Dot Finance (PINK) Announces Deployment on Kusama and Polkadot

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2022-01-04 16:45:06

The DeFi Dot Finance (PINK) project announced it will migrate from Binance Smart Chain to Kusama and Polkadot in 2022.

Dot Finance (PINK) Announces Deployment on Kusama and Polkadot

Dot Finance is a new DeFi platform designed to incentivize the growth of the Polkadot ecosystem. Dot Finance will help users earn money from various services, from lending, staking to trading through smart contracts.

Previously, the project temporarily deployed and issued tokens on Binance Smart Chain to wait for Polkadot to complete. As reported by CHK, on December 18, 2021, Polkadot officially deployed the first 5 parachains, marking the event that the blockchain went into operation. One of those 5 parachains is Moonbeam (GLMR), a smart contract support platform on Polkadot, which means that Dot Finance is now able to deploy its solution.

According to the announcement posted on the evening of January 4, Dot Finance announced that it will gradually move the project from Binance Smart Chain to Kusama and Polkadot in 2022.

Nir Rozin, founder of Dot Finance, said:

โ€œBringing yield-aggregation products to Moonbeam is an important goal in Dot Finance’s development. The combination of Dot Finance’s tools with Moonriver’s secure and solid foundation will help accelerate the adoption process for Polkadot, reducing barriers for new users.”

In the immediate future, Dot Finance will put its product on Moonriver – Moonbeam’s twin project on Kusama, also known as Polkadot’s experimental blockchain. After the testing is completed, Dot Finance will officially launch on Polkadot.

In the future, Dot Finance also plans to integrate with Sushi to maximize farming profits for users.

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