Konomi Network seals strategic partnership with Pinknode
Konomi Network is thrilled to announce strategic partnership with Pinknode, a Polkadot Infrastructure-as-a-Service provider, to increase adoption and motivate innovators to build on the state-of-the-art Web 3.0 ecosystem.
The partnership will enable Pinknode to be Konomi Network’s collator node, fully decentralizing and enhancing security for Konomi’s ecosystem. Both partners are looking forward to exploring the potential joint cross-chain message passing (XCMP) experimentation.
Konomi Network is built on a Substrate-based blockchain. To elaborate, our money markets enable users to make use of Polkadot-native assets efficiently to back up borrowing and lending. This allows projects buying a parachain slot to use their native tokens as collateral for DOT and support their parachain bid. Moreover, Konomi has recently launched its third-party oracle service, which is inspired by Chain Link oracles.
This collaboration will allow Konomi Network to be the main provider of infrastructural solutions, providing Konomi users with secure and decentralized API endpoints, linking them to various networks on the Polkadot ecosystem.
Furthermore, Konami network team’s lending module will assist Pinknode in creating its P2P pool to strike up the liquidity of PNODE, this allows users to borrow native tokens for different purposes such as, but not limited to, trading and utilising their API service. Konomi Oracle will also be the supplier of outsourced price feeds and multiple liquidity strategies for PNODE.
As Konami team continues to further their developments in cross-chain asset growth, they are honoured to collaborate with Pinknode and help both companies achieve our goal of providing users with unique and efficient financial solutions.
About Pinknode
Pinknode is a Polkadot-specialised Infrastructure-as-a-Service provider with the goal of accelerating adoption and empowering innovators to build on the most promising Web 3.0 ecosystem. By providing API endpoints through a streamlined onboarding process and maintaining secure, reliable, and scalable node infrastructure, Pinknode helps innovators jumpstart development quickly and accelerates their product life cycles.
About Konomi Network
Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem. Users could manage their crypto holding positions, trade assets and earn interest through decentralised money market products. Konomi also issues its native network token in order to kick-start liquidity and decentralised governance.
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