Hello my friends, the developments in Amara Finance continue. If you are wondering what Amara Finance is, I recommend you to review my previous article…
This week I will inform you about two important partnership agreements…
Let's examine them…
Collaboration with Exnetwork Capital in the first place...
First of all, what is Exnetwork Capital… ?
Exnetwork Capital is an investment firm focused on financing innovation in the decentralization movement. Exnetwork Capital, a hybrid hyperconnected fund, ideas lab, and incubator, has been a key component in the success of numerous projects launched since 2018.
It has become a versatile organization that supports not only well-known configurations of blockchain organizations but also radical ones such as anonymous and distributed teams.
The team consists of Eric Su, a veteran creative, and Dric Yao, a crypto researcher and specialist operations manager, who have demonstrated the ability to identify passionate teams and help them achieve an exponential level of success for all parties involved. A network of allies augments the operation to deliver exemplary results not only in monetary value but also in knowledge.
Amara partners with ExNetwork Capital…
We are excited to announce that Amara Finance has acquired ExNetwork as a long-term partner. Amara Finance has three core products, AmaraLend is a multi-chain loan protocol focused on long-term assets planning to deploy on Moonriver. AmaraLink, a multi-point cross-chain bridge connecting Polkadot and the non-Polkadot world; AmaraPay is a globally responsive bulk payment gateway protocol.
Amara is a DeFi cross-chain protocol within the Polkadot ecosystem, Amara's potential is increasingly receiving the recognition it deserves in the crypto world, and with our partners like ExNetwork helping us deliver better DeFi solution to our users and community for the future. become even brighter and more cheerful. Amara Finance is a cross-chain financial aggregator for NextDeFi that bridges Polkadot and the non-DOT world, it will perform multi-chain distribution in the coming days and it is really encouraging to be with ExNetwork in the future!
Kevin is the Co-Founder of Amara Finance
Second; Integrating Chainlink's price feeds into Amara Finans asset loan…
First of all, what is Chainlink…?
Chainlink is the industry standard for building, accessing and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts that include a way to reliably connect to any external API and leverage secure off-chain computing to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming and other major industries, providing global businesses and leading data providers with a universal gateway to all blockchains.
After reviewing various oracle solutions, Chainlink offers the best set of mission critical features from Price Feeds…
High Quality Data ; Chainlink Price Feeds source from a large number of premium data aggregators that lead to price data collected from hundreds of exchanges, weighted by volume and cleaned of outliers and questionable volumes. Chainlink's data collection model generates more precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks such as flash loans.
Secure Node Operators; Chainlink Price Feeds are secured by independent, security-reviewed and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers and traditional organizations with a strong track record of high gas prices and reliability even in extreme situations.
Decentralized Network ; Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, creating strong protections against downtime and tampering by the data provider or oracle network.
Transparency ; Chainlink provides a robust reputation framework and on-chain monitoring tools that allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices offered.
We are excited to announce that Amara Finance has integrated Chainlink Price Feeds as the go-to prophetic solution for AmaraLend, a multi-chain loan protocol focused on long-term assets on Moonriver. By integrating the industry-leading decentralized oracle network, AmaraLend will have access to high-quality, tamper-proof price feeds that provide our users with stronger assurances that the crypto assets on the lending service are priced accurately and reliably.
Initially, AmaraLend will support KSM-USDT and DOT-USDT Chainlink Price Feeds, with further integration planned as demand for long-term asset loans grows.
AmaraLend is a multi-chain loan protocol that focuses on long-term assets by selecting quality assets and creating a distinctive innovation loan market. While mainstream market assets remain segregated from innovation markets assets, AmaraLend leverages Chainlink Price Feeds to help secure smaller assets through robust collateralization and liquidation calculations.
AmaraLend focuses on long-term assets that have more volatility than mainstream assets. Their susceptibility to market manipulation requires us to have higher standards for price feeding services. Fortunately, with highly accurate and available data, secure infrastructure and a seamless integration process, Chainlink Price Feeds enables AmaraLend to provide users with secure long-term asset loan services with a high degree of security and reliability.
Kevin, Co-Founder of Amara Finance
Yes, my friends, as you can see, Amara finance continues to progress without slowing down. If you are interested, I recommend you to follow…