The developers of the second level solution of Ethereum Polygon will create a decentralized autonomous organization (DAO), in which they plan to attract about 100 million users.
According to the Polygon blog post, the developers of the Ethereum scaling solution are planning to create a DAO for the Decentralized Finance (DeFi) sector. Polygon’s goal is to attract about 100 million users to the DAO and invite community members to voice their opinions on the development of the DeFi industry.
As the developers note, the formation of the DAO is the “next logical step” towards collaboration between systems on blockchains, given the presence of projects like SushiSwap, Curve and Aave, already using Polygon as a scaling solution. A portion of the $ 100 million #DeFiforAll fund will be used to create the DAO.
Polygon recently acquired the Hermez Network scaling project for $ 250 million, and for the first time in the history of the cryptocurrency industry, the project tokens will be merged together. The acquisition, combined with the formation of the DAO, will further decentralization beyond the PoS model and help Polygon become the Internet Protocol.
“Through the DAO, we encourage all active community members and DeFi projects to come up with ideas to increase the popularity of DeFi and reach the next million users,” the developers say.
More and more DeFi projects are adding support for the Ethereum Layer 2 network Polygon. Over the past few weeks, Harvest Finance, Tidal Finance, dHEDGE, and Teller Finance have rolled out to Polygon.
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