STP Network to Launch STP 2.0 on Polkadot

[crypto1010]

STP Network has announced that its new iteration of its protocol will feature the synthetic tokenization of assets on Polkadot. It will also give users access to multi-chain assets and new financial products on different blockchains, without expensive bridge fees or heavy overcollateralization.

The launch of STP 2.0 is planned for the end of Q1 2021 and the new Standard Tokenization Protocol is expected to be fully functional by Q3 2021.

• Key features of STP 2.0:
• Cross-chain tokenization
• Multi-chain index
• Built on the Polkadot infrastructure

STP 2.0's new cross-chain tokenization will facilitate the issuance and trading of ST-Assets between major blockchain platforms, providing users with more opportunities in decentralized finance including a wider range of products and increased liquidity.

The new Standard Tokenization Protocol will also allow users to issue and access multi-chain indices that track the performance of a group of assets across multiple blockchain platforms. Users will be able to leverage this index and employ a range of tools to interact with other decentralized protocols, such as automated market makers (AMMs) and lending protocols.

STP 2.0 will be entirely built upon the existing Polkadot platform and will take advantage of its cross-chain capabilities and parachain infrastructure. The goal of this is to allow for increasingly faster and cheaper transactions in the crowded Ethereum ecosystem.

Source

Investors tend to look at Polkadot as the next Ethereum where projects build their network, is it a good direction to go with the Polkadot ecosystem?

[JHORN]

With the way things are going with Polkadot I think many more projects and developers will prefer to use Polkadot network in near future, if this happens well Polkadot can really gets on Ethereum tail, I've been neglecting every smart contract projects that aim to defeat Ethereum all along but not this Polkadot

[BlinkInDie]

STP Network has announced that its new iteration of its protocol will feature the synthetic tokenization of assets on Polkadot. It will also give users access to multi-chain assets and new financial products on different blockchains, without expensive bridge fees or heavy overcollateralization.

The launch of STP 2.0 is planned for the end of Q1 2021 and the new Standard Tokenization Protocol is expected to be fully functional by Q3 2021.

• Key features of STP 2.0:
• Cross-chain tokenization
• Multi-chain index
• Built on the Polkadot infrastructure

STP 2.0's new cross-chain tokenization will facilitate the issuance and trading of ST-Assets between major blockchain platforms, providing users with more opportunities in decentralized finance including a wider range of products and increased liquidity.

The new Standard Tokenization Protocol will also allow users to issue and access multi-chain indices that track the performance of a group of assets across multiple blockchain platforms. Users will be able to leverage this index and employ a range of tools to interact with other decentralized protocols, such as automated market makers (AMMs) and lending protocols.

STP 2.0 will be entirely built upon the existing Polkadot platform and will take advantage of its cross-chain capabilities and parachain infrastructure. The goal of this is to allow for increasingly faster and cheaper transactions in the crowded Ethereum ecosystem.

Source

Investors tend to look at Polkadot as the next Ethereum where projects build their network, is it a good direction to go with the Polkadot ecosystem?

It’s a very good decision to go in the Polkadot direction. Allowing users to trade between major blockchain platforms is something that only DOT can provide.

[HodlerKing101]

With the way things are going with Polkadot, I think many more projects and developers will prefer to use the Polkadot network in near future, if this happens well Polkadot can really get on Ethereum's tail, I've been neglecting every smart contract projects that aim to defeat Ethereum all along but not Polkadot

[heztida3]

the status quo going with Polkadot I figure a lot more undertakings and engineers will like to utilize Polkadot network in not so distant future, if this happens well Polkadot can truly gets on Ethereum tail, I've been ignoring each savvy contract extends that intend to crush Ethereum from the start yet not this Polkadot.

[bitcon]

I like the way Polkadot is progressing. It can be seen that the project is not just another and mediocre one. The development is very active. The team not only collects money from users, but shows positive dynamics. News about the development of Polkadot attracts more and more new investors, which means the team's goals will be achieved. 
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