SpiderDAO announces partnership & Future LaU (Liquidity as Utility) program with SupraOracles
August 31st 2021. SpiderDAO is happy to announce a new partnership with SupraOracles and in due course bring our LaU (Liquidity as Utility) program to their users and their wider community.
SupraOracle’s mission is to strive to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Their vision and driving mission since day one, in 2017, has been to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superb performance, robustness, and agility.
Their solution is both interoperable and extensible and lets their customers utilize real-time open data to standardize pricing across digital assets and digital security marketplaces that will also keep up with their evolving commercial needs.
The Keys to SupraOracles Innovation:
Parallel Processing, Threshold Cryptography, and Random Sampling
“Unitychain” is a multi-helix distributed ledger technology (MHL) structure with 2 or more intersecting blockchain strands whose blocks contain different network configurations of node membership, blockchain transaction data or arbitrary state
SupraOracle’s Real World solutions:
- As prices drop in the real world, there is a severe lag that is reflected in smart contracts due to the old oracle paradigm. Current oracle solutions are outdated and the industry standard is timed in the minutes
- SupraOracle can enhance the liveness of their customers’ applications with increased throughput enabled by their MHL. SupraOracle can provide 5–10 second on-chain refresh rates outperforming the best solutions on the market with up-to-date pricing that more accurately reflects the outside world.
- There are strong benefits for DeFi projects to get closer to the “data-faucet”. The closer you are to the “data-faucet” from a topology point of view, the lower the latency for the downstream processing. Thus, smart contracts on their Network “Live In The Future” compared to other chains.
The SpiderDAO/SupraOracle LaU Partnership:
Here at SpiderDAO, we are always looking to provide the very best in privacy solutions and utility for partners and their clients. Very shortly, there will be a unique opportunity for SupraOracle future token holders to fully secure their network connection through FREE access to SpiderDAO’s VPN service.
To obtain free access to the Spider VPN service, all end-users or future holders of the SupraOracle token have to do is participate in the upcoming SupraOracle liquidity (LaU) mining programs as soon as they are launched (watch for more dates and details here).
Quote from SupraOracle:
“It will be very exciting to partner with SpiderDAO’s team with their Liquidity as Utility (LAU) program and will be a great match because both companies strive to provide the best in privacy solutions. SpiderDAO’s move towards the Spider Decentralized VPN will certainly be one to follow.”
Quote from SpiderDAO”
“SpiderDAO is delighted to work with SupraOracle as they build out their extensive roadmap,” said Nathan Varty, CEO of SpiderDAO. “We look forward to being able to provide SupraOracle and their clients with industry-leading security and protection of their online privacy, as they help us build liquidity. We are excited to join up with SupraOracle as they build out their platform and attract a wider client base.”
SupraOracles is built by trusted veterans from the world’s leading institutions and revered blockchain projects. It is important to speak a common language, that is why we have interwoven our team’s wide breadth of high-performing business and cryptographic acumen into a single, cohesive goal. We aim to bring a solution to slippage, fair market value of digital assets, and oracle manipulation by securing the oracle layer.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi. Follow us and our progress while we solve the oracle dilemma.
You can Reach SupraOracle on:
SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organisations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism whilst creating a highly scalable, interoperable and stable governance system.
Reach SpiderDAO on: