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Royale partners with Kylin Network for Polkadot Oracle services

Royale and Kylin Network will collaborate to guarantee data reliability within the Royale ecosystem.

Dear Kings and Queens,

Thanks to the partnerships we are building, Royale continues to move forward to the iGaming ecosystem we envision. Today’s announcement is no exception!

The success of iGDeFi lies on several pillars, and we have believed from day one that transparency is imperative in the iGaming industry. That is why, today, we are proud to announce the latest partnership with Kylin Network. This partnership is essential to Royale’s future development, as it evolves towards on-chain Verifiable Random Function (VRF) services.

Kylin, the cross-chain platform for the data economy

Data is an essential piece in the future development of blockchain technology. It triggers more complex transactions via smart-contract according to conditions. Kylin is a leading Polkadot-based platform providing much needed oracle services.

Kylin’s core function is to build an on-chain data warehouse where dApps will query data to trigger these transactions. Kylin is developing three products powered by its KYL token. All three aim at providing necessary tools for users to find the best data and ensure it is a reliable source of information.

The Royale Kings and Queens can benefit from Kylin price feeds for the Web 3.0 App and Verifiable Random Function (VRF) for iGaming companies.

Creating a trustless iGaming ecosystem

iGaming companies often need reliable and safe random number generation algorithms to power their platforms. With the Kylin partnership, future iGaming companies will benefit from the reliable random injection to power their games. Their users will then enjoy a game they can trust. Finally, Kylin will provide the Royale platform with price feeds. It will enable our platform to always have up-to-date data and offer the right APY to our Kings and Queens.

“We are thrilled to be working with Royale Finance to help power and drive some important functionalities of their platform, most principally, via random injection and VRF, and also providing great, cost-effective price-feeding oracle services. That said, we are even more excited to help further develop other use case parameters in concert with their team and help open up the possibility of further revenue generation and/or valuable sources of data consumption on our network.” Dylan Dewdney, CEO of Kylin Network

“Creating a trustless ecosystem has always been our objective. The Kylin partnership is a step forward to this vision. Being able to provide such competitive services to our future partners is crucial in our development. Moreover, Kylin services integrated into our Royale platform is also a huge benefit as it will enable our Kings and Queens to make the right decisions with the most precise information.” Giorgio Andrews, CEO Royale Finance

About Kylin Network

Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network hopes to provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.

Telegram: https://t.me/KylinOfficial

Twitter: https://twitter.com/Kylin_Network

Discord: https://discord.gg/PwYCssr

Medium: https://kylinnetwork.medium.com/

Linkedin: https://www.linkedin.com/company/kylinnetwork

Official website: https://kylin.network/

About Royale Finance 👑

Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming returns, uncorrelated to DeFi crypto assets but powered by base layer DeFi protocols, we call iGDeFi.

Website | Whitepaper | Telegram | Medium | Twitter | LinkedIn

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