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.
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.