Berry Data and Flux Protocol Will Explore Lending Development
On October 22nd, 2021, Berry Data, a transparent community-veriﬁed price oracle on BSC, reached a partnership with Flux Protocol, a borderless lending protocol. Berry Data and Flux Protocol will collaborate on data security and provide users with better and safer lending services.
About Flux Protocol
Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are reality! Empowered by Conflux Network and developed by ZeroOne Universe, Flux provides a lending mechanism to adjust the interest rates of crypto assets in an automatic and decentralized fashion, incentivizing liquidity in the cryptocurrency market!
About Berry Data
Berry Data is a transparent community-veriﬁed price oracle on BSC (Binance Smart Chain). Berry Data provides a trustless and decentralized alternative for off-chain data. Also, it provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data.
Berry Data is an oracle system where parties can request the value of an off-chain data point and miners compete to add this value to an on-chain data bank, accessible by all dApps on Binance Smart Chain (BSC). The inputs to this data bank are secured by a network of staked miners. BERRY utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of Berry’s governance token, BRY, and a dispute mechanism.