December 07, 2023 - 3 min read
Supra is thrilled to announce a partnership with Radix. Radix offers a comprehensive technology stack for DeFi that aims to make Web3 accessible and user-friendly for a broader audience. It employs Cerberus, a robust consensus algorithm, ensuring the security and reliability of DeFi transactions and data on the network.
In addition, Radix has introduced the Radix Engine, which is already operational on the Radix public network’s Olympia release. In Radix Engine v1, tokens can be created directly from the platform without the need for smart contracts. Radix Engine v2 builds upon this asset-oriented approach by enabling powerful smart contract logic written in Scrypto, Radix’s programming language.
Developers can leverage Scrypto and the Radix Engine for a user-friendly and efficient environment to develop DeFi applications. Supra will play a pivotal role in delivering precise and reliable data to the Radix network. This partnership unlocks a multitude of Web3 and DeFi use cases, including money markets, perpetual, stablecoins, prediction markets, etc. What makes this partnership truly exciting is Supra’s integration of its VRF with Radix.
This integration empowers a wide range of use cases that rely on randomness, spanning from Web3 gaming to metaverse experiences, NFTs, identity management, governance, and voting. Supra will also offer both its “push” and “pull” oracle services, providing access to 185 of the most popular crypto asset pairs.
Developers can now request specific pairs on demand, making data integration more flexible and tailored to the Radix ecosystem’s needs. This collaboration marks a significant milestone in the world of decentralized technology, as Supra brings its expertise to enhance data services for the Radix ecosystem.
Piers Ridyard, CEO of Radix, commented:
“Supra’s reputation for excellence in the oracle space and their dedication to decentralization make them the ideal partner for Radix. We are excited to work together to enhance data services for the Radix Network and unlock new possibilities for the blockchain ecosystem.”
Joshua D. Tobkin, CEO and Co-founder of Supra, commented:
“Collaborating with Radix is a significant step forward in our mission to empower the developer community with advanced oracle solutions. We are thrilled to bring our expertise to the Radix Network and contribute to the growth of Web3 and DeFi applications.”
Supra is dedicated to bridging the gap between traditional financial markets and the Web3 ecosystem. Our mission is to provide a powerful cross-chain oracle toolset to the developer community, enabling them to build, deploy, and manage data applications with improved performance, robustness, and agility. With a team of experts in various fields and a growing list of partners, Supra is committed to solving the oracle challenge and shaping the future of finance.
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Radix is the only full-stack, layer-1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities; and for developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.
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