Equilibrium Partners With Band Protocol to Secure Cross-Chain Money Market and Synthetic Assets
Equilibrium, the first decentralized interoperable money market combining lending with synthetic asset generation and trading, has partnered with Band Protocol to integrate the Band Standard Dataset for over 150+ price feeds supporting crypto assets, commodities and foreign exchange to secure over $230M TVL. This integration also extends to custom data oracle creation on BandChain by the Equilibrium team, this means that new synthetic and collateral asset support can be implemented at speed using the flexible framework for customized oracles on BandChain.
“Using multiple oracles ensures that we retain an accurate view of the overall crypto market, as well as a fuller understanding of how to price assets within our DeFi platform. As a secure, scalable, and cross-chain decentralized oracle, Band Protocol will play a meaningful role in our mission to unlock DeFi’s full potential.”
— Alex Melikhov, CEO of Equilibrium
Built on Polkadot, Equilibrium offers a one-stop-shop with all the key DeFi primitives, to end market fragmentation and unlock maximum cross-chain liquidity. As one of the first oracles that Equilibrium will integrate into its multi-oracle price feeds, Band Protocol will help to secure reliable and accurate data on the DeFi platform and ensure support for the expansion into new assets as they scale.
“Equilibrium and Band are distinctly aligned on building blockchain-agnostic infrastructure. We’re happy to bring increased utility and reliability to the collection of price feeds that drive Equilibrium’s interoperable money market.”
— Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
Working together, Band Protocol and Equilibrium share the common vision of interoperability across blockchains, uniting cross-chain liquidity and capital to create a more accessible and widely adopted decentralized finance ecosystem supporting multiple assets.
About Equilibrium
Equilibrium is the first cross-chain money market on Polkadot and a one-stop shop offering all the main DeFi primitives, including a lending platform, a cross-chain DEX, margin trading, synthetic assets, perpetuals, native, USD-pegged decentralized stablecoins (EQD) and Equlibrium’s own utility token, EQ.
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About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as defi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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