The NeoFi platform serves as a traditional investor’s basic training towards passive investments in crypto markets. With a single click, users can create a diversified portfolio of digital assets tracking different themes, strategies, or objectives.
Additionally, they can stake their non-operating crypto assets in several vetted protocols to earn passive income. The new partnership will see SupraOracles streamline the determination of asset prices not listed on centralized exchanges. That is in addition to making them accessible for baskets, earn, and no gas swap products.
As well as making it easy for people to invest in unlimited crypto baskets, NeoFi aims to be accessible to as many people as possible. People will, therefore, be allowed to invest via fiat in supported jurisdictions at no extra cost. SupraOracles promises near real-time price feeds for the platform’s country-specific stable coins.
Abhishek Kumar, Co-founder of NeoFi, commented:
“We are thrilled to partner with SupraOracles, a game-changer in cross-chain blockchain oracles. Their blockchain Oracle solutions have been remarkably effective in striking a tradeoff between decentralization, scalability, safety, certainty. We hope that our cooperation with them will help us reach more traditional investors looking to delve into crypto markets.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Backed by numerous VCs in the industry, NeoFi is a platform introducing a new unique way of investing in crypto through baskets. This is a great partner to have, as we continue building tools for developers and entrepreneurs who want to take their projects to the next level.”
By availing a potent cross-chain oracle to developers, SupraOracles is helping bring traditional capital markets and the Web3 closer. That involves actualizing interoperable smart contracts by feeding real-world data to the blockchain. The smart contracts, in turn, help secure the future of financial markets while providing developers with the tools they need to seamlessly manage the data applications they create.
NeoFi is a crypto-investment solution designed to help every scale investor diversify their investment portfolio and risks automatically. NeoFi relies on NeoFi baskets to help investors invest in their preferred theme, strategy, or objective with a single click.
NeoFi is working to onboard the next billion users to the cryptocurrency space. The project believes that their efforts will not only revolutionize the world of cryptocurrencies but also level the playing field in the market by offering more tools to retail investors in the market.