This collaboration integrates Supra Oracles’ innovative approach to data aggregation and Byzantine fault tolerance with Boba Network’s Layer 2 scaling solution.

Key Features of Supra Oracles’ Deployment:

• DORA Protocol: Supra Oracles employs the Distributed Oracle Agreement (DORA) protocol, ensuring that all honest nodes reach consensus on a single value, known as the Supra-value or S-value. This protocol is designed to function effectively even in the presence of Byzantine faults.
• Tribe-Clan Architecture: The system utilizes a tribe-clan structure, where clans, formed from tribes, are responsible for data aggregation and consensus. This architecture enhances the system’s resilience against Byzantine faults.
• Commodity Sharding: To efficiently manage data from various commodities like BTC/USD or ETH/USD, Supra Oracles divides responsibilities across different clans, enabling scalable and efficient data processing.
• Fallback Protocol: In scenarios where normal operations are disrupted, a fallback protocol is activated, involving the entire tribe in the data aggregation process to ensure continued reliability.
• Multiple Aggregators: The system employs multiple aggregators to prevent potential delays or issues caused by Byzantine aggregators, ensuring continuous and reliable data processing.
• Randomization Techniques: To prevent collusion and enhance security, Supra Oracles incorporates randomization in assigning data sources and commodities to clans.
• Anomaly Detection: The system includes mechanisms like circuit breakers and history consistency checks to detect and manage anomalies in data.

About Boba Network

Boba Network is a multichain layer 2 optimistic rollup platform, enhancing blockchain interoperability and efficiency. Compatible with Ethereum Virtual Machine (EVM) tools, it supports major blockchains like Ethereum and BNB, offering faster transactions at significantly lower costs. Its HybridCompute™ technology merges Web2 capabilities with blockchain, enabling advanced decentralized applications through off-chain computing and real-world data integration.

Website | Twitter

About SupraOracles

SupraOracles combines traditional financial markets with Web3. Its goal is to provide a powerful cross-chain oracle to the developer community. SupraOracles enables interoperability smart contracts to guarantee the future of financial markets by integrating real-world data into public and private chains. The ability to create, deploy and manage data applications that are faster, more agile, and more resilient is also provided by this technology.

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Deploying on Boba will offer additional value to SUSHI holders through the xSUSHI revenue sharing mechanism. Which deposits protocol fees from swaps and borrowing as additional SUSHI tokens bought from the market. Existing liquidity providers can also move to Boba to obtain larger farming yields. As Sushi is coming to BobaNetwork.

Boba Network and Sushi have committed to providing liquidity mining rewards for a year post-deployment to bootstrap liquidity and usage. The deployment will help Boba diversify its DEX offering and attract new liquidity.

What will Sushi and Boba Network will offer?

• Legacy Swap: Legacy Swap is an AMM (automated market maker) decentralized exchange. Allowing users to swap cryptocurrencies without a central authority.
• Kashi: Kashi is a lending and margin trading platform, built on the BentoBox, allowing anyone to create customized and gas-efficient markets for lending, borrowing, and collateralizing a variety of DeFi tokens, stable coins, and synthetic assets.
• BentoBox: Also referred to as Bento, this token vault generates yield for the capital deposited into it.
• Furo: Furo is a decentralized payments streaming platform that allows any DAO to automate their contributor payments and their token vesting schedule.

“Sushi is one of DeFi’s OGs, so naturally we’re excited to welcome it to Boba. Both Boba and Sushi users will benefit from this integration, as the Boba community will get to use some of the most trusted DeFi products out there, while the Sushi ecosystem will tap into new liquidity, new users, new developers, & new communities. — Alan Chiu, CEO of Enya, the core contributor to Boba Network”

“We are excited to deploy our product suite to Boba, which allows us to serve an ever growing user base with all the dApps a DeFi user needs. We can’t wait to make Sushi scalable. — Sarang Parikh, lead developer at Sushi ”

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About Boba Network

Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the Boba Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. They offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities.

Website | Twitter

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About Sushi

Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven platform.

Website | Twitter

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SOURCE: BOBA NETWORK BLOG

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Key Boba Network highlights

• Low transaction costs: Boba Network offers significantly lower gas fees than those on Ethereum, by using its Optimistic rollup technology.
• Offers smart contracts scalability: This helps developers build dApps that can create and interact with Solidity smart contracts while using familiar wallet functionalities while benefiting from the native security of L1.
• Secured by Ethereum: Boba Network works as a child chain within Ethereum relying on its own consensus and security mechanism as an Optimistic Rollup Layer 2 protocol.
• Makes hybrid computation easier: Boba Network allows Ethereum developers to execute code on web-scale infrastructure. Allowing them to implement sophisticated algorithms more accessibly, in a process that would be otherwise quite challenging or impossible to perform on L1 chains.
• Helps in NFT bridging: Users can mint, move and sell their NFT assets between L1 and L2 or between different L2 solutions, making the development of NFTs easier and more convenient.
• Fast exit: Boba network offers quick exits backed by community-driven liquidity pools. This reduces L2 to L1 exit time to a few minutes instead of the usual duration of around seven days.
• Boba Bridge: transfers assets from Ethereum to Boba and between other L2 blockchains.
• DAO Governance: with its $BOBA token the network is also supporting governance with its decentralized autonomous organization, Boba DAO. Boba Network Integrates with Frontier, It also offers rewards and equivalent voting rights for BOBA tokens staked on the network.

About Frontier

Frontier is a multi-chain, non-custodial DeFi wallet where you can buy, store, transact, swap, and invest in tokens and NFTs. Available on iOS and Android, you can easily earn passive income on your crypto by staking or supplying assets in DeFi apps. The Frontier Wallet app offers a secure mobile interface that lets users easily access a range of DeFi features with direct connectivity with dApps across chains.

Using Frontier, users can also track wallets, collect & manage NFTs and get push notifications on any transactions. Adding more chains and simplifying access to Web3, Frontier Wallet aims to make DeFi more accessible for the next billion users.

Website | Twitter

About Boba Network

Boba Network is a blockchain Layer-2 scaling solution and hybrid compute platform offering lightning-fast transactions and fees up to 60x less than Ethereum.

The Boba Network Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts that allow developers and creators to leverage off-chain compute and real-world data to offer an enriched experience unlike anything else on the market today.

Boba Network delivers a faster, cheaper, smarter experience for Ethereum’s next billion users.

Website | Twitter

SOURCE:

https://blog.frontier.xyz/boba-network-frontier/

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Boba Network recently became the first multichain blockchain execution layer, working with multiple EVM-compatible networks. Initially, Boba Network is operating as a scaling solution for Ethereum, Fantom and Moonbeam networks. As part of their mission to provide a seamless user experience and onboard blockchain’s next billion users, Boba will be delivering immediate performance improvements and connecting Web2 and Web3 applications and services through Hybrid Compute.

They announce that DIA has integrated its open-source oracle infrastructure with the Boba Network’s testnet. This new update enables developers on Boba to begin building and testing a wide variety of DeFi and NFTfi applications reliant on high-quality, transparent and crowd-sourced price data feeds.

Thanks to Boba Network’s Hybrid Compute platform, Web3 applications can be deployed and run in an efficient environment. Where DIA will be able to feed them with accurate and transparent market data. This will allow DIA to power dApps on Boba L2 with a number of DeFi use cases including stablecoins, staking, yield aggregators, as well as NFTfi use cases.

With DIA’s data and oracle infrastructure deployment, dApps on Boba Network’s EVM-compatible ecosystem will have access to price feeds of 2k+ digital assets, 20k+ traditional assets, 18k+ NFT collections and a range of lending rates, FX rates, and other data feeds.

About DIA

DIA is a cross-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the crowd-sourcing, validation and sharing of transparent. DIA data is simultaneously at a trade level from multiple on-chain and off-chain sources.

Website | Twitter

About Boba

Boba Network is a multichain blockchain Layer-2 scaling solution and hybrid compute platform claiming to offer lightning-fast transactions and fees up to 60x less than Ethereum. Its Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts. It allows developers and creators to leverage off-chain compute and real-world data.

Website | Twitter

SOURCE:

https://medium.com/dia-insights/hello-boba-network-dias-oracles-live-on-boba-testnet-b94b16e7c365

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