Squid Stake To Integrate with Berry Oracle
On November 17th, we are excited to announce than Berry Data and Squid Stake reached a partnership on technical and business aspects. Berry Data will assist Squid Stake to integrate with Berry Oracle. Both projects will work together on co-mining and joint NFT activities in the future.
About Squid Stake
Squid Stake is a decentralized yield farm aimed at providing high passive income through select farms and pools via Stable Pegged APR (SPA). Through the constant buyback and forming of LP for $SQUID token and incentivising models such as liquidity mining, Squid Stake is dedicated to growing the platform through a sustainable tokenomics model that is semi-deflationary in nature while ensuring high sustainable yields for stakers.
In short, stake your assets here and get rewarded with high APY/APR by choosing to stake with us! We are able to maintain a sustainable emission rate because of our unique tokenomics. When you stake your tokens with us, you get rewarded in the form of $SQUID tokens that is emitted from our contract. Squid Stake is built on Binance Smart Chain instead of Ethereum network because of the low gas fees for transactions which allow yield farming to be more efficient.
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.