October 26, 2021 - 2 min read
SupraOracles is excited to partner with Strip Finance, an NFT and DeFi liquidity platform that allows borrowers to post their NFTs as collateral. The platform offers a liquidity pool and peer-to-peer marketplace for their borrowers and lenders. While users bid the interest rate and duration in the P2P mechanism, liquidity pools have predetermined interest rates and durations. The protocol supports various NFT marketplaces.
SupraOracles will provide accurate and secure data points that enable Strip Finance to build a reliable NFT fair value assessment tool. This tool will be cross-chain compatible and interoperable with the following chains: Avalanche, Ethereum, Polkadot, Solana, Binance, and more. SupraOracles will also offer Strip Finance cross-chain bridges for collateralized NFTs.
Yash Jejani, CEO of Strip Finance, commented: “We are excited about our partnership with SupraOracles that would help leverage data and information across blockchains for our NFT value assessment tool. Going forward, this will a core element of Strip Finance platform as we solve the price discovery challenge for the NFT markets in our quest to bring capital efficiency.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Strip Finance empowers NFT holders to stay liquid while maintaining their NFT ownership. SupraOracles will support this mission by supplying the data Strip will use to assess NFT value. Our team is passionate about the NFT space and is excited to kick off this partnership with Strip Finance.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and 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.
Strip Finance is building a collateralised NFT borrowing and lending platform initially launching on Binance Smart Chain. The platform’s ability to collateralise NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors.
The idea was conceptualised in response to the global explosion of interest in digital ownership by a team that comprises experienced crypto entrepreneurs, operators, and stalwarts of the crypto industry as advisors and investors.
Get news, insights, and more.
Sign up for the SupraOracles newsletter for company news, industry insights, and more. You’ll also be the first to know when we come out of stealth mode.