Nexo finance has announced that it has listed Polygon. Going forward, investors will be able to earn about 20 percent in APR on their MATICs, which is part of Nexo’s campaign.
Polygon will now offer all its investors and holders better returns on their DeFi. Nexo now has over 150 markets, allowing users to swap, borrow and buy against the MATIC.
The 20 percent interest will be distributed daily. This has seen activity on the Polygon framework, driven by multi-chain network, rise in the past few days. The Nexo and Polygon team are engaged in talks on various initiatives.
Polygon stated it would help grow Nexo’s offering vi NFT so that its DeFi framework can have the chance to give users metaverse products.
Any user who purchases a MATIC on the platform will have the chance grow their coins by 20 percent until the promotion ends on the 3rd of January, 2022.
Polygon is currently also engaging with enterprise projects seeking sovereignty to own their framework as they no longer want to operate under Ethereum’s security.
Analyst have looked at MATIC’s trend and are forecasting there might be a reversal. MATIC’s price might breach psychological resistance in the next few days.