DApp developers on IOTA’s Ethereum Virtual Machine (IOTA EVM) can now leverage the power of real-time and accurate data thanks to a recent integration with Supra Oracles. This collaboration promises significant improvements for the burgeoning RWA (Real-World Asset)-centric Decentralized Finance (DeFi) ecosystem built on IOTA.
Frictionless access to accurate and timely data is crucial for dApp builders. From enabling real-time decision-making in DeFi applications to ensuring smooth smart contract execution and improving user experience, reliable data feeds are the backbone of a robust DeFi ecosystem.
By integrating Supra Oracles, SUPRA Labs addresses this critical need. This integration strengthens the project’s commitment to delivering efficient and dependable products, ultimately enriching the capabilities of dApps built on the IOTA EVM.
Supra Oracles: A Powerful Building Block
Supra Oracles acts as a critical building block in bolstering the network’s resilience. By seamlessly incorporating verifiable real-time data into smart contracts, developers gain the tools necessary to construct robust and high-performing dApps.
As a first-party oracle service, Supra focuses on providing efficient and reliable solutions for various DeFi applications, including Decentralized Exchanges (DEXs), lending protocols, and derivatives platforms. Notably, Supra boasts support for over 85 networks, including popular chains like BNB Chain, Ethereum, Optimism, and Sui, ensuring near-instantaneous price updates.
Enhanced Uptime and Uninterrupted Service
The integration of Supra’s oracle services grants the IOTA EVM access to a crucial infrastructural component. This introduces redundancy, fostering uninterrupted uptime – a pivotal factor for a thriving DeFi ecosystem. This partnership empowers developers with the tools required to create innovative solutions, ranging from sophisticated trading systems to comprehensive financial services platforms.
Unlocking a Multi-Chain Future
The integration of Supra’s oracle services unlocks a new era of possibilities for multi-chain operations and cross-platform collaborations. This move marks a significant step forward in SUPRA_Labs’ mission to build a robust and thriving ecosystem for the next generation of developers, innovators, and DeFi users.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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