Band Protocol x Krystal Partnership
Band Protocol x Krystal announced strategic partnership to provide secure, decentralized oracles upon launch & into the future as the platform scales to be a one-stop-shop for all things DeFi within the rapidly evolving and growing industry.
Krystal, a new decentralized finance application consolidating all DeFi services under one roof including exchange aggregation, lending, and portfolio management built by the team behind KyberSwap launches with integration of Band Protocol oracles. The integration team at Krystal has integrated the Band Standard Dataset which provides price feeds for over 196+ symbols spanning across digital assets and foreign exchange — Band Protocol is the most widely used oracle on the Krystal platform.
The aggregation of decentralized exchanges and lending platforms is only the tip of the iceberg for Krystal. The team has many innovative features lined up including a DApp browser, liquidity provision mechanisms among many others kept in stealth (for now).
What is Band Protocol?
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as defi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
What is Krystal?
Krystal is a new decentralized application with an immersive and frictionless DeFi user experience designed to save users time, money, and effort by consolidating the best DeFi services under one roof. KyberSwap, initially incubated at Kyber Network as separate entities, maintains close ties to the Kyber Network ecosystem and has integrated the Kyber DMM protocol alongside other decentralized exchanges to bring substantial liquidity to users.
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