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SupraPartners #213 – SupraOracles partners with Merged Finance, a multi-chain investment instrument for diversified indexes

July 26, 2022 - 3 min read

SupraOracles is pleased to announce its partnership with Merged Finance, an intelligent investment solution offering more accessible entry points to cryptocurrency indexes. Merged Finance enables investors to access a diversified index of cryptocurrencies, all with their own on-chain utility.

Merged Finance aligns investment opportunities with asset tokenization, thus creating a decentralized system where tokens are representative of a complex cryptocurrency index. In addition, its multi-chain integration caters to rigorous investment requirements and uses automation to access new blockchain features, adding additional financial returns for its users.

Merged Finance has implemented an automatic asset balancing system, which helps investors maintain their profit margins. The smart balancing system improves index returns and is conducted for every mint and burn event, minimizing transaction fee expenditures.

SupraOracles will aid Merged Finance in ensuring asset balancing is accurate following the rebalancing sequences to distribute index tokens proportionally. In addition, SupraOracles’s cross-chain oracles will help provide accurate data feeds on token linkage within the fund, thus reinforcing Merged Finance’s safety features by conveying additional trusting factors for the end-user.

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“The future of crypto is likely to involve multiple blockchains, and Merged Finance has developed a secure system to connect retail investors to diversified cryptocurrency indexes. SupraOracles is looking forward to facilitating the link needed to onboard the next wave of crypto investors.”

About SupraOracles

SupraOracles aims to bridge the gap between traditional capital markets and the web3. Our primary goal is to deliver a new Oracle toolset to the developer community, allowing them to quickly build, deploy, and manage data applications with greater performance, robustness, and agility.

Our team comprises experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big 4 consulting, blockchain/DLT, and DeFi.

SupraOracles wants to address the Oracle issue and eventually power the future of Finance in partnership with our developer community and an expanding number of partners.

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

About Merged Finance

Merged Finance is a multi-chain protocol built by the TruePNL team and aims to help users invest in a variety of different asset classes. Instead of researching various tools and every single asset, Merged Finance has a single token solution to meet users’ needs. This one token gives investors access to their various portfolios and crypto indexes.

Merged Finance protocol has great prospects of becoming a groundbreaking product by offering a powerful, secure investing solution accessible to users of any experience level.

Join the Merged Finance community:
Website | Twitter | Telegram | Medium

Become a Partner – Contact Us.

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