Portal partners with Polygon to advance DeFi on Bitcoin By Cointelegraph

© Reuters.

Decentralized exchange, or DEX, and self-custody wallet platform Portal has announced a strategic partnership agreement with layer-two blockchain network Polygon to advance functionality in the decentralized finance, or DeFi, market.

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 liquidity-supporting node on Portal DEX.