October 05, 2021 - 3 min read
SupraOracles is excited to be working with Algoblocks, an affordable algorithmic trading platform. Algoblocks’ tools are uniquely designed to enable non-coders to develop and execute intelligent algorithmic trades on DeFi protocols, including arbitrage trades. Algoblocks also offers a trading community for users to share and learn about various algorithms.
SupraOracles’ layer one oracle will feed accurate real-time data to Algoblocks’ powerful trading platform and will allow pre-programmed algorithms to effectively trigger trades. Our fast refresh rates, which are 2-5 seconds, allow Algoblocks to execute on time-sensitive and special situation trades. This is particularly critical for complex financial derivatives like fixed-income products that rely on quick refresh rates. Furthermore, Algoblocks will enjoy tighter and more accurate pricing of liquidity pools.
Joseph Kim, CEO of Algoblocks, commented: “SupraOracles provides a powerful edge for our users who rely on capture time and pricing sensitive trade opportunities in a highly dynamic market. Nothing excites me more than collaborating with a project that will bring even more granularity, accuracy, and transparency to crypto market data.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Algoblocks is a powerful trading tool that allows all users, regardless of technical expertise, to create complex trading algorithms. We are thrilled to be working on a project that increases the accessibility of such powerful trading strategies.”
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.
Algoblocks aims to be the front-page of DeFi Products. We are aiming to be an automation platform for DeFi products where a community of users can build and share their trading strategies through a marketplace in a no-code algorithmic trading fashion. The project is built and operated by professionals with experience in financial services, blockchain, DeFi, securitization, capital markets trading technology, investment banking and fintech.
AlgoBlocks strives to reduce the friction for users to use and adopt DeFi products as part of their trading workflow and hopefully becomes the first and final destination for DeFi products for all users.
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