a diverse range of derivative products with enhanced speed, lower fees, and the ultimate security of the Ethereum network.
The platform will continue to prioritize security, while expanding its offerings to include new derivative products and supporting multiple blockchains, thereby broadening its user base and catering to the growing demands of both retail and institutional traders.
Long story short…
Spin’s integration with Polygon zkEVM marks a significant milestone in the evolution of decentralized derivatives trading.
By capitalizing on Polygon’s zero-knowledge scaling solution and Ethereum compatibility, Spin is poised to revolutionize the trading experience for both retail and institutional users.
The forthcoming institutional-grade trading and investments platform on Polygon zkEVM holds the promise of higher throughput, lower fees, and expanded opportunities for traders, further cementing Spin’s position as an industry leader in the decentralized finance ecosystem.
