Paralink and Shield Finance are partnering to integrate further Multi-Chain Oracle solutions!

Paralink Network is pleased to announce that it has entered into a close partnership with Shield Finance. Shield Finance is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events.

The integration of the multi-chain oracle solution from Paralink ensures that the Shield Finance platform receives both secure price feeds and can import real data from official sources as well as from third parties. In addition, Paralink will also be a strategic partner at Shield Finance’s side, so that the ecosystem and relationships are promoted in the best possible way.

Applications that require the highest degree of security can use Paralink’s on-chain consensus algorithm, running on Polkadot Substrate.

In-depth integration of Multi-Chain Oracles for Shield’s ecosystem

Through this collaboration, Paralink’s multichain oracles will be integrated into Shield Finance’s ecosystem, ensuring reliable and accurate data feeds. The integration of Paralink’s multichain oracle solution ensures a more efficient and stable platform infrastructure.

As we described earlier, Paralink Networks’ purpose is to collect, validate, aggregate and interpolate real-world datasets and feed them into smart contracts on Ethereum and Polkadot.

The integration of our solution into the Shield ecosystem offers the possibility of accessing Paralink’s on-chain consensus algorithm, running on Polkadot Substrate, for applications that require the highest degree of security.

About Shield Finance

Shield Finance is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. We are currently integrating multiple insurance providers to provide our users with reduced slippage and expansive coverage.

About Paralink

Paralink Network offers a multichain oracle platform for DeFi and other blockchain applications. Applications that require the highest degree of security can use Paralink’s on-chain consensus algorithm, running on Polkadot Substrate. Paralink’s flexible node design allows developers to query for real-world events, sports, weather, random numbers and more. Developers can create custom queries using Paralink Query Language and connect smart contracts with traditional APIs within minutes.