February 16, 2022 - 2 min read
SupraOracles is pleased to announce its collaboration with Xion, a yield farming and crypto payments protocol. Xion Global is developing its platform at the cutting edge of technological advancement. They make use of the most recent blockchain developments, such as upgradeable smart contracts, cross-chain communication channels, and meta transactions.
SupraOracles has partnered with Xion to provide cross-chain oracles and cross-marketing campaigns for both Xion Global and Xion Finance. Xion Global plans to use SupraOracles for conventional finance data for their crypto payments infrastructure, while Xion Finance will use SupraOracles’ crypto price feed data for their yield farming protocol. This will help the Xion ecosystem become more safe, scalable, and efficient.
With SupraOracles technology, DeFi can now achieve its full potential because there is no longer a compromise between decentralization, scalability, security, and near-instant finality. Integration of SupraOracles with Xion will boost on-chain oracle refresh speeds significantly, lowering slippage and price variations with quicker and better data feeds, and improving security with more decentralized data sources.
Ronan Quarmby, Core Contributor of Xion Global, commented:
“Since the founding of Xion Finance, we’ve aspired to bring in a world-class partner, particularly in the oracle and smart contract domains. This desire has been fulfilled since the beginning of our relationship with SupraOracles. We’re looking forward to seeing what we can accomplish with their next-generation oracles and smart contract solutions.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We’re really happy about our new partnership with Xion, and plan to provide price feed data for Xion Finance’s yield farming protocol. Additionally, we are excited to contribute to their crypto payments infrastructure as well. Our goal is to keep offering ground-breaking smart contract solutions so that all of their projects reach their full potential.”
SupraOracles aims to bridge the gap between traditional capital markets and the web3. Our primary goal is to deliver a new Oracle toolset to the developer community, allowing them to quickly build, deploy, and manage data applications with greater performance, robustness, and agility.
Our team comprises experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big 4 consulting, blockchain/DLT, and DeFi.
SupraOracles wants to address the Oracle issue and eventually power the future of finance in partnership with our developer community and an expanding number of partners.
Xion is positioning itself to be a game-changer in the global e-commerce and financial industries by combining the enticing benefits of a web3 environment, cross-chain functionality, loyalty programs, and cashback awards. Xion aspires to be a web3 Stripe, allowing crypto payments for thousands of merchants and their consumers when they purchase online at low rates.
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