DHedge scales up on Polygon, integrates with SushiSwap

dHEDGE’s “v2” Polygon readying boasts a SushiSwap integration facultative asset managers to access Sushi’s DEX and yield farming practicality.

Decentralized asset management protocol, dHEDGE, has introduced its V2 readying on Polygon. The new platform conjointly boasts an integration with famous decentralized exchange, SushiSwap.

Speaking solely to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Access Transactions (GOAT) framework — that allows v2 users to access whitelisted DeFi DApps whitelisted by the dHEDGE decentralized autonomous organization (DAO).

Andersson stressed that the GOAT framework can considerably increase the speed with that dHEDGE is in a position to launch new integrations with third-party protocols, stating:

“It’s sort of a general framework for us to feature support for DApps. Rather than having to make specific plugins or connections to DApps, we will use this framework to whitelist DApps.”

Launched in late 2020, dHEDGE’s initial iteration solely allowed fund managers to invest on assets provided by the Synthetix protocol. Against this, v2’s GOAT framework permits fund managers to access the assets and services of any Ethereum Virtual Machine (EVM)-based protocol approved by the dHEDGE DAO, facultative asset managers to supply yield farming services for investors.

At launch, dHEDGE v2 can modify support for SushiSwap’s Polygon-based decentralized exchange and yield farms. The dHEDGE DAO is presently exploring differences in other DeFi protocols for potential support.

Andersson noted dHEDGE’s DAO is presently looking into group action with Aave, noting the decentralized securities industry would enable asset managers to borrow a good kind of assets for shorting. He said that dHEDGE plans to launch its v2 platform on extra EVM-compatible chains, noting Eth2, Optimism, and Arbitrum as doubtless contenders.

Despite the expanded practicality, Andersson describes gas fee mitigation as the primary motivation behind dHEDGE v2, noting the steep fees related to mercantilism through the protocol on Ethereum’s layer-one.