Polygon Partners With Orbs To Improve Smart-Contract

Polygon explores collaboration with Orbs and DeFi.org. (Coinbase)

JAKARTA – Polygon is reportedly collaborating with Orbs to launch decentralized financial support or DeFi through the DeFi.org platform. Both parties view that the collaboration has the potential to encourage the inclusion of funding and mentoring in a number of selected projects.

For this collaboration, Orbs claims to be able to provide benefits such as increasing smart-contracts through its infrastructure. The partnership will focus on developing projects that combine Polygon's layer-2 solution with Orbs' layer-3 infrastructure, reported Cointelegraph.

Apart from the above-mentioned benefits, the program will also deliver promising projects with “liquidity injection” and features across multiple platforms during launch, including the DeFi.org website.

For information, DeFi.org launched by Binance and Orbs in 2021 is aimed at supporting research and development of open source projects in the DeFi industry, marking the transition of the Orbs project to decentralized finance.

On the other hand, the collapse of TerraUSD (UST) and Terra (LUNA) in the crypto market. Polygon announced that they are ready to welcome the developer and community of Terra-based projects. The CEO of Polygon Studios, Ryan Wyatt, said they had been working to help the projects transfer to the Polygon Network.

In the midst of the collapse of the crypto market, the price of Polygon (MATIC) was also dragged by the flow. As of writing, Coingecko reports MATIC is trading at Rp9,380. In the last 24 hours MATIC has decreased by 9.7 percent. While in the last hour MATIC rose 3.5 percent.