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 info integrity assurance supplied by API3’s Oracle Stack.
Ionic – With its novel, decentralized, non-custodial cash markets per-asset protocol primitive; Ionic devotes itself to person fund security and effectivity. The protocol makes positive that with robust safety, privateness, and an unprecedented failsafe system for managing decentralized funds.
This partnership additional represents the shared purpose to advertise monetary expertise and broaden capabilities for protected, 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 offers dependable, real-time knowledge feeds which are important for the correct functioning of economic protocols like Ionic, which provides dynamically adjusting rates of interest based mostly on real-time market liquidity.
That is necessary to be able to keep charges at a aggressive stage that are engaging 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 techniques 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 neighborhood.
Ionic additionally offers monetary innovation and what it phrases “one-click looping,” a option to make the method of taking leveraged positions extra accessible to the typical person. This new characteristic, along with the premium knowledge stream of API3’s Oracles permits extra user-friendly and environment friendly buying and selling methods.
