{"id":368493,"date":"2021-11-17T18:08:55","date_gmt":"2021-11-17T15:08:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/portal-partner-with-polygon-to-advance-defi-on-bitcoin\/"},"modified":"2021-11-17T18:08:55","modified_gmt":"2021-11-17T15:08:55","slug":"portal-partner-with-polygon-to-advance-defi-on-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/portal-partner-with-polygon-to-advance-defi-on-bitcoin\/","title":{"rendered":"# Portal partner with Polygon to advance DeFi on Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># Portal partner with Polygon to advance DeFi on Bitcoin <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYzg2MTJjNDgtYzQ5OS00NzA4LWJhMjEtMmIyYjU0ZjQyNzEyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market.<\/p>\n<p>Portal currently offers fully decentralized on-chain spot and options trading, as well as peer-to-peer lending and borrowing. This partnership is expected to expand these user capabilities through the enablement of zero-knowledge swap functionalities for wBTC\/BTC as well as POS\/WBTC to BTC, in addition to Polygon operating a\u00a0liquidity-supporting node on Portal DEX.<\/p>\n<p>Portal&#8217;s principle objective is to cultivate a self-governing, anonymous and uncensored ecosystem for Bitcoin on DeFi. The platform&#8217;s utilization of Bitcoin&#8217;s hash time-locked contracts grants users robust security in their transaction activities, while its layer-3 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, Fabric enables the deployment of typical smart contract functionalities such as staking and liquidity,\u00a0<\/p>\n<p>Executive chairman of Portal, Dr Chandra Duggirala, commented on the potential for enhanced usability of Bitcoin in the DeFi space.<\/p>\n<blockquote><p>\u201cGiven that Portal is a DeFi layer on Bitcoin, we are excited to partner with Polygon to enable WBTC\/BTC and POS-WBTC to BTC swaps. We believe that having liquid markets and enabling price discovery will <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriately price wrapped Bitcoin based on risk and enables increased usability for Bitcoin.\u201d<\/p><\/blockquote>\n<p><strong>Related: No more wrapped Bitcoin? This DeFi platform brings native BTC lending to Ethereum<\/strong><\/p>\n<p>In late September, Portal benefitted from an $8.5 million funding raise participated by a panoply of institutional powerhouses, including, but not limited to Coinbase Ventures, Arrington XRP Capital, OKEx, in addition to senior figures from Ethereum, Dfinity and Galaxy Digital, among others.<\/p>\n<p>Founder of Portal, George Burke shared a humours entry from the firms monthly Memathon, a light-hearted competition which invites community members to engage in the much-loved <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> sport of memeing. The winner of the October competition can be seen <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/portal-finance\/october-memeathon-winners-a3440ada46fb\">here<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Awesome submission to Portal&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/PortalMemeathon?src=hash&amp;ref_src=twsrc%5Etfw\">#PortalMemeathon<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WITxZaCQpZ\">https:\/\/t.co\/WITxZaCQpZ<\/a><\/p>\n<p>\u2014 George Burke (@geoburke) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/geoburke\/status\/1454131868937428993?ref_src=twsrc%5Etfw\">October 29, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/portal-partner-with-polygon-to-advance-defi-on-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Portal partner with Polygon to advance DeFi on Bitcoin &#8221; Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market. Portal currently offers fully decentralized on-chain spot and options trading, as well as&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYzg2MTJjNDgtYzQ5OS00NzA4LWJhMjEtMmIyYjU0ZjQyNzEyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74983,74868,95119,113408],"class_list":["post-368493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-decentralization","tag-defi","tag-layer2","tag-polygon"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368493"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368494"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}