Composable Finance Has Partnered With KYVE
KYVE will become the data provider for There Kusama parachain. KYVE will be integrated into Picasso to help store and serve data reliably which will ultimately benefit both developers and end-users. This collaboration is to incorporate its decentralized caching and archiving solution into our parachain. The addition of KYVE will provide Picasso and the dApps built on it with a data storage framework which supplies access to verified and reliable information.
KYVE will serve as an additional data provider for our Apollo pallet, which is an MEV-resistant oracle. Oracles in general provide a critical service in the DeFi space, acting as primitives underlying more advanced functions by providing feeds of data such as prices. Apollo also has the added benefits of protecting against frontrunning and allowing applications to determine their own risk and price models.
About KYVE
KYVE Network has a vision to build the most efficient decentralized middleware of Web 3.0. To serve this vision, the company introduced KYVE in June. As part of this announcement, the team shared its goal of helping projects achieve infinite scalability by reliably and permanently storing their data.
About Composable Finance
Composable Finance is a cross-layer and cross-chain interoperability platform for Layer 2 Ethereum and Polkadot/Kusama.
