Polygon Welcomes Over 1 Million New DeFi Users from Meshswap

Polygon Labs

April 6, 2022

Meshswap, an automated market maker (AMM) based decentralized exchange (DEX) protocol — is going live on Polygon later this month. Meshswap will bring more than 1 million users to the Polygon network, in addition to a supply of liquidity, and an initial airdrop of 1,500,000 MESH to Polygon’s MATIC and vKSP holders.

Meshswap provides users with various yield-generating opportunities, including swapping, lending, yield farming, and staking, supplying liquidity to the DEX.

Users can earn various types of rewards including transaction fees and $MESH, in return for supplying assets to the Meshswap liquidity pool. $MESH is also the governance token of the protocol distributed as rewards earned through different revenue-generating opportunities. It will be distributed in the form of a fair launch in which all market participants can only acquire through the liquidity supply in the Meshswap protocol, without any private sale or presale.

Meshswap is a renewed version of its predecessor KLAYswap, an existing AMM and part of the DeFi ecosystem created by Ozys.

Polygon’s global blockchain ecosystem is strategically positioned to leverage Ozys and Meshswap to form the liquidity hub of the autonomous DeFi market.

Take a deep dive into Meshswap’s detailed documentation and check our blog for the latest on the Polygon ecosystem!