December 30, 2021 - 2 min read
SupraOracles is excited to be joining Rikkei Finance on its revolution to change DeFi lending. Being compatible with various layer one blockchains with fast data feeds, strong security measures, and low latency, SupraOracles will join Rikkei Finance’s ecosystem to protect against price manipulation and ensure price accuracy.
With SupraOracles’ robust ecosystem of high-quality data providers and cross-chain capabilities, Rikkei will enjoy custom integrations that allow users to take advantage of cross-chain price pairings to support its multi-chain borrowing features. If borrowers can post collateral from one chain to borrow crypto assets on another, it opens up a new world of possibilities.
SupraOracles is also looking forward to supporting Rikkei Finance’s NFT lending feature. Supra Wallets will allow users to easily store NFTs that are borrowed on Rikkei Finance. Furthermore, Supra Wallet users can engage in peer-to-peer NFT lending directly within their Supra Wallets, powered by Rikkei Finance.
Hoa Dang, CEO of Rikkei Finance, commented:
“Every sustainable lending platform requires a dependable data source. We are super excited to collaborate with SupraOracles to provide users with an easy and secure lending solution. Together, we can achieve greater future growth.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Rikkei Finance is doing exciting things to change the lending landscape, and we are thrilled to be joining them in revolutionizing this industry. SupraOracles will support Rikkei by offering our price feed oracle services and custom integrations.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3 ecosystem. Our 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.
Rikkei Finance is a safe, solid, and convenient protocol that makes lending easy and secure with three key features: Cross-chain support, NFT collateralization, and P2P insurance.
The project has successfully raised $5.6M for strategic and private rounds and currently is valued at $40M. Backed by notable investors, Rikkei Finance aims to establish money markets for frictionless borrowing of any blockchain-based tokens without the flaws of existing approaches. In turn, this will allow proper money markets to function, and create a safe, positive-yield approach to storing assets.
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