API3 has introduced a brand new collaboration that showcases the combination of their Oracle Stack with Ionic’s cash market protocol on the Mode community. Collectively, this strategic collaboration guarantees to redefine the panorama of liquidity provisioning and utilization inside DeFi by merging the competence of Ionic’s monetary engineering, with the information integrity assurance offered by API3’s Oracle Stack.
Ionic – With its novel, decentralized, non-custodial cash markets per-asset protocol primitive; Ionic devotes itself to consumer fund security and effectivity. The protocol makes certain that with robust safety, privateness, and an unprecedented failsafe system for managing decentralized funds.
This partnership additional represents the shared objective to advertise monetary know-how and broaden capabilities for secure, decentralized cash markets.
Empowering Decentralized Finance with Superior Oracles
The combination of API3’s Oracle Stack permits Ionic to make the most of quite a lot of instruments and providers that improve the performance and enchantment of its platform. The Oracle Stack gives dependable, real-time knowledge feeds which can be important for the correct functioning of monetary protocols like Ionic, which provides dynamically adjusting rates of interest based mostly on real-time market liquidity.
That is necessary with a view to keep charges at a aggressive degree that are enticing and sticky for customers, whereas enabling the platform to effectively fulfill liquidity demand.
We’re thrilled to announce that @ionicmoney is utilizing the API3 Oracle Stack to energy LSTs on their cash market protocol on @modenetwork 🟡
Ionic is a decentralized, non-custodial cash market protocol that leverages complete safety monitoring & failsafe methods to make sure… pic.twitter.com/0gxZUAbnP6
— API3 (@API3DAO) June 21, 2024
Lastly, the supply of quite a lot of property from Mortgage Compensation Tokens (LRTs), to Mortgage Safety Tokens (LSTs) and mainstream cryptocurrency tokens makes Ionic distinctive in its useful design. That is supplemented by a novel revenue-sharing program that shares a part of the protocol’s earnings with the customers and aligns pursuits between the platform and its group.
Ionic additionally gives monetary innovation and what it phrases “one-click looping,” a strategy to make the method of taking leveraged positions extra accessible to the common consumer. This new characteristic, along with the premium knowledge stream of API3’s Oracles allows extra user-friendly and environment friendly buying and selling methods.