✈️Paralink Network Partners with Deficliq to integrate its Multi-chain Oracles.🏋️♀️ A Polkadot Substrate Project, Deficliq is the first company to provide both collateralized and uncollateralized loans through both p2p and traditional ways, with features like DAO(off chain governance), staking and interoperability. Deficliq’s mission is to democratize the lending market.
👨💻Paralink is a multi-chain oracle platform providing real-world data for blockchains. A parachain with oracle quorums for Polkadot, Paralink provides reliable and trustworthy data sources to other parachains, such as real-time price feeds for decentralized markets.
🤝Through this partnership, Paralink Network's oracles will be integrated into Deficliq for reliable data feeds and assets pricing for collateralized and uncollateralized loans, as well as other offerings such as off chain governance, staking and interoperability.
💼 Without accurate, reliable and decentralized data feeds, Deficliq cannot offer its loans or any other financial products because the smallest error in pricing data could lead to massive financial losses.
Integration of Paralink’s oracles will thus increase the efficiency of Deficliq platform and steer it towards wider adoption
Read more about the partnership:
https://blog.paralink.network/paralink-partners-with-deficliq/Spread the word:
https://twitter.com/ParalinkNetwork/status/1384120620661678085?s=19Join discussions:
https://t.center/paralink_networkStay ahead on latest updates:
https://t.center/paralinkannouncementsVisit our Website:
https://paralink.network/