December 21, 2021 - 2 min read
SupraOracles, a blockchain platform that provides fast and secure oracle services, has announced a new partnership with the Platinum backed platform Marnotaur. SupraOracles integration will aid Marnotaur in improving the platform’s data security, as well as evaluating the cost of taking margin positions using Supra Smart Contracts, decentralized oracles, and consensus generated oracle data.
Marnotaur plans to adopt SupraOracles as their primary oracle solution. As such, it will gain access to subsidized bridges embedded into major chains, predictable fees, and NFT-based decentralized governance frameworks. There are numerous key reasons as to why Marnotaur chose SupraOracles as its primary oracle solution:
SupraOracles is redefining data security by using next-generation threshold cryptography, distributed key generation, and random sampling to achieve parallel data processing.
Additionally, SupraOracles assists with the selection of the most advantageous prices and assets based on current data. Higher throughput and reduced fees are possible with cross-chain swaps — with nearly no slippage.
Supra native smart contracts save the final off-chain node calculations reached by consensus, ensuring security and speed. This information is sent to destination chains, reducing gas costs.
Anton Dziatkovskii, founder of the Marnotaur platform, commented:
“When choosing a partner for oracle solutions, the key factors were resistance to spam attacks and data manipulation. We are glad to choose SupraOracles, as their oracle solution is the most suitable, reliable and affordable for our platform. Thanks to their Supra Smart Contract and consensus-based data, we will be able to make Marnotaur safer and more convenient for our users.”
Joshua D. Tobkin, CEO and Co-Founder of SupraOracles, commented:
“Being that the Marnotaur team works to offer a convenient platform for users to invest and earn securely, we’re glad to join up with them to create the future of Web3 technologies. Our blockchain technology focuses on making systems more resilient to spamming, MEV attacks, and node capturing — while retaining low transaction latency and high throughput. We’re all very excited to explore the possibilities that can be developed collaboratively.”
SupraOracles is influencing the evolution of traditional financial markets into the Web 3.0 ecosystem. The goal is to provide the developer community with a reliable cross-chain oracle. SupraOracles enables developers to build, deploy, and manage data applications with improved speed, agility, and reliability. Interoperable smart contracts provide a stable future for financial markets by introducing real-world data to public and private chains.
Marnotaur is a liquidity protocol for leveraged trading and farming that is compatible with other DeFi protocols and networks. It was created to help market participants multiply their gains using leverage on the DeFi market.
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