Decentralized finance liquidity hub Kyber Network is prepare to become the next DeFi protocol to enter the expanding Polygon ecosystem.

In a statement issued on Midweek, Kyber appear the launch of Rainmaker, a liquidity mining program on the platform's Dynamic Marketplace Maker protocol that volition commence on June 30 to mark Kyber'south expansion to Polygon.

According to the proclamation, the Rainmaker programme will distribute $30 million in rewards to liquidity providers on the Kyber DMM across both Polygon and Ethereum.

Of the full reward puddle, 12.six meg Kyber Network Crystal (KNC) — well-nigh $25 million — volition be distributed to liquidity providers (LPs) on selected Ethereum-based amplified pools. The remaining 2.52 million KNC — about $5 meg — will exist for LPs on Polygon-based amplified pools.

These rewards be will in the form of KNC and of Polygon's MATIC tokens, which tin also be staked to provide liquidity on KNC and MATIC pools to compound reward earnings. Rainmaker advantage earners who receive KNC tin can also stake some on the KyberDAO to participate in governance activities thereby earning additional voting rewards.

Co-ordinate to the declaration, the Polygon phase of the Rainmaker liquidity mining program will run for two months, while that for Ethereum volition accept identify over three months — starting June 30 for both.

Apart from the $5 million worth of KNC, Kyber is also contributing $500,000 in MATIC "coins" for the Rainmaker liquidity mining plan.

For Kyber, Rainmaker volition help to farther aggrandize Polygon'south growing liquidity. Indeed, DeFi projects go along to establish a presence on Polygon amidst a broader button for multichain strategies and greater overall scalability.

Detailing the importance of the Kyber DMM and Polygon partnership, Kyber Network CEO Loi Luu told Cointelegraph: "Kyber'due south vision is to deliver a sustainable liquidity infrastructure for DeFi, and this also extends to fast-growing ecosystems such as Polygon," adding:

"This Polygon partnership and the $30M Rainmaker liquidity mining plan will help showcase the powerful benefits of the Kyber DMM protocol and is an important step towards greatly boosting liquidity for DeFi, as well equally growing the number of users, developers, and Dapps in the Kyber and Polygon ecosystems."

Related: DeFi projects launch on Polygon, usage skyrockets

Polygon usage continues to skyrocket triggering significant integration efforts past DeFi primitives. Back in May, 0x — a liquidity bridge for decentralized exchanges (DEXs) — announced an API tool for Ethereum-based DEXs like SushiSwap, mStable and Dfyn to interact with the Polygon ecosystem.

Ren — a cross-concatenation liquidity protocol — has also created a bridge to allow porting of Ren-based wrapped tokens to the Polygon network.