• DHedge expands on Polygon and integrates with SushiSwap

  • The dHEDGE decentralized asset management protocol has launched its V2 deployment on Polygon. SushiSwap, a popular decentralized exchange, has also been integrated into the new platform.

    dHEDGE’s Henrik Andersson spoke exclusively to us about v2’s new Guarded Open Access Transactions (GOAT) framework, which allows v2 users to access whitelisted DeFi DApps whitelisted by the dHEDGE decentralized autonomous organization (DAO).

    Andersson emphasized that the GOAT framework will significantly accelerate dHEDGE’s ability to launch new integrations with third-party protocols, stating:

    “It’s like a general framework for us to add DApp support to. Rather than creating custom plugins or connections to DApps, we can use this framework to whitelist DApps.”

    dHEDGE’s first iteration, launched in late 2020, only allowed fund managers to speculate on assets provided by the Synthetix protocol. v2’s GOAT framework, on the other hand, allows fund managers to access the assets and services of any Ethereum Virtual Machine (EVM)-based protocol approved by the dHEDGE DAO, allowing asset managers to provide yield farming services to investors.

    SushiSwap’s Polygon-based decentralized exchange and yield farms will be supported by dHEDGE v2 at launch. For the time being, the dHEDGE DAO is looking into other popular DeFi protocols for potential support.

    Andersson stated that dHEDGE’s DAO is currently investigating integration with Aave, noting that the decentralized money market would allow asset managers to borrow a wide range of assets for shorting. He went on to say that dHEDGE intends to launch its v2 platform on additional EVM-compatible chains, naming Eth2, Optimism, and Arbitrum as possible candidates.

    Despite the increased functionality, Andersson describes gas fee reduction as the primary motivation for dHEDGE v2, citing the high fees associated with trading through the protocol on Ethereum’s layer one.

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