MonetaSwap to Integrate with Berry Data Oracle
Berry Data X MonetaSwap
On June 9th, MonetaSwap integrated Berry Data oracle, a transparent community-veriﬁed price oracle on BSC. MonetaSwap will use Berry Data technology to provide users with secure and stable data feeds. The integration will not only allow MoentaSwap to get trustless and decentralized alternative for off-chain data, but also provide connectivity to other projects in the Berry Data eco-system.
MonetaSwap aims to provide an economic experiences through automatic donation of profits to maintain constant flow in the LP. Every time a transaction is being initiated, a smart contract will be evoked by profiters to donate back to LP.
The donation is used to buffer the shrinkage and exhuastion of the liquidity pool when a profitable holder leaves the market It also provide stability, increase liquidity and reduce slippage.
MonetaSwap has four key features: Community Driven, Automatic LP, Burn Mechanism, and DAO.
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 as 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.