December 16, 2021 - 2 min read
SupraOracles joins forces with Formation Finance (Formation Fi) to allow average users access to risk mitigation strategies. These strategies include Formation Fi’s “cross-chain risk parity smart farming 2.0”, which employs diversification and leverage to boost returns and balance risk.
When risk mitigating strategies are available to retail investors, the chances of long-term stability are most likely to be optimized. Furthermore, users maximize their chances of hitting every upswing.
SupraOracles is providing Formation Fi with secure, accurate, and fast price feeds to generate a better APY at a lower overall adjusted risk. SupraOracles’ cross-chain data feeds will handle the necessary data to provide Formation Fi with automatic, transparent, and tailor-made risk parity smart yield farming opportunities.
Krzysztof Gagacki, Co-founder of Formation Fi, commented:
“With the endless amount of new protocols emerging in the industry, it’s going to be extremely important to find new and robust oracles to utilize in order to efficiently create a frictionless experience within DeFi Applications, We are extremely happy to be partnering up with SupraOracles to be fighting alongside this journey together.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“As Formation Finance works to distribute risk across multiple uncorrelated assets, we are excited to join forces on tackling the biggest problems in cryptocurrency together. Our interoperable solutions are prepared to tackle even the most complex challenges in DeFi. We will be dedicated to staying on the cutting edge of innovation to reinforce and nurture product development as Formation Finance scales up.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web 3.0 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.
Formation Fi is a DeFi project that aims to take yield farming to another level by integrating the risk parity strategy first implemented by billionaire hedge fund manager Ray Dalio for stock markets. The yield farming protocol developed by Formation Fi distributes risk across multiple uncorrelated assets within the crypto space. The protocol is chain-agnostic, community-oriented, and targets long-term success.
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