April 22, 2022 - 3 min read
SupraOracles is partnering with Unreal Finance, a yield futures platform. Unreal Finance is a decentralized protocol that enables users to tokenize the yield created by popular lending protocols like Compound, Aave, UniLend, etc. Unreal Finance will be available on Ethereum, Polygon, and other EVM-based chains. They will also be available in the Cardano ecosystem in the near future.
Unreal Finance allows users to sell their unrealized yield quickly, essentially locking in their interest rate at a fixed rate. Traders can also speculate on the unrealized yield currently. In addition, Unreal Finance allows lenders to lock in interest rates, speculate on and trade interest rates across several protocols, perform interest rate arbitrage between protocols and sell their interest early.
Unreal Finance has all of the functionality needed to support a wide range of cutting-edge DeFi use cases as well as a robust, active participant ecosystem. From the bottom up, the Unreal Finance protocol has been rigorously built to provide extensive functionality and a superior user experience. As a result, the DeFi community will have access to yield generating potential that no other participant in the sector can match.
SupraOracles will supply Unreal Finance with interest rate data feeds as part of this collaboration. Our oracles can provide pricing feeds as well as the current APY for a variety of lending protocols. Additionally, Unreal Finance will be able to confirm data feeds from multiple oracle services thanks to SupraOracles.
Ishan Garg, CEO and Co-founder of Unreal Finance, commented:
“We are excited to announce the start of a great, synergistic relationship between our two companies. As a result, Unreal Finance can smooth out its next-generation cross-chain DeFi unrealized-yield-futures platform by collaborating with SupraOracles and utilizing their blockchain data and analytics technology.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We’re experts in acquiring and transmitting real-time data rapidly and safely, and we’re excited to provide this service to Unreal users in the future. Unreal Finance is a fantastic partner, and we’re looking forward to assisting them on their new DeFi platform. Both platforms will remain committed to developing the best decentralized protocol possible.”
SupraOracles bridges the gap between traditional financial markets and the web3 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.
Unreal Finance introduces a new DeFi primitive to the market, allowing users to speculate on capital yield. They believe that by adding additional tools to the decentralized lending area, they will transform the decentralized lending sector and level the playing field in the market.
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