Supra Partners # 41 – SupraOracles partners with speculative trading powerhouse and vAMM Matrixswap

November 15, 2021 - 3 min read

SupraOracles will power Matrixswap with highly reliable and tamper-proof price feed data. Matrixswap is an exceptionally advanced decentralized and multi-chain perpetual futures exchange. Unlike standard AMMs, Matrixswap is a virtual AMM (vAMM) that does not require liquidity providers or have volume limitations. Unlike standard AMMs, vAMMs will lock real assets into a smart contract and an algorithm will provide liquidity based on the size of the locked collateral. 

Matrixswap doesn’t limit its speculation opportunities to the most popular token pairings but rather promises to list new market pairs as soon as they are available on DEXs like UniSwap, SushiSwap, and PancakeSwap. This ambitious goal requires reliable price feeds for lower cap tokens, which SupraOracles will provide with our fast and accurate oracle services. 

Matrixswap is built on Cardano, Polkadot, and Polygon, all of which chains will also be integrated with SupraOracles. The SupraOracles team also looks forward to collaborating with Matrixswap on hackathons encouraging the expansion of the multi-chain ecosystem. 

Joseph Liu, Project Lead at MatrixSwap, commented: “SupraOracles advanced data price feeds will unlock Matrixswap’s perpetual dex for new markets, allowing us to attract more users to the platform. We look forward to integrating with their promising technology.” 

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Matrixswap has addressed many issues facing traditional DEXs and AMMs, like high slippage, low liquidity, and trade volume restrictions. As MatrixSwap scales up, we will also be pursuing new ways to stay at the cutting-edge of innovation and provide MatrixSwap with the datafeeds they need to carry out their vision. We also appreciate that the team is a fan of multi-chain projects and hope to host multi-chain-oriented hackathons in the future!” 

About SupraOracles

SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 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. 

Join SupraOracles’ community: Website | Twitter | Telegram | LinkedIn | Announcements | Medium

About Matrixswap

Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot, Cardano, and Polygon blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.

Join Matrixswap’s community: Website | Twitter | Telegram | Telegram Announcement Channel | Discord | YouTube | Linktree



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