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Divya Mathur
Aug 2, 2021
by Divya Mathur

dHedge Launches V2 on Polygon Network with SushiSwap Integration

dHedge V2 on Polygon SushiSwap
dHedge, a decentralized asset management protocol, has rolled out its V2 deployment on the Polygon network. The latest product comes with a SushiSwap integration and boasts access to new assets, lower gas costs, and a better experience for users.

dHedge Unveils V2 Deployment on Polygon

The latest iteration of dHedge introduces the Guarded Open Access Transactions (GOAT) framework, which allows users to access DApps approved by its decentralized autonomous organization (DAO). The framework will also boost the speed with which dHedge performs new integrations with third-party protocols.

Henrik Anderrson, the co-founder of dHedge, said that the new framework combines the utility of several tools.

“It's like a general framework for us to add support for DApps. Instead of having to build specific plugins or connections to DApps, we can use this framework to whitelist DApps,” he noted.

The first version of dHedge restricted fund managers to assets provided by the Synthetix protocol. However, the newest version removes this limitation and enables fund managers to offer services like staking, yield farming, leveraging, and short selling to investors.

In a statement issued today, the company indicated that going forward it would add more EVM (Ethereum Virtual Machine) compatible protocols to the platform. 

dHedge May Provide AAVE Integration in Future

While discussing the new deployment with a media outlet, Anderrson revealed that dHedge might feature an AAVE integration in the future. He stated that the open-source non-custodial DeFi protocol would make it possible for asset managers to borrow a variety of assets for shorting. He also suggested that dHedge is targeting Optimism, Eth2, and Arbitrum for future launches of V2.

Launched in October 2020, dHedge touts itself as a one-stop location for managing investments on the Ethereum blockchain. It aims to democratize access to top-investing strategies, and due to this it currently requires no minimum asset size from anyone who wants to participate as an investment manager on the platform. dHedge is backed by some of the leading names in the crypto industry such as blockchain VC firm Framework Ventures, California-based Divergence Ventures, and Singapore-based Three Arrows Capital.

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dHedge SushiSwap Polygon Network Ethereum Virtual machine (EVM)
dHedge Launches V2 on Polygon Network with SushiSwap Integration
Divya Mathur
Divya is a postgraduate from Jawaharlal Nehru University specializing in International Relations and a professional writer with more than 5 years of experience writing for the web. She is an avid reader interested in the global financial system and the effects of decentralization. At Cryptoknowmics, she hopes to deliver clear and understandable content to inform readers about the latest events in the crypto sector.

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