Wintermute, a leading digital asset market maker, today announced it has launched a $ 20 million fund to kickstart dApp development on Polygon. In a press release shared with CryptoSlate, the company said the fund is part of Wintermute’s newly established strategic partnership with Polygon.
Wintermute to pour millions into Polygon, starting with Router Protocol
One of the most promising Ethereum scaling platforms on the market has just received a huge development boost thanks to a new fund launched by Wintermute. The global trading company has launched a $ 20 million fund that aims to support innovative projects using Polygon’s blockchain network.
The company has already invested in a number of active projects on Polygon and plans to provide support for new projects through co-development, integration with other protocols and provision of liquidity. Wintermute CEO Evgeny Gaevoy told CryptoSlate the company is already in conversation with several Polygon projects.
“This program is well aligned with our dedicated efforts to integrate with the most promising protocols on Polygon.”
The first project to receive funding from Wintermute is Router Protocol, a native Polygon cross-chain communication protocol. Router is building a basic infrastructure that allows EVM and non-EVM chains to communicate with each other, an initiative to improve capital efficiency.
Ramani Ramachandran, CEO of Router Protocol, said Router was the first protocol to take advantage of Polygon and offer instant gas-free exchange. When the mainnet is launched, the router will be able to unlock capital flows across multiple blockchains and open up a whole new range of multi-chain dApps.
“We are delighted to have Polygon and Wintermute as investors in the current Router cycle as we build a critical cross-chain communication infrastructure, which starts first between Polygon and Ethereum before expanding to d ‘other channels. “
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