ICONFi Integration With Band Protocol
ICONFi & Band Protocol announced partnership to provide highly secure, reliable & low-latency reference price feeds for all products offered on the platform.
ICONFi offers flexible savings products which allow users to deposit and withdraw their principal with interest at any time. On the other hand, fixed products earn a higher APR (interest) but carry a longer deposit period of 30/90/180 days. With the Band Protocol integration supporting all savings and staking products through decentralized and real-time reference price data, ICONFi users will be empowered to utilize a verified spot price for digital assets to make informed decisions. This increases the reliability and transparency of ICONFi upon launch, creating an enhanced decentralized finance experience for all.
“ICONFi has been growing at an incredible pace. To ensure the highest degree of security with speed to market, Band Protocol’s decentralized and real-time price data will be an integral part of our future, especially with new DeFi product offerings that we want to make available to our global clients.” – Sean Kim, CEO & Co-Founder of the ICONFi.
Band Protocol is excited to join ICONFi’s journey to bring DeFi and blockchain technology towards mass adoption through a consolidated simple, intuitive and easy-to-use platform. Aligning with the launch of Balanced, the ICON’s first DeFi Platform, supporting synthetic assets and exchange — Band Protocol is thrilled to contribute further to the growing ICON ecosystem.
What is ICONFi?
ICONFi is a digital asset savings platform that provides simple & intuitive earn products so that anyone can easily multiply crypto assets. ICONFi aims to simplify the complicated processes often associated with crypto assets and offers a sleek, straightforward user interface that supports saving, staking and airdrop activities at the palm of your hand.
What is Band Protocol?
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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