This partnership ensured more security, scalability, and flexibility for the Alpha DeFi ecosystem.

They announce the newest collaboration with Alpha Venture DAO on Homora’s launch on the Optimism network. Band Integrates Alpha Venture DAO, Optimism’s rapidly growing ecosystem and its endeavor to become the leading Layer 2 chain has enticed Homora V2 to onboard Optimism as its first ever Layer 2 chain. Band Protocol’s latest collaboration with Homora V2 is a testament to our ongoing long-term partnership with Alpha Venture DAO as we strive to contribute to the development of the Web3 ecosystem.

The track record of providing secure, fast, and robust price feed over the years, combined with ambition to provide impeccable service to Homora V2 is why Alpha Venture DAO have decided to team up with Band Protocol on this latest project.

How does Band support Alpha Venture DAO’s Alpha Oracle Aggregator?

Data Oracle is the foundation and backbone that determines the level of security and validity of DeFi protocols. The rapid growth and development in the DeFi space over the years have provided Data Oracle providers with numerous new challenges to overcome. Band Protocol is proud to continuously evolve, adapt, and pioneer new solutions. To meet the current and upcoming needs of DeFi protocols and other projects that aim to revolutionize Web3.

This latest integration will support Alpha Venture DAO’s Alpha Oracle Aggregator, an oracle aggregator that helps to verify aggregated real-world data and APIs. The Alpha Oracle Aggregator is a flexible and customizable oracle solution that utilizes Band Protocol’s framework. More specifically, this integration will support Homora V2’s price feed for lending assets on Iron Bank.

About Band Protocol

Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship oracle solution aggregates and connects real-world data and APIs to smart contracts. It’s enabling smart contract applications such as DeFi, prediction markets, and games to be built on-chain. 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.

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About Homora

Homora V2 is DeFi’s first lending and leveraged yield farming platform built by Alpha Venture DAO. It is currently available on Ethereum, Avalanche, Fantom, and now Optimism.

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SOURCE

https://medium.com/bandprotocol/band-continues-to-support-alpha-venture-dao-on-homora-v2s-launch-on-optimism-ff78cb4ab931

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