SupraOracles partners with Spherium to power decentralized financial markets
SupraOracles is partnering with Spherium to deliver decentralized financial products that will drive the Web3 economy. Spherium is a DeFi ecosystem that encompasses a cross-chain DEX, lending protocol, and multi-chain wallet solution. Its cross-chain DEX, Hyperswap, includes the first-ever mobile AMM and a liquidity mining protocol.
Its lending platform, Hyperlend, derives interest rates from advanced algorithms that gauge supply and demand. The platform’s value proposition emphasizes maximizing upsides while minimizing risk. The Spherium ecosystem is currently built on Ethereum and BSC but will be deployed on Polygon (very soon).
SupraOracles will deliver fast, accurate, and secure price feed data to power Spherium’s DEX and lending protocol. Their data feed options also include interest rates, TradFi price feed data, the prices of physical goods on the secondary market, and other metrics that may be useful for Spherium’s current and future products.
Aanchal Thakur, CEO of Spherium, commented: “The advent of SupraOracles into the Spherium ecosystem will pave the way for an intrinsic development of DeFi as a whole. With the powerful cross-chain oracles and interoperable smart contracts implementation we are confident that this collaboration with SupraOracles will indeed bring new horizons of data interaction and trustless economy.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “SupraOracles and Spherium share the same values and agree on the importance of decentralized financial applications, which is why this partnership is so meaningful. As Spherium expands and evolves its offerings, SupraOracles will thrive to grow our data services to meet Spherium’s ecosystem needs.”
About SupraOracles
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Their vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Their project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with their developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
About Spherium
The Spherium Finance platform offers a complete suite of financial services comprising a universal wallet, token swap platform, money markets, and inter-blockchain liquidity transfer. Their platform will function as a global financial service provider, extending fundamental financial services to the unbanked.
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