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SupraOracles launches oracle service on the Sui Network Mainnet

July 04, 2023 - 3 min read

SupraOracles is delighted to announce the official launch of its oracle services on the Sui Network. This milestone marks a significant step forward in enabling secure and reliable data integration between off-chain and on-chain environments, empowering developers to build innovative and trustless decentralized applications within the Sui ecosystem.

SupraOracles provides secure and decentralized oracle services, connecting the real world to blockchain networks. With the integration of SupraOracles on the Sui Network, developers can now seamlessly fetch, validate, and integrate off-chain data into their smart contracts, opening up a world of possibilities for DeFi and various other dApp use cases.

The Sui Network’s focus on scalability and interoperability makes it an ideal fit for SupraOracles’ oracle services. With its robust infrastructure supporting high transaction throughput, Sui provides developers with a secure and reliable platform to confidently utilize SupraOracles’ oracle services.

Why Sui Network?

Sui is a decentralized Layer 1 blockchain redefining asset ownership. It prioritizes security, instilling confidence in asset protection and transaction reliability. Additionally, Sui Network’s Delegated Proof-of-Stake consensus mechanism ensures the accountability of validators to the Sui community, enhancing network security.

Sui facilitates immersive on-chain experiences and creates dynamic, innovative on-chain assets resembling in-game items. Through scalability, it ensures low and steady fees even during high demand and enables real-time transaction finalization with parallel processing. Due to Sui’s object-centric data model, users have full ownership and control of their digital assets on-chain and beyond smart contracts.

These projects on the Sui Network ecosystem will utilize Supra’s cutting-edge technologies like decentralized oracles, VRFs/RNG, data feeds, etc. The users of the following projects will use our decentralized oracle solutions at their fingertips in the near future.

  • Scallop: Scallop is the pioneering Next Generation Money Market for the Sui ecosystem, emphasizing institutional-grade quality, enhanced composability, and robust security.
  • Bucket Protocol: Bucket Protocol is a DeFi protocol built on Sui that focuses on optimizing fund efficiency and introduces the stablecoin $BUCK.
  • Mole Finance: Mole Finance is a DeFi protocol that offers a range of financial services, including savings, leveraged yield farms, and funds.
  • SuiNS: SuiNS is a revolutionary naming service built on the Sui blockchain, designed to offer an open and distributed system accessible to all users. By leveraging SupraOracles’ services, SuiNS can benefit from secure data, improved functionality, and increased reliability.
  • Typus: Typus is a real yield infrastructure built on the Sui blockchain that integrates Swap, Lending, and Derivatives to help users achieve better risk-to-reward returns.
  • Navi Protocol: Navi Protocol is a liquidity protocol that operates within the Sui ecosystem, focusing on maximizing capital efficiency for its users.
  • Turbos Finance: Turbos Finance, DEX for all, is a non-custodial liquidity layer built on top of the Sui Network invested by Jump Crypto and Mysten Labs. Turbos offers an efficient and composable automated market maker (AMM) decentralized exchange with the Concentrated Liquidity Market Maker (CLMM) model.

Join SupraOracles’ Blast Off Campaign

SupraOracles specializes in oracle services, RNG/VRFs, pricing feeds, and data oracles to enhance blockchain applications’ functionality, security, and reliability.

Our developer toolkit is designed to empower developers by offering improved performance, agility, and robustness in the development and management of data applications. The SupraOracles website offers comprehensive developer documentation and whitepapers to further support developers. These resources are valuable references for effectively integrating and utilizing our oracle services.

We are excited to share that SupraOracles is also expanding its services to other blockchain networks. Stay tuned for upcoming announcements as SupraOracles marches forwards. Join Supra’s early-stage blast-off launch and become part of this thrilling journey!

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