Asva Labs and Kylin Network Partnership
Asva Labs is super thrilled to inform its community that they have partnered with Kylin Network, an advanced data infrastructure for DeFi and Web 3.0 powered by Polkadot.
Kylin Network will offer them fast, reliable, and valid on/off-chain market data and social data by leveraging the power of the Substrate framework on open networks.
Without any further ado, let’s take a look at what follows.
How will the partnership work out?
Asva Finance, one of the premium products from Asva labs, is a cross-chain DeFi aggregation protocol that leverages DeFi protocols from multiple blockchains to feature a wide range of functionalities like cross-chain token swaps, lending, borrowing, yield farming, and portfolio management. Their advanced cross-chain routing mechanism offers the best rates to users for all the services they avail from a simple user-friendly interface.
As you may have inferred, fast and efficient data feeds will play a key part in determining the competency of their platform. The price accuracy of assets traded on Asva Finance is directly linked to the radiality of the data source they make use of. This, they will facilitate through Kylin.
Kylin Oracle is a robust decentralized data feeding protocol powered by Polkadot offering multiple, real-time data sources with complementarity and synergy to off-chain workers. They will leverage Kylin oracle to supply data feed for the seamless functioning of our DeFi solutions. To add to that, Kylin makes available high-quality data services cost-effectively, in turn bringing down the cost of services offered on Asva Finance.
Wrapping Up
With an extraordinary vision for the future of cross-chain data and data infrastructure, Kylin will play an integral role in driving the DeFi growth in the coming phases of crypto evolution. Asva Labs is delighted to form a long term strategic collaboration with Kyline and enhance their data accuracy.
“Asva Finance aims to expand the horizons of DeFi capabilities through an array of cross-chain use cases. We have been on the hunt for secure data oracles to power our multi-chain functionalities and we have found a perfect partner in Kylin owing to their robust data infrastructure built on Substrate.”
– Mallikarjuna Naidu, CEO of Asva Labs.
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
About Asva Labs
The world’s pioneer platform to fuel interoperable applications for DeFi, NFTs, and the metaverse, Asva Labs leverages Web3 blockchain technologies to pave the way for an interactive decentralized ecosystem.
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