July 25, 2023 - 2 min read
Supra is excited to announce a partnership with Sharp Labs, an innovative Web3 asset management platform. Sharp Labs brings liquidity to DeFi protocols, democratizing lucrative market-making hedge fund returns for individuals. Their mission is to improve DeFi liquidity and market participant access through smart contract-based delta-neutral vaults.
Powered by smart contracts, Sharp Labs’ Delta Neutral Vault enables users to pool funds for delta-neutral liquidity provision on established DeFi protocols. By capitalizing on high-frequency trading strategies, delta hedging, and impermanent loss minimization, Sharp Labs offers liquidity providers the opportunity to earn rewards and transaction fees while providing liquidity to DeFi exchanges.
The partnership aims to leverage oracle solutions to achieve better pricing accuracies for future vault strategies, enhancing the efficiency and performance of Sharp Labs’ liquidity provision ecosystem.
Supra will provide its advanced oracle solutions to Sharp Labs, delivering precise and reliable pricing data. By integrating Supra’s cross-chain oracle technology, Sharp Labs aims to optimize pricing accuracies, resulting in improved performance and increased user returns.
Joshua D. Tobkin, CEO and Co-founder of Supra, commented:
“They will leverage our expertise in cross-chain oracles to achieve better pricing accuracy and provide their users with access to top crypto market makers. This collaboration will further democratize returns and improve DeFi liquidity.“
Supra combines traditional financial markets with Web3. We offer the developer community a powerful cross-chain oracle solution. Our mission is to enable the integration of real-world data into public and private chains, creating faster, more agile, and more resilient data applications. With a team of experts in various fields, Supra aims to solve the oracle problem and shape the future of finance.
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Sharp Labs is an asset management platform providing liquidity to DeFi protocols. Sharp Labs is a company built by a team of Ph.D. researchers with backgrounds in hedge funds and high-frequency trading companies. With decades of combined research experience, they are at the forefront of advances in quantitative trading strategies.
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