Polytrade Staking is Coming on Kucoin

Polytrade is a decentralized finance (DeFi) lending protocol with a strong foundation in real-world business, having been established in 2014. The platform is designed to address a critical need in global commerce: providing working capital to Small and Medium-sized Enterprises (SMEs) in developing economies.

This guide provides an overview of the Polytrade protocol and looks back at a key community event: its high-yield staking program on the KuCoin exchange, which led up to its Mainnet launch.

About Polytrade: Bridging DeFi and Real-World Trade Finance

Polytrade’s core mission is to harness the massive liquidity of the crypto world to solve real-world financing challenges.

• Primary Use Case: The protocol focuses on invoice financing. It allows SMEs to tokenize their real-world invoices and use them as collateral to secure short-term loans, helping them fulfill large orders for global enterprises like IKEA, Walmart, and Nike.
  
  
• Technology: The platform is built on the Polygon blockchain, ensuring low transaction costs and high scalability.
  
  
• Real-World Assets (RWA): By bringing tangible, off-chain assets like invoices onto the blockchain, Polytrade is a key player in the RWA sector, creating a stable, non-crypto-correlated source of yield.
  
  
• Future Vision: The project is also developing a Metaverse product to create a foundational layer for enterprise-to-enterprise (B2B) transactions in the emerging digital economy.

A Look Back: The KuCoin Staking Program and Mainnet Launch (January 2022)

In a significant move for its community, Polytrade launched a special staking program on the major centralized exchange, KuCoin, on January 28, 2022.

• Staking Offer: The program allowed holders of the $TRADE token to stake their assets directly on KuCoin and earn a highly competitive 40% Annual Percentage Rate (APR).
• Mainnet Launch: This staking event was strategically timed to build momentum for the protocol’s full Mainnet launch, which went live on January 31, 2022. This marked the official transition of Polytrade from a testnet environment to a fully operational, live protocol on the Polygon network.

This combination of a high-yield staking opportunity and a successful mainnet launch represented a major milestone in Polytrade’s mission to reshape the future of trade finance.