July 15, 2022 - 3 min read
SupraOracles is pleased to announce its partnership with YFDAI Finance. YFDAI connects traditional banking with decentralized networks to usher in a new era of lending, borrowing, saving, insurance and investing.
YFDAI’s mission is to democratize finance by acting as a catalyst for the widespread adoption of next-generation financial products. Individuals can participate in the new financial revolution by using YFDAI’s DeFi solutions, which provide consumers full control over their net worth in a secure peer-to-peer network. The YFDAI dashboard is a one-stop shop for all their services, with an intuitive and user-friendly interface.
SafeSwap is YFDAI’s decentralized exchange (DEX), where users can safely, securely, and quickly exchange native ERC20 tokens. In addition, users can participate in primary token sales depending on their YFDAI staking or farming balance and tenure, which is YFDAI’s token launch vehicle for bringing new cryptocurrency projects to market.
SupraOracles will provide YFDAI with oracle toolkits. SupraOracles and YFDAI are excited to partner and support one another in terms of project development and a broader value driver for launchpad projects.
Tapas Paul (Rocky), Lead Developer of YFDAI Finance, commented:
“The objective of blockchain and decentralized finance is to give society trustless, transparent financial services. We’ve also teamed up with a world-class company that specializes in oracles and security. We’re excited to see what we can accomplish with their next-generation oracles.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We’re certainly looking forward to strengthening our new partnership with YFDAI. Our goal is to continue to provide innovative oracle solutions to developers and entrepreneurs so that their decentralized applications can thrive. We seek to bridge the worlds of traditional finance with decentralized networks through our partnership.”
SupraOracles aims to bridge the gap between traditional capital markets and the web3. Our primary goal is to deliver a new Oracle toolset to the developer community, allowing them to quickly build, deploy, and manage data applications with greater performance, robustness, and agility.
Our team comprises experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, PhD academics, big 4 consulting, blockchain/DLT, and DeFi.
SupraOracles wants to address the Oracle issue and eventually power the future of finance in partnership with our developer community and an expanding number of partners.
YFDAI is a community-driven, creative DeFi project that was created by people, for people. To promote equity and fairness for all, YFDAI’s decisions and actions shall be made by its members and community. YFDAI is a new governance system that prioritizes innovation, entrepreneurship, and technology advancement with the purpose of giving DeFi a much-needed utility focus.
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