A Look at Polygon's DeFi Ecosystem with Liquality Wallet

A Look at Polygon's DeFi Ecosystem with Liquality Wallet

The Liquality Wallet is integrated with the Polygon (MATIC) network, one of the most popular Layer 2 solutions built to scale Ethereum-compatible blockchains. Users can take advantage of its ever-growing dapp ecosystem, with over 117 protocols and $4.82 billion in total value locked (TVL).

Liquality is the best way to enter and exit from the Polygon ecosystem thanks to:

1) Cross-chain swaps into Polygon thanks to the Atomic Swaps feature

2) Swaps within Polygon with the 1inch integration inside the wallet

3) Liquality Boosts with the ability to go from any native chain token to any Polygon token in one click by combining cross-chain swaps and 1inch swaps.

We will also add Connext and Hop integrations soon to make it even easier for people to move in and out of Polygon.

Likewise, it’s no secret that Polygon aims to be a top contender in the DeFi space. Its ecosystem includes everything from yield farming to decentralized autonomous organizations (DAOs). Let’s take a look at some of the top dapps on the chain.

Decentralized Exchanges (DEXs)

QuickSwap (QUICK)

QuickSwap is a simple-to-use decentralized platform for exchanging tokens that is exclusive to the Polygon network. As of now, it is the most used DEX and second most used dapp in the ecosystem with $886.31 million in TVL.


This influential exchange is third among the Polygon ecosystem dapps with a TVL of over $404.2 million specific to this network out of its $21.15 billion in total TVL. Curve stands out for its focus on providing extremely efficient trading for stablecoins and low risk fee income for liquidity providers.

SushiSwap (SUSHI)

Another high TVL dapp with $234.34 million is SushiSwap, an Ethereum-based automated market maker (AMM) with multi-chain capabilities. It allows users to swap, stake, lend, and borrow assets while earning through incentives such as yield farming.

Balancer (BAL)

Balancer is a versatile platform created for investors, traders, and builders alike. Users can automate their portfolio management needs and generate automatic yields with the option to earn through the native BAL token. It sits at just over $3.21 billion in TVL across chains, $270.14 million of which is on the Polygon chain and growing.

Lending Platforms


Currently holding the top TVL position in the Polygon network, AAVE is a popular open-source, non-custodial DeFi lending protocol that lets you earn interest on deposits and borrowed assets. Only tokens locked in contracts count towards the TVL and can be used as collateral for borrowing or earning yields. Of its $22.60 billion in TVL across Ethereum, Polygon, and Avalanche, $1.23 billion is locked in Polygon.

Ramp (RAMP)

Ramp helps “asset owners achieve capital efficiency” by enabling deposits into auto-compounding vaults with up to 400% APY. Users can then borrow or buy the native rUSD stablecoin, purchase any token on QuickSwap using rUSD, and send it cross-chain between Binance Smart Chain and Polygon to gain exposure to new tokens.

Yield Farming

Adamant Finance (ADDY)

Adamant is a yield optimizer vault that enables users to vest, stake, or lock ADDY to earn on fees, compound on tokens and maximize yield farming opportunities. The platform is predominantly on Polygon with almost $7.32 million in TVL.

Harvest Finance (FARM)

Another up-and-coming yield optimizer protocol is FARM. It enables auto-harvesting yields and has recently added compatibility with the Polygon chain. With only about 1% of its $8.25 million TVL on the network so far, it’s a prospective yield instrument to keep an eye on.

Decentralized Autonomous Organizations (DAO)


KlimaDAO is an environmentally-conscious protocol designed to accelerate the price of carbon assets to drive positive ecological change. Using a bonding mechanism, holders can stake and earn compounding interest on KLIMA tokens. The tokens represent carbon credits earned by companies that provably demonstrate efforts to reduce carbon emissions. KLIMA is exclusively on the Polygon chain and currently has $75.79 million in TVL.

Using Polygon with the Liquality Wallet

This is just a small glimpse of Polygon’s growing dapp ecosystem. To participate in these opportunities with the Liquality Wallet, the process is simple: download the browser extension, set Liquality as your default Web3 wallet, choose Polygon as your Web3 network, and you are ready to go. For a full guide check out the How to Use the Liquality Wallet: Basic Features 101 Guide.

Control your assets and manage your transactions across multiple blockchains from a single place. Download the Liquality wallet and explore Polygon, as well as other chains like Ethereum, Terra, Near Protocol, Binance Smart Chain, Arbitrum and Rootstock in a secure, one-stop shop.

Stay tuned for even more integrations of ecosystems and swap providers to the wallet this year!