Konomi Network to Launch Konomi Oracle on Polygon’s Oracle Platform
Konomi Network is delighted to announce the launch of Konomi Oracle on Polygon, a full-stack ethereum scaling solution for building and connecting Ethereum compatible blockchain networks.
Konomi Network aims to provide a one-stop solution for users to manage their crypto assets. To achieve this, Konomi will deploy Konomi Oracle on Polygon. An oracle is an algorithm used to import data from the outer world onto the blockchain. Konomi Oracle will provide a price feed and several aggregation strategies while being freely accessible by all the projects and the community of the Polygon ecosystem
Both Konomi and Polygon have realized early on the underlying issues of Ethereum, such as low throughput, poor user experience caused by outdated PoW algorithms, and lack of sovereignty. We are honored to launch on the Polygon network as they are the most developer-friendly ecosystems outside of the Ethereum mainchain.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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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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