Konomi is a decentralized liquidity and money market protocol for cross-chain crypto assets. Using substrate as the development framework, the Konomi network aims to provide money markets for assets in the Polkadot ecosystem.
This partnership with Paralink will allow Konomi to utilize the multichain oracles and obtain reliable data sources and pricing for the assets in the platform.
Unique features of the Paralink-Konomi
Paralink is a parachain with oracle quorums for Polkadot, providing reliable and trustworthy data sources to other parachains, such as real time price feeds for decentralized markets.
Paralink is thrilled to collaborate with Konomi and support their network integration to Paralink Nodes. The integration of Paralink will allow Konomi to obtain cross-chain assets pricing and real world data for the money market starting from DOT/KSM pairs .
The Paralink oracles will use Konomi native token for fees and thus, making it seamless integration.
Konomi is a full suite asset management solution for cross-chain crypto assets. Users could manage their crypto holding positions, trade assets and earn interest through decentralized money market products.
Paralink is a multi-chain oracle platform providing real-world data for blockchains. Without accurate, reliable and decentralized data feeds, blockchain applications such as prediction and derivatives markets cannot perform calculated actions as any corruption in price and data feeds can result in large financial losses.
Telegram Announcements: https://t.me/paralinkannouncements
Paralink Litepaper: https://docs.paralink.network/whitepaper/summary.html