Hassan Maishera
The Polygon team announced via Twitter on Friday that Mantis Swap has made its Beta launch available on the Polygon mainnet. Thanks to this latest development, users can now access single-sided liquidity provision (SSLP) for easy stablecoin deposits with principal protection to minimize losses due to a de-pegging or exploit. MantisSwap will allow seamless trades of different stablecoins and pegged assets while offering lower slippage, cheaper gas and safer trades, the team added.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is down by 1% in the last 24 hours and is currently trading at $1.0802.
