New application merges DeFi 2.0 protocols with yield optimization on Polygon
Decentralized finance (DeFi) first took the world by storm in 2020. Now, two years later, the world has grown to know several successful DeFi projects. Despite these successes, like any new field, several problems have also arisen.
Consider Bitcoin (BTC), which introduced the world to cryptocurrencies and blockchain but could only be used for payments, and its successor, Ethereum (ETH), which opened the world up to additional technology use cases. Similarly, as DeFi 1.0 brought about earning opportunities and liquidity concerns with users switching between platforms to pursue better rewards, 2.0 protocols are looking to build stable value with more advanced concepts.
Helping to usher in this era is LeoFinance, a team that has been building and managing applications over the past three years. Their collection includes social apps like LeoFinance and LeoMobile (for iOS and Android), both of which exist as the backbone for the team's larger goals.
With the successful build of applications on Binance Smart Chain (BSC), among other platforms under the team's belt, LeoFinance spent seven months researching the next wave of solutions, DeFi 2.0, taking note of the decentralized autonomous application (DAO) revolution and platforms like Olympus (OHM). They intended to take their findings, "the key ingredients of success," and apply them to their platform objectives, which, in the words of one of their team members, is to "build a sustainable DeFi 2.0 Yield Application on the Polygon blockchain for our community of diamond paws.”
“Our ultimate ambition with the LeoFinance Web3 Ecosystem is to expand the width and depth of our community. Width means getting new users, and depth means achieving more and more levels of opportunity to
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