ZUG, Switzerland, June 20, 2024, Chainwire
Supra, a fully vertically integrated Layer 1 blockchain equipped with Multi-VM support, on-protocol oracles, on-chain randomness, bridging and automation, is expanding the pricing catalog of its Oracle protocol to cover real-world assets (RWA) , including FX currencies. stocks, commodities and more. With the launch of RWA pricing, Supra continues to play a pivotal role in blockchain's transformation of financial markets.
RWA integration with DORA
RWA asset support is being introduced through the highly anticipated version 2.0 release of the NYSE Distributed Oracle Agreement (DORA), which provides accurate and reliable real-time price data of numerous traditional assets to over 80 networks. blockchain with a total measured finality of 600 to 900 ms. By doing so, Supra is paving the way for a new generation of diverse decentralized applications that will improve ownership, boost liquidity and increase access to traditional assets.
DORA 2.0 is the latest version of Supra's industry-leading oracle, and the introduction of RWA price feeds paves the way for new use cases enabled by currency, commodity and stock data on new and old blockchains, by while addressing challenges related to Byzantine faults and data. integrity for smart contracts in Web3 environments.
DORA Capabilities
Optimized for on- and off-chain use cases such as spot and perpetual DEXs, lending protocols, and payment protocols, DORA plays a key role in bringing real-world deterministic data to Layer 1 blockchains. and Layer 2.
Supra is powered by its innovative Moonshot consensus mechanism, which brings incredibly fast performance and strong security guarantees to your data sources. In its advanced global testing phase, Supra demonstrated Moonshot's ability to process 530,000 transactions per second in throughput, with an optimistic finality of 500 milliseconds and a full block finality of between 1.5 and 2 seconds, placing it very above most other consensus mechanisms.
Real World Assets (RWA) on Blockchain
RWAs have long been hailed as one of the most promising applications of blockchain. By tokenizing traditional financial assets such as fiat currency, stocks, derivatives, securities, commodities and bonds, RWA projects are bringing all the advantages and innovations in decentralization, security, interoperability and censorship resistance to transform these underlying markets.
For example, RWA tokens can be bought and sold without intermediaries, settled almost instantly on public blockchains, and interact with existing categories of DeFi applications such as lending protocols, all with greater transparency due to the immutability and verifiability of rails. the blockchain. RWAs also allow fractional ownership of assets such as real estate or works of art. In this way, RWA projects can increase liquidity in traditionally illiquid markets while making a new asset class accessible to retail investors.
Plume x Supra combines RWA and Price Oracle
With Supra's RWA oracle price feeds, dApps built on 80+ blockchain networks will be able to access RWA prices in real-time, enabling novel use cases such as synthetic assets, derivatives, and next-generation financial instruments that track the performance of traditional markets.
“Real-world assets are set to revolutionize the DeFi landscape, and we are excited to expand our catalog of price feeds to FX coins, stocks and commodities to accelerate the growth of RWAs with unparalleled access and accuracy in real-time data.” real across 80+ chains,” said Supra Co-Founder and CEO Joshua Tobkin. “Together with Plume and Silver Koi, we are committed to delivering cutting-edge solutions that enhance the potential of RWAs in Web3. RWAs in DeFi; we also ensure that our ecosystem is well equipped to take advantage of the immense value they bring,” Tobkin continued.
“Supra was the first oracle implemented in Plume and since then we have been working closely with the team to integrate novel price feeds from real-world financial markets directly with projects in the Plume ecosystem like Silver Koi,” added Eugene Shen, Co. -Founder and CTO of Plume Network. “We are building the first Layer-2 blockchain optimized for real-world assets here at Plume, and Supra's RWA oracles are an integral part of our offering. We have been consistently impressed with the technical depth and speed of innovation that Supra brings to the table. to RWA space.”
“The Supra Oracles play a crucial role towards this vision. Supra Oracles offer high-quality, low-latency data feeds for real-world assets on chain! Its cutting-edge technologies enable Silver Koi to integrate real-world data and provide a CEX-like perpetual trading experience.
“Supra has worked to integrate RWA pricing into its data oracle as a direct response to high demand from users ranging from network layers and DEXs to dApp developers and investors,” added Claire Chen, co-founder and CEO of Silver Koi. .
Proponents of both DeFi and TradFi are united in their optimism around RWAs, which are expected to reach all financial markets in the future and drive a new wave of innovation in both the investment and services industries. financial.
About Supra
Supra is a completely new blockchain that vertically integrates oracles, bridges, automation and randomness into a powerful Layer 1 with Multi-VM support. It is designed to give developers all the tools they need to build on a chain, enabling a new generation of Super dApps.
Supra is also a leading provider of Oracle pricing information and verifiable randomness on over 80 blockchains with Layer 1 security guarantees. Supra focuses on solving real problems for dApp developers and scaling Web3, powered by a developer toolset with extensive guides and whitepapers.
About Silver Koi
Silver Koi is leading the evolution of institutional trading by offering seamless on-chain trading, similar to CEX. In response to the growing demand for professional decentralized trading solutions, Silver Koi is building a specialized blockchain optimized for institutional order book volume on RWA derivatives.
About pen
Plume is the first modular Layer 2 blockchain dedicated to all real-world assets (RWA) that integrates asset tokenization and compliance providers directly into the chain. Its mission is to simplify the complicated implementation processes of RWA projects and offer investors a blockchain ecosystem to cross-pollinate and invest in multiple RWAs. Additionally, Plume enables RWA composability through its thriving DeFi applications, partnerships with cutting-edge technology providers like Supra, and access to high-quality buyers to increase the liquidity of all tokenized RWA.
ContactMarketThrough[email protected]
This article was originally published on Chainwire.
