Fantom Launches BandChain Node to Affirm Strategic Partnership With Band Protocol
Fantom, a leading blockchain platform for secure and low-cost decentralized financial applications, has expanded their deep collaboration with Band Protocol to operate a BandChain validator node — actively participating in the data query process and increasing the degree of decentralization on the oracle network. Fantom has launched products with over $411M TVL including liquid staking and synthetic assets that are secured by Band Protocol oracles.
With the future of cross-chain DeFi constantly being innovated by Andre Cronje, Fantom’s DeFi Architect, we are excited to further our working relationship and will continue to support their team in the long-term.
“Band Protocol has proven to be the leading oracle for Fantom through action and technical diligence that is now almost securing half a billion dollars on the network. We are thrilled to become a BandChain validator, further align long-term incentives between both teams as we continue to integrate their scalable oracles on all Fantom Dapps.”
Michael Kong, CEO of Fantom
Both Fantom and Band Protocol community are able to delegate to the Fantom Foundation node on BandChain. With an additional 19 decentralized price feeds from Band Protocol now live on the Fantom Opera Mainnet, we look forward to sharing the developer documentation to integrate Band Oracles and showcasing the leading DeFi projects already integrating Band Protocol.
About Fantom
Fantom is a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol. The speed and low transaction costs make Fantom ideal for real world uses, such as payments, supply chain, and defi applications. Its technology is used in a pilot program in Afghanistan to help solve drug counterfeiting and is the first of many government initiatives the Fantom Foundation is pursuing. Fantom recently released Fantom Finance, an all-in-one defi suite for trading, lending, and borrowing directly from the Fantom Wallet. Users can supply the native cryptocurrency to mint fUSD, a US dollar pegged stablecoin.
For more information, please visit: https://fantom.foundation/
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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