We are pleased to announce that we are joining forces with Polkadot-based DeFi engine, PolkaFoundry. It's quite rare that we cross paths with projects that share the vision of making DeFi seamless and simple by addressing the prevailing infrastructure limitations. Both Paralink Network and PolkaFoundry are committed to leveling up the DeFi ecosystem through cutting-edge technology solutions that can drive the modern financial landscape.
While applications on blockchains have various limitations due to a lack of interoperability and cross-communication mechanisms, the applications' use cases are limited. Therefore, with this partnership, we aim to redefine the DeFi space by leveraging Polkadot to the best potential.
Nuances of the Paralink-Polkadot Partnership for a advanced DeFi ecosystem
This partnership will witness Paralink Network's oracle's integration into PolkaFoundry's top production hub to allow the developer community to access reliable and accurate data feeds. Moving forth, this partnership will serve as a foundation for future collaborations.
With data being a significant aspect in the world of blockchains, employing on-chain consensus to deliver a high level of security is important. This is a major attribute of the Paralink Network. PolkaFoundry will further employ Paralink's high-quality based randomness for the gaming, prediction, and lottery apps in PolkaFoundry's ecosystem. The integration will also create a seamless developer experience due to the high degree of intuitiveness employing the Paralink Query language.
Expressing about the partnership, Thi Truong, Founder and CEO of PolkaFoundry, said,
"When trying out Paralink, the thing that grabs my attention is its flexible and easy-to-understand Paralink Query Language. This inspires me a lot as we are also designing PolkaFoundry's standard Oracle Query Language that could be transpired to an oracle's query language that we support. Paralink is a gem that we can't resist integrating into PolkaFoundry."
Jan Knezevic, CEO of Paralink Network, said,
The idea of Paralink Network was to support developers by introducing the Paralink Query Language that can provide high degree of intuitiveness for developers. By integrating into PolkaFoundry's ecosystem , we aim to create a robust data infrastructure for Dapps allowing them to access reliable and accurate price feeds.
We will continue to foster strategic partnerships that will fuel the DeFi ecosystem. Collaborating with projects with the same capabilities will help in creating a decentralized future. With this partnership, we aim to expand our horizons into a broader spectrum of serving the developer community with ease.
PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools available for DeFi experiments, innovations, and real-world solutions. Taking advantage of Polkadot's interoperability and scalability and integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the mass.
About Paralink Network
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
Email: [email protected]