November 02, 2021 - 2 min read
SupraOracles and Avarta will work together to build a decentralized future for financial markets by producing reliable and secure credit scores in the DeFi industry. SupraOracles will provide Avarta with cutting-edge data feeds that allow Avarta to calculate credit scores.
Based on the credit scores derived from Avarta’s advanced algorithms, users can choose from a collection of lower collateralized loans. Our fast and secure data feeds will also support Avarta’s antibot feature. This feature protects decentralized applications (dApps) against malicious bot attacks that deplete liquidity by thoroughly validating user authenticity.
Our partnership with Avarta will include the development and support of more products as we expand the variety of data feeds that we provide. For example, SupraOracles may be able to support Avarta’s multi-chain and multi-asset biometrics wallet. SupraOracles is incredibly excited to work with Avarta and looks forward to a fruitful long-term partnership.
Matthew Ainscow, CEO of Avarta, commented: “We are excited to be working with SupraOracles, enhancing the accuracy of our data. In turn, empowering our users to access improved lending rates and create new DeFi risk-adjusted products.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “The synergies of this partnership are founded on our shared values and vision of an interoperable and decentralized financial future. We hope to collaborate with Avarta on many more projects in the future.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
Backed by patents, Avarta is a next-gen data authentication layer with a biometric cross-chain wallet aggregator and an innovative cross-chain credit scoring system. Users using the Avarta Wallet can enjoy secure keyless crypto at their fingertips where they are the Private Key to their wallets. Avarta users also gain access to differentiated crypto financial products such as loans with a lower collateralization rate based on their Avarta credit score. For more information, you can visit us at Avarta.io.
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