Bondly Finance is excited to announce a collaborative effort with Paralink Network, a multi-chain oracle platform for DeFi applications, to usher in mainstream DeFi adoption.
How will Paralink and Bondly Collaborate?
Bondly will utilize Paralink as a data oracle around digital assets. Bondly’s new product solutions will incorporate Paralink oracles into its products, including a market-leading suite of DeFi products. Paralink’s oracles will play an important role in Bondly’s product offerings including BondSwap, Bondly’s DeFi enabled Over-the-Counter (OTC) product that allows easy peer-to-peer digital asset trades.
Paralink price feeds will allow Bondly to access secure and reliable price data on assets held within OTC pools. The price feeds will also provide trackable valuations for NFT art, social media accounts, and a multitude of other digital assets bought, sold, and traded using Bondly’s core products. Accurate price data can also enable Bondly customers to make reliable decisions on OTC trades without ever leaving the Bondly app.
Brandon Smith, CEO of Bondly, stated, “This integration with Paralink will allow Bondly users to access on-chain price reference data and various other external data points to improve information quality for users of our products.”
“We look forward to working with Bondly to access reliable prices for digital assets to bring DeFi closer to mainstream adoption,” said Paralink CEO, Jan Knezevic.
Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products is designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BondProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.
Paralink seeks to bring the utilization of real world data in crypto applications to the mainstream through its easy-to-use PQL language, its flexibility and its lower cost compared to competitors. Paralink is now embarking on its next stage of growth by growing awareness in the community around the ability to use PQL to access real world data and create a myriad of crypto applications. In order to join in on our conversation, please join our Telegram group here: https://t.me/paralink_network.
Paralink offers real world data ingress for modern cross-chain applications and is powered by Polkadot.