October 27, 2021 - 2 min read
SupraOracles is helping Moonfarm bridge the gap between centralized and decentralized finance (CeFi and DeFi, respectively). Moonfarm is a yield farming aggregator that integrates DeFi’s transparency, speed, and economical features with CeFi’s security. The platform promises users an easy-to-use experience with high APYs and zero impermanent loss.
SupraOracles will provide Moonfarm with fast, accurate, and secure oracle services. As Moonfarm continues to grow its offerings, SupraOracles will customize its services to meet Moonfarm’s evolving needs. SupraOracles will also help support Moonfarm’s future multi-chain developments with our cross-chain bridges and customized API solutions.
Frank Dang, CGO of Moonfarm, commented: “After several discussions with the CEO of SupraOracles and the team, I see the true potential of SupraOracles and how it has much more advantages than other current Oracles projects like Chainlink on Eth or Pyth Network on Solana. SupraOracles will help Defi projects like Moonfarm to have a much more precise price feed and secure system when it comes to getting price and avoid flashloan hacking.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “We highly respect Moonfarm’s vision to employ the best of CeFi and DeFi. The product takes advantage of the upsides while minimizing the downsides of both approaches.”
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.
Moonfarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
Moonfarm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.
Sign up for the Supra newsletter for company news, industry insights, and more. You’ll also be the first to know when we come out of stealth mode.