Razor Network partners with MOAR to provide decentralized Oracle data to power the smart contracts of MOAR’s cross-chain DeFi protocol
MOAR is the best description of a capital-efficient, cross-chain decentralized lending platform. MOAR provides traditional finance instruments as options and interest rate swaps, into the DeFi world to create a borderless lending platform. MOAR seeks to solve constraints that increase the barrier of users entry into DeFi, which include limited asset liquidity, high gas costs and create a one-click , one-stop, DeFi platform for mass adoption.
One thing that is necessary for the effective functioning of MOAR’s DeFi platform is accessing secure and reliable price feeds for different assets in Crypto. Other centralized Oracle providers are available but the solution they proffer are not totally reliable because they are print to failures occuring from human interference. A very reliable DeFi platform would need a decentralized oracle network that is free from the influence of any centralized authority, as the provider of verified real-world price feeds.
MOAR has chosen Razor’s decentralized oracle network to provide reliable, secure and verified data feeds to smart contracts that bring to life its array of DeFi applications.
Razor Network implements an end-to-end decentralized and trustless Oracle network. Razor ensures maximum game-theoretical security by punishing the malicious nodes and rewarding honest nodes. Also, Razor’s oracle solution is blockchain agnostic and has already been integrated by several major DeFi and blockchain projects, including Polygon, Elrond, Litentry, and Injective Protocol.
MOAR is making use of Razor’s oracle network to get price feeds of some crypto assets. Also, since Razor’s solution will enable MOAR to generate a variety of cross-chain derivatives beyond simply retrieving price feeds since its blockchain agnostic in nature. For example, Razor’s compatibility with blockchain networks such as Polygon, Elrond, and Algorand will allow MOAR to retrieve specific data from a multi-chain (and layer two) environment.
“Razor allows MOAR to access data from the real-world and from non-Ethereum chains. Both these sources of information are crucial to MOAR’s goal to be a cross-chain lending platform, allowing to fine-tune its risk parameters and provide proper asset valuation.” — John Liu, Project Lead of MOAR.
The partnership will also aid MOAR to access through the Razor oracle network, off-chain data points relative to derivatives’ risk calibration. Parameters for risk tolerance require off-chain data points, such as FX rates, interest rates, and even equity index levels. Through this union, MOAR can now feed the off-chain data points rapidly to its platform, calibrating derivative and risk scores across chains well.
Speaking about the partnership, Hrishikesh Huilgolkar, CEO of Razor Oracle Network, said, “In the exponentially growing DeFi industry, MOAR is well set to become a distinguished player. Razor is glad that MOAR has chosen our decentralized oracle network to provide reliable and secure real-world data to bring to life their various DeFi offerings. This is a testament to Razor’s growing popularity and repute among both established and upcoming DeFi players. We are hopeful that our association will help MOAR achieve their vision effortlessly and create a world-class DeFi experience for traders.”
MOAR is a derivative-aware, cross-chain, and operationally safe lending protocol embedded with accessible financial tooling and derivatives primitives. Built on the latest version of Solidity, MOAR can handle ERC-721 (the token for NFTs and frequently used for derivatives), and fully supports UNION Finance’s C-OP instrument for collateral optimization natively. MOAR will emphasize a user-friendly front-end, replete with features like one-click capital-optimized borrowing and yield strategy access, a proprietary liquidation program, embedded derivative support, DEX integration, structured credit products, interest rate swaps, term deposits, and cross-chain connections to BSC and Polkadot.
About Razor Network
Razor Network is a decentralized Oracle network, which provides secure and reliable real-world data feeds for various blockchain-based applications and services, such as Decentralized Finance, Identity, Insurance, Prediction Markets, and so on. Razor’s performance is superior and more secure than traditional centralized oracle services, as Razor relies on a network of Validators for verifying data authenticity and ensures maximum game-theoretical security. Moreover, Razor is blockchain agnostic and can be easily integrated by developers working on a range of blockchain networks.
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