OctaFarm to Integrate with Berry Oracle
On January 31st, Berry Data and Octafarm reached a partnership, and Berry Data will support Octafarm with oracle services.
Octafarm is an auto-compounding yield aggregator on Binance Smart Chain (BSC) that seeks to streamline the yield farming lifecycle by automating the reinvestment process to maximize users retruns. Octafarm aims to be the easiest gateway for sophisticated and non-sophisticated users to access the world of DeFi yield farming in an automated, simple and safe manner. Octafarm is focused on building a fully-integrated DeFi ecosystem for both crypto natives and the mainstream population.
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.