One of the biggest advantages of the Polygon network is its rich DeFi ecosystem. With your Polygon network wallet connected to the right apps, you can swap tokens, provide liquidity, earn yield and borrow assets — all at a fraction of the cost of doing the same on Ethereum mainnet.
Swapping Tokens on Polygon
Decentralised exchanges (DEXs) on Polygon let you swap any ERC-20 token for another directly from your wallet without using a centralised exchange. Popular Polygon DEXs include QuickSwap, SushiSwap and Uniswap V3. Simply connect your wallet, select the tokens you want to swap and approve the transaction. Gas fees typically cost less than a cent.
Providing Liquidity and Earning Yield
Liquidity providers on Polygon DEXs earn a share of trading fees by depositing pairs of tokens into liquidity pools. Some protocols also offer additional yield farming rewards paid in MATIC or the protocol's own token. Yield opportunities on Polygon are accessible with much smaller amounts of capital than on Ethereum, making DeFi viable for everyday users.
Lending and Borrowing on Polygon
Lending protocols like Aave operate natively on Polygon, allowing you to deposit assets to earn interest or borrow against your holdings. Because Polygon fees are so low, you can manage your positions actively without worrying about expensive gas costs eating into your returns.
NFTs on Polygon
The Polygon network is a leading platform for NFT minting and trading. Many NFT marketplaces and gaming projects choose Polygon because it allows creators to mint and users to trade at minimal cost. Your Polygon wallet automatically supports any ERC-721 or ERC-1155 NFT on the network.
With over 20,000 DApps accessible on Polygon, your wallet is a key to one of the most active Web3 ecosystems in existence.
Bridging Assets from Ethereum to Polygon
If you hold assets on the Ethereum mainnet and want to use them on Polygon DeFi, you can bridge them using the official Polygon PoS Bridge. Connect your Polygon network wallet to the bridge, select the token and amount, confirm the transaction on Ethereum, and your tokens will appear on Polygon within a few minutes.
