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SupraPartners #162 – SupraOracles collaborates with Okra Finance, the first permissioned DeFi composable index and execution platform.

May 11, 2022 - 3 min read

SupraOracles is excited to announce a partnership with Okra Finance to integrate cutting-edge blockchain data and analytics to further enhance the data integrity and quality of the Permissioned DeFi index platform as the protocol continues to build out an institutional-grade ecosystem.

Having set a clear goal to redefine the future of information services in global digital assets markets, SupraOracles is now making giant strides towards expanding its scope of utility, influence, and relevance in the blockchain space.

We have seen exponential growth in DeFi over the past few years, especially with growing institutional participation driven by superior risk-weighted returns and efficiency brought by disruptive technologies. However, the DeFi ecosystem remains fragmented and difficult to navigate, and there is a lack of on-chain customized asset allocation tools available. Okra Finance is focused on addressing the pain points for institutional asset managers and portfolio managers who foray into the DeFi universe. 

Okra Finance features Drag & Drop Composable Index UX allowing fund managers to create an on-chain index, removing technical and execution complexities which are often associated with DeFi. The proprietary adaptors provide users access to a full range of DeFi liquidity venues, which makes it highly scalable and flexible. The platform will also offer risk and analytical reporting as part of the comprehensive offering to institution participants. 

The Net Asset Value (NAV) is a key metric that reflects the valuation of a portfolio. Hence it is critically important to ensure the data feed is accurate and the most up-to-date. Under the agreement, Okra Finance will be using Oracle toolsets from SupraOracles for NAV calculation. 

Cage Chen, Co-Founder of Okra Finance, commented:
“We are pleased to work with SupraOracle’s team to leverage their superior blockchain data and analytics technology as we roll out our unique product offering to institutional clients. Our clients are looking for institutional-grade infrastructure and technologies, hence we will certainly make sure accurate and timely data analytics is an important feature of the Okra Finance platform.

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
Okra Finance is a great partner, and we’re excited to assist them with their new DeFi index platform. We specialize in acquiring and conveying real-time data in a timely and secure manner, and we look forward to delivering this service to Okra users in the future. Both platforms will stay focused on their goal of creating the unique DeFi Index platform.

About SupraOracles

SupraOracles bridges the gap between traditional financial markets and the Web 3.0 world. Their objective is to provide a comprehensive cross-chain oracle to the developer community. SupraOracles mixes real-world data with public and private blockchains to create interoperable smart contracts that protect financial markets in the future. It also provides developers with a collection of tools for creating, deploying, and maintaining quicker, more agile, and more resilient data applications.

Join the SupraOracles community:
Website | Twitter | Telegram | LinkedIn | Announcements | Medium | Discord

About Okra Finance

Okra finance is the first permissioned DeFi index creation and execution platform powered by smart contracts. Our mission is to create an on-chain asset management ecosystem for institutional participants to have access to a wide range of DeFi strategies and build customized portfolios. Okra’s unique “permissioned” framework provides the necessary infrastructure for institutions’ long-term participation as the DeFi landscape continues to evolve. 

Join the Okra Finance community:
Website | Twitter | Medium | LinkedIn | Blog

Become a Partner – Contact Us.

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