Papaya Dapp is live on 7 mainnets: Ecosystem expanding fast ⚡

Deployed on Ethereum, Polygon, BNB Chain, Artbitrum, Avalanche, Scroll, Base + 1inch, Chainlink and more coming in!

Papaya.finance
4 min readJul 3, 2024

If you haven’t heard of it yet, Papaya.finance is an innovative DeFi protocol designed to optimize cryptocurrency transactions. Developed under the expert guidance of Anton Bukov, co-founder of 1inch, Papaya’s unique smart contract sets a new standard in the blockchain ecosystem.

Imagine a world where SaaS can collect subscription payments seamlessly on-chain.Our innovative smart contract supports the streaming of tokens across multiple chains, making on-chain subscription services not only possible but also highly efficient.

Papaya Protocol is a game-changer not only for SaaS, but for any businesses that handle recurrent and bulk payments, as well as web3 native entities such as DAOs, launchpads, DeFi protocols, and on-chain analytics.

The infinity scalability feature, which optimizes and minimizes gas fees as never before, transforms how businesses handle recurrent and bulk payments, offering unparalleled convenience and performance.

We go multichain

Papaya.finance has successfully deployed its DeFi protocol across seven different blockchains: Ethereum, Polygon, BNB Chain, Arbitrum, Avalanche, Base, and Scroll. Each of these deployments brings unique advantages, enhancing the versatility and reach of our protocol.

Ethereum, renowned for its robust security and extensive developer ecosystem, provides a solid foundation for our operations. Polygon offers high-speed transactions and low gas fees, making it ideal for micro-payments and frequent transactions. BNB Chain, with its strong community support and lower costs, further broadens our accessibility.

Arbitrum, a leading layer-2 solution, ensures scalability and efficiency, while Avalanche’s rapid finality and eco-friendly consensus mechanism enhance transaction speed and sustainability. Base provides a streamlined and user-friendly environment for seamless integration, and Scroll, with its focus on privacy and scalability, ensures that our protocol remains secure and efficient.

Photo by Markus Spiske on Unsplash

Additionally, we’ve received grants from Polygon (Village) and BNB Chain (Kickstart Program), underscoring the confidence these platforms have in our technology and its potential to drive the DeFi space forward. By leveraging the distinct features of each blockchain, Papaya Protocol delivers a robust, scalable, and efficient solution for decentralized finance.

Backed by the best

We also are grateful for our enduring partnership with 1inch, one of our earliest and most steadfast supporters.

With strategic guidance from co-founders Anton and Sergej, whose insights have been invaluable, Continued support from their dedicated and talented team, always ready to assist, And the hopeful prospect of an upcoming community grant (fingers crossed), which will further fuel our initiatives,

We are united in our mission: to extend the DeFi vision beyond current boundaries and bring financial inclusion to every corner of the globe. Together, we strive to make decentralized finance accessible and beneficial for all.

Security comes first

Our dedicated team of developers at Papaya.finance is the backbone of our innovative protocol, tirelessly working to ensure its reliability and efficiency. We prioritize security above all, implementing stringent measures to protect our users and their assets.

Every aspect of our protocol undergoes rigorous scrutiny, and we have partnered with Stronghold, a reputable audit company, to conduct extensive stress tests. These tests have validated the robustness and security of our system, ensuring that Papaya Protocol is safe and trustworthy.

Our commitment to excellence and security reassures our users that they can rely on us for secure and seamless transactions.

Partners, Partners, Partners

Securing strategic partnerships is a challenging endeavor, but our skilled Business Development team excels in forging strong alliances. This is exemplified by our decision to integrate Chainlink as the Oracle for USDT and USDC price feeds. Chainlink stands as the undisputed leader in the industry, and we have established a long-term structured partnership that will integrate us deeply into the Chainlink ecosystem.

Furthermore, our dedication and hard work have garnered attention and trust from prominent figures like those at Permissionless Capital. They have chosen to collaborate with us, propelling us forward in this dynamic early phase. Permissionless Capital offers invaluable support across all facets of our business operations and plays a pivotal role in our fundraising endeavors. Together, we are poised to navigate and thrive in this fast-paced environment, driving innovation and growth in the decentralized finance sector.

Closing up

Papaya.finance has strategically positioned itself across seven diverse blockchains, including Ethereum, Polygon, BNB Chain, Arbitrum, Avalanche, Base, and Scroll. Each blockchain integration offers unique advantages, enhancing the flexibility and accessibility of our protocol.

Partnered with 1inch for strategic guidance and supported by Stronghold’s rigorous audits, we prioritize security, ensuring Papaya Protocol remains safe and reliable.

Our dedication to innovation and strategic partnerships, such as with Chainlink for Oracle integration and collaboration with Permissionless Capital, propels us towards our mission of expanding decentralized finance globally, fostering financial inclusion for all.

Stay in the loop and learn more about Papaya: 🕵🏻‍♂️

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Papaya.finance
Papaya.finance

Written by Papaya.finance

Onchain Subscriptions + Token Streams = Constant Revenue 🔵 https://papaya.finance

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