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SupraPartners #116 – SupraOracles partners with Sigmadex, a self-stabilizing, a community-driven, and game theory enhanced liquidity protocol

March 04, 2022 - 3 min read

SupraOracles is proud to announce a collaboration with Sigmadex, a decentralized, cross-chain, and multi-asset marketplace governed by its community. Sigmadex is an open-source, balanced decentralized economy that combines game theory, decentralized financial infrastructure, and blockchain technology to produce the ultimate automated liquidity protocol. Sigmadex allows the community to control its protocol variables using its native SDEX token.

Sigmadex understands the gravity of decentralized gaming, especially for individuals who rely on it as their primary source of income. As a result, their DEX solution is built with infrastructure designed to maximize the benefits of trading currencies created by decentralized gaming ecosystems.

Sigmadex assures that investors seeking passive returns but with a lower risk threshold have a place in DeFi because of its high interoperability, security, and ability to supply LPs with magnified profitability margins. Due to the lower risk of being an LP inside the ecosystem, more liquidity will be poured into DeFi as a result of Sigmadex. This means that any DeFi project using Sigmadex’s liquidity protocol will have more liquidity in the marketplace. This effect will increase the durability and general viability of fledgling enterprises while also ensuring that early backers of the project are protected against popular DeFi scams such as rug pulls and frontrunning.

SupraOracles will provide Sigmadex implied volatility data on-chain so that liquidity settings can be adjusted to reduce impermanent loss. The sigma risk engine will use SupraOracles to make collateralization changes. Sigmadex will be able to examine the present situation of the derivatives market from several independent sources thanks to SupraOracles data and pricing feeds, resulting in a more robust algorithm backed by high-quality data.

Adrian Radulescu, CTO of Sigmadex, commented:
Liquidity concentration can be estimated algorithmically by integrating a trustworthy data feed into Sigmadex’s AMM architecture. SupraOracles’ track record of creating high-quality, tamper-proof data sources is unrivaled, giving us the confidence we need to continue laying the groundwork for Sigmadex.

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
As they continue to build the protocol in preparation for a multi-phased launch, Sigmadex hopes to provide users with the finest DeFi experience possible. SupraOracles is ecstatic to be a part of the new DeFi age, contributing to the crypto ecosystem’s growth and innovation.

About SupraOracles

SupraOracles wants to bridge the gap between traditional capital markets and the web3. Our goal is to give the developer community a breakthrough Oracle toolset that allows them to effortlessly build, deploy, and manage data applications with improved performance, robustness, and agility.

Experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big four consulting, blockchain/DLT, and DeFi make up our team.

With the support of our developer community and a growing number of partners, SupraOracles hopes to solve the oracle problem and eventually power the future of finance.

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

About Sigmadex

Sigmadex is an open-source, balanced decentralized economy using game theory, DeFi, and blockchain technology to create the ideal automated liquidity protocol. It eliminates the requirement to trust any intermediaries, prioritizes decentralization, and is governed by the community.

Join the Sigmadex community:
Website | Twitter | Github | Blog

Become a Partner – Contact Us.

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