SupraOracles is partnering with with the Forward Market, a comprehensive decentralized exchange for derivatives. The Forward Market allows users to trade on decentralized financial products much like the forward contracts in traditional finance, which enable risk hedging and price movement speculation. The Forward Market ecosystem includes an automated market maker (AMM) with a liquidity pool and DEX. The exciting new project recently launched its testnet on Binance Smart Chain (BSC).
SupraOracles’ real-time price feed data will quickly price the high-volatility derivative products trading on Forward Market. Additionally, the SupraOracles’ time-delay function is ideal for high-volatility assets. As Forward Market transitions into a cross-chain decentralized derivatives exchange, SupraOracles will provide cross-chain bridges and secure multi-chain price pairings.
Chanon Charatsuttikul, CEO of Forward, commented: “Forward aims to provide a comprehensive decentralized derivatives exchange. In the derivative market, the price has very high volatility. The time delay function used in SupraOracles, known to be suitable for high volatility assets, can be the best fit. The cross-chain function on SupraOracles, which can help feed data prices from multiple chains in real time, is essential to Forward as we plan to provide the cross-chain decentralized derivative exchange in the near future.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “We are happy to support the Forward Market’s mission to bring traditionally useful financial products into the DeFi world. As the Forward Market adds features, SurpaOracles will scout data sources to ensure that we have the necessary data feeds to allow the Forward Market to effectively carry out its evolving vision. When the Forward Market develops into a multi-chain platform, we will support their new offerings with cross-chain bridges for assets and data.”
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.
Forward built the most sophisticated decentralized derivative exchange with an automated market maker model. We aim to provide Derivative DEX, DEX, Farming, Lending and Borrowing services. We are solving 3 important aspects of Derivative DEX and DeFi:
- Position Hedging
- Add liquidity and list in Forward