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dHEDGE reaches the second stage of Polygon deployment | Invezz

source-logo  invezz.com 02 August 2021 06:46, UTC

dHEDGE, a popular decentralized asset management protocol, just launched the V2 deployment of Polygon (MATIC/USD). Not only that, but the new platform also comes with a new feature — an integration with one of the biggest DEXes out there, SushiSwap (SUSHI/USD).

⋮⋮ Announcing dHEDGE V2 ⋮⋮

Live now on @0xPolygon with @SushiSwap 🎉🍣

Since Q4 2020, dHEDGE V1 supported a community of DeFi investors and pool managers

To address surge in gas fees, the team was set to work on a solutions with dHEDGE V2https://t.co/9gQ7lf6i3q

1/4

— dHEDGE (@dHedgeOrg) August 2, 2021

The v2 features an advanced GOAT framework, short for Guarded Open Access Transaction framework. According to the project’s Henrik Andersson, the framework allows v2 users to access any and all approved DeFi dApps that the dHEDGE DAO may have whitelisted.

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Another advantage of the new framework is that it will be able to significantly improve the speed with which the protocol can roll out new integrations with other protocols. Essentially, as Andersson described it, this will function like a general framework used for adding dApp support. In other words, there is no longer the need to create specific plugins and connections to each individual dApp from scratch. Instead, the project can simply use the framework to whitelist dApps, and the results would be just as good.

Benefits of the GOAT framework

dHEDGE is a young project, that launched only last year. Initially, its first version only allowed fund managers to speculate on assets that the Synthetix protocol had provided. However, v2’s GOAT framework allows for more, as fund managers can now also access any protocol based on the EVM (Ethereum Virtual Machine). Of course, as long as dHEDGE DAO whitelists it first. That way, asset managers can even provide yield farming to investors, opening some brand new opportunities.

Following its launch, v2 will also enable support for the SushiSwap DEX, as mentioned. This is only the beginning, however, as dHEDGE DAO is already looking into other popular protocols within the DeFi sector that they might support. Andersson hinted that the most interesting option right now is Aave. He did not confirm the integration as of yet, but he did reveal that the dHEDGE DAO is looking into the protocol.

He added that decentralized money market would allow asset managers to borrow multiple assets and make them available for shorting. However, the primary motivation behind the v2 still remains the gas fee mitigation, due to the high fees associated with trading on Ethereum’s L1.

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