Derived Finance partners with SupraOracles

Derived and SupraOracles Partnership Announcement

Derive Finance is excited to partner with SupraOracles, who are building a fast, secure and cross chain compatible Oracle and price feeds. SupraOracles is the flagship project by the Entropy Foundation. Derived Finance and SupraOracles’ will be working together to explore the use of the SupraOracles services for accurate price feed data on cryptocurrencies, stocks, commodities, forex, and other complex derivatives. The services may also include customizable data feeds with advanced mathematical calculations. Both the teams are committed to work together to help build a Synthetics trading platform with the use of reliable and cutting-edge technologies that consistently optimizes the performance of Derived’s current and future products.

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “SupraOracles and Derived Finance share the same vision: that we can build a future where DeFi is interoperable with TradFi. Derived Finance has an amazing team and they are working on an incredible mission to bring financial derivatives into the DeFi world. We are proud to be supporting this mission with our fast and secure price feed data. Our team hopes to maintain a positive long-term partnership with Derived, with more partnership opportunities on the horizon.”

Bharat V., Co-founder of Derived Finance, commented: “We are excited to partner with SupraOracles, who are building decentralised, super secure, cross chain and interoperable Oracle. This will enable derive finance on chain and off chain data feeds on multiple blockchains and support our mission of creating a cross chain DeFi Synthetics platform.”

About Derived Finance

Derived is a Decentralized Multi-Chain Asset Protocol giving users the access to trade Stocks, Commodities, Forex, or Crypto on a single platform. Derived offers several unique features such as leveraged minting, hybrid tokens, and binary options.

Join Derived’s community: Website | Twitter | Telegram | Github

About SupraOracles

SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.

Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.

Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.

Join SupraOracles’ community: Website | Twitter | Telegram | LinkedIn | Announcements | Medium

--

--

--

The future of synthetics

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Amy Finance: Your Layer2 Yield Pool

Top Decentralized Finance Projects and Investors Gather Online for Global DeFi Summit August 6

Top Decentralized Finance Projects and Investors Gather Online for Global DeFi Summit August 6

Why the MorLabs ICO Roadshow in Asia is One to Watch

ShapeShift Integrates Cosmos Functionality for Native Wallet Users

ZkTube Protocol: A Leading Ethereum Layer2 Scaling Solution That Perfectly Meets User DeFi Needs

Cardano (ADA)

Unveiling the blockchain use cases in supply chain with Darina from Evertrace

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Derived

Derived

The future of synthetics

More from Medium

Socrates on Democracy in Plato’s Republic

河里人AMA08预告 | NFT社区白名单的内卷

Axelar Network review

Biweekly Report [1H March 2022]