Atmos Protocol X Flux Protocol Integration on Aurora Mainnet
Hey Aurora Labs and the NEAR Team community 👋
While we are in the process of onboarding into the Aurora ecosystem and working on the final development steps before the protocol launch, we would like to discover to our community more core cooperations with strategic partners!
Today let’s speak about Flux Protocol!
About Flux Protocol
“Flux launched their oracle on Aurora and Near Protocol in March 2022 and grew to the second largest oracle with over $3.85 billion in total value secured just eight weeks after launch. Flux is backed by top investors and has raised over $22 million from investors including Distributed Global, Coinbase Ventures, Coinfund, Reciporical, and more..”
Flux Protocol is an oracle solution that aims to make decentralized, high-quality data available to any protocol on any chain. Flux gives Data Providers a direct, secure means to push their data on-chain, and gives protocols & their end users a safe, secure means to use it.
About Atmos usage of Flux Protocol First Party Oracle
Since Atmos is an autonomous protocol that delivers stablecoin with the fractional-algorithmic model as a product, the Atmos team wishes to get the reliable and correct price data feed.
Atmos aUSD stablecoin backed by dual collateralization based on Target and Effective CRs, meaning that for every aUSD minting a user needs to deposit both USDC and native ATM token, we need to get a reliable price for USDC token.
This cooperation is highly important for the MVP Atmos product release and will be useful in the next development phases and reaching new milestones!
Follow us at:
< 🐦 Twitter > < 🤖 Discord > < 📝 Documentation >
Flux Protocol:
Twitter: https://twitter.com/fluxprotocol
Discord: https://discord.com/invite/wsNwx2N75B
Telegram: https://t.me/fluxprotocol
Do not miss previous Atmos articles:
