Konomi Network and MathChain Partnership

Konomi Network is pleased to announce its strategic partnership with MathChain, a Layer 2 blockchain based on Substrate. This collaboration will allow MathChain to support Konomi with the Parachain slot auction, crowd loan, and wallet integration, enabling significant changes in Konomi’s system.

MathChain focuses on smart wallets, massive adoption, go-to-market and inclusive blockchain applications. With a decentralized permissionless parachain powered L2, MathChain incorporates easy interoperability with Polkadot, Ethereum, BSC, Filecoin, Rollups and EVM side chains.

Konomi Network, on the other hand, is a cross-chain devolved money market protocol that supports assets within various blockchains. They are currently developing Konomi Lend, a project for more users to have access to decentralized financial services on our platform.

This partnership between Konomi Network and MathChain will allow Konomi Lend to integrate Math wallet for asset management. Konomi Lend will also add Math tokens as a borrowed asset and provide the option to be a collateral base on the governance of the community.

Another project by Konomi Network — Konomi Oracle, will help support Math tokens for price feed. Konomi Oracle is a third-party service that provides smart contracts with information from outside sources. It is also the layer that queries, verifies, and authenticates external data sources within the platform as well.

Working together with MathChain will assist in establishing decentralized and advanced financial services solutions that are effective for both users and owners on Konomi’s platform. For more details about our collaborations, don’t forget to follow our developments and updates on our social media channels.

About MathChain

MathChain is a layer 2 blockchain based on Substrate to allow for massive adoption, easy go-to-market, and inclusivity for diverse blockchain applications. Its core product is MathWallet, which has millions of users around the world.

About Konomi Network

Konomi is a decentralized money market protocol built using Polkadot’s Substrate. Konomi is working to provide active money markets across the entirety of the Polkadot ecosystem, as well as expand and integrate into cross-chain networks. By introducing a fluid market for cross-chain crypto assets, Konomi hopes to provide an overall better user experience that is accessible regardless of the native network the end user prefers.

📰 INFO

https://konomi-network.medium.com/konomi-network-forms-partnership-with-mathchain-421b03b66d58