TrustFi recently informed its users about the latest strategic partnership with Supra Oracles. The venture values collaborating and supporting projects, teams, and builders that aim for sustainable and safer DeFi operations.
Thus, its partnership with Supra Oracles seems viable and almost natural. The collaboration will see both ventures profiting from each others’ marketing, strategies, and communities. Supra Oracles is a well-known platform amid blockchain and smart contract apps as a next-gen cross-chain oracle solution provider.
It helps such applications to access off-chain data quickly, precisely, and securely. The fact that many blockchain networks are incapable of interoperability restricts their usability significantly. Supra Oracles brings cross-chain oracles and multiple closed-loop systems for these networks to collaborate with other blockchains and the outside world.
Generally, oracles lack accountability, transparency, price deviation, and delays. These problems impose severe hindrances in front of blockchain networks, making room for Supra Oracles to chime in and save the day.
Ever since its release in 2018, the Supra Oracles team has been trying to expand oracles and smart contracts’ capability to collaborate and unlock their optimal potential.
On the other hand, TrustFi has disrupted the DeFi sector with its multi-chain decentralized BaaS services. It boasts three primary products, namely:
- TrustFi Booster: Decentralized Community Driven Incubator
- TrustFi LaunchPad: IDO General Protocol with an insured framework
- TrustFi Farmer: AFP (Automated Farm Pools) Contract
All three products are a pivotal addition to the decentralized finance framework standing on Web 3.0. Their primary focus is initial crypto issuance along with community growth, DAO governance, and liquidity management. TrustFi believes that these factors will help them unlock DeFi’s full potential.
The venture recently released its update report to inform users about the results of recent collaborations. It did not take TrustFi long to add Supra Oracles to this list, which is expected to boost the blockchain and DeFi industry alike.