February 22, 2022 - 2 min read
SupraOracles is partnering with Single Finance, a capital-protected yield farm. Single Finance is a user-friendly platform for DeFi investments that minimizes market correlations. Currently deployed on Cronos, with the plan to expand to more EVM compatible chains, the platform is meant to be compatible with other blockchains and generate returns from a cross-chain platform.
The Single Finance platform not only allows users to open positions but also keeps track of constantly changing market conditions and uses bots in its ecosystem to carry out pre-programmed tactics. Their implementation is free and accessible to the public.
SINGLE is the Single Finance Protocol’s governance token with a limited supply. SINGLE token holders can vote on important parameters for the interest rate model, fee rates, and the distribution of protocol fees and reserves accumulated for the Single Finance Protocol, as well as engage in governance and define the future of SINGLE.
In Single Finance, all farming strategies are based on the principal in USD value. On this platform, price accuracy is significantly more critical than on others. SupraOracles provide a lot of assurance in this regard. Single Finance creates a variety of auto-trading bots, such as stop loss and rebalancing, to preserve the wealth of farmers. Farmers will suffer greatly if the price is influenced by an external attack. SupraOracles can secure their users’ capital and prevent DeFi attacks.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Single Finance is a fantastic partner, and we’re looking forward to working with them on their capital-protected yield farming. We specialize in obtaining and transmitting real-time data in a quick and secure manner, and we want to provide this service to Single Finance users in the future. Both platforms will remain committed to their mission of providing the best DeFi platform possible.”
SupraOracles bridges the gap between traditional financial markets and the web3 world. Our 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. We also provide developers with a collection of tools for creating, deploying, and maintaining quicker, more agile, and more resilient data applications.
Single Finance is a super intuitive platform for all your DeFi investments, minimizing correlations to the general market. Single Finance works out of your injected capital in USD. Everything is visualized. And everything is at your fingertips.
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