August 02, 2023 - 3 min read
Supra is pleased to announce its partnership with Plena Finance, an application platform at the forefront of blockchain technology. Plena’s platform leverages EIP-4337 Account Abstraction, reducing gas fees and providing a variety of other benefits.
With its user-centric approach, Plena offers a centralized application-like experience, allowing users to effortlessly access any dApp on the blockchain without requiring prior blockchain knowledge. The platform enables users to perform various actions on blockchains with a tap, including liquidity provisioning, which typically takes multiple transactions but can now be accomplished in a single transaction.
Plena Finance’s upcoming Plena Portfolios is a revolutionary feature for managing crypto assets. With customizable options and top-notch security using Account Abstraction technology, users retain complete control and custody of their funds, ensuring unmatched peace of mind.
Additionally, it’s also launching a personalized AI assistant called PlenaGPT. Plena Finance is redefining the Web3 user experience with hassle-free seedless social login features, buying crypto with just $1, single-tap solutions to crypto problems, paying transaction fees in any token, and cross-chain/multichain support for instant asset bridging.
This partnership aims to complement each other’s strengths, fostering mutual growth and advancement in the industry. As part of the collaboration, both companies will share resources, with Plena Finance exploring the use case of Supra’s oracle services.
Joshua D. Tobkin, CEO and Co-founder of Supra, commented:
“We are happy to join Plena Finance in this journey. Plena Finance is a true innovator in the self-custodial wallet space. This partnership will unlock the true potential of blockchain technology for millions of users.”
Sparsh, CEO and Co-founder of Plena Finance, commented:
“We are thrilled to announce our partnership with Supra Oracles, the industry-leading oracles in the web3 space. By leveraging their fast and secure oracle solutions, we can now offer our users an advanced protocol that enables secure borrowing of assets from our platform. This collaboration marks a significant step forward in our commitment to providing cutting-edge solutions to our valued community.”
Supra aims to connect traditional capital markets with the Web3 environment. We aim to provide a revolutionary oracle toolset to the developer community, allowing them to easily construct, deploy, and manage data applications with superior performance, robustness, and agility.
Supra wants to solve the oracle conundrum and eventually power the future of finance with the help of our developer community and an increasing number of partners.
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Plena leads the way as a pioneer in Account Abstraction technology, offering a mobile wallet with a centralized application-like user experience while granting complete custody of funds to users. Simplifying the process, Plena allows users to perform complex blockchain actions in a single transaction, reducing the former 6-8 transaction requirement. Interacting with web3 dApps becomes effortless as users are not required to learn anything new. Moreover, Plena lets users pay transaction fees in their preferred tokens, mirroring the convenience of centralized exchanges.
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