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Supra’s Oracle price feeds go live on Plume Network

August 29, 2024 - 2 min read

Supra delivers high-speed and accurate price feeds for Plume Network’s dApps

Supra is pleased to announce the integration of its Oracle price feeds with the Plume Network, enhancing data accuracy and efficiency. This integration will provide comprehensive commodity, forex, crypto and equity price feeds, delivering crucial market information to developers and users. The Oracle integration offers precise, real-time updates, meeting the demand for reliable financial data.

Supra Elevates Smart Contract Functionality

Supra’s Distributed Oracle Agreement (DORA) enhances blockchain functionality by enabling cross-chain interoperability and integrating off-chain data into smart contracts. Addressing challenges in Oracle networks, DORA ensures precise and reliable data integration, focusing on data integrity and fault tolerance, crucial for DeFi applications.

DORA protects smart contracts against Byzantine faults and collusion, delivering high-quality price feeds through a distributed, low-latency framework. It supports flexible data models tailored to developers’ needs. The integration of DORA with Supra’s Moonshot consensus mechanism and distributed Verifiable Random Function (dVRF) enhances security and efficiency, ensuring stability even in volatile markets.

Additionally, Supra’s development of HyperNova, a bridgeless cross-chain consensus mechanism, expands DORA’s capabilities. As blockchain technology progresses, DORA will play a vital role in linking digital and analog data, supporting the growth of decentralized platforms with accurate and secure blockchain applications.

Plume Integrates DORA Price Feeds

Plume is a modular Layer 2 blockchain focused on real world assets (RWAs). It integrates asset tokenization and compliance providers directly into the chain, simplifying the deployment of RWA projects on-chain. 

Plume enhances liquidity for tokenized RWAs through DeFi applications and provides high-quality buyers. The platform offers a comprehensive end-to-end technology stack, streamlining the onboarding process for asset issuers and providing a secure environment for investors. 

In addition, Plume enhances smart contract performance and security by integrating Supra’s DORA Oracle price feeds. This integration reduces blockchain interactions and provides real-time, accurate data exchange, essential for real world asset (RWA) tokens. Supra offers commodities, equities, forex, and crypto price feeds, ensuring users have access to reliable market information.

Innovate and Build the Future with Supra

Supra leads in developing scalable, secure Web3 services with quick transaction finality, offering a comprehensive developer toolkit that includes guides and technical whitepapers. This improves app performance and simplifies integration. 

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