Band Protocol Partners With Waves Protocol To Power DeFi

Band Protocol has secured an important partnership with Waves Protocol blockchain system on Jul 08, in order to boost DeFi / other crypto segments on the blockchain and contribute to Web 3.0 development through integration of Band’s decentralized data oracles.

1/ 🔷 Band Protocol has strategically partnered with @WavesProtocol, completing the integration of $BAND decentralized and customizable oracles for various DeFi and Web 3.0 applications in the Waves ecosystem. 🔷🚀https://t.co/10Djsz4unS— Band Protocol (@BandProtocol) July 8, 2020

The developers and users can now take advantage of Band Protocol’s proprietary oracles to connect to any off-chain/on-chain data source or APIs. The Band Protocol decentralized data oracles are built for flexibility, modularity and scalability. Initially, BTC/USD, ETH/USD, WAVES/USD oracles are available, with an update time of 5 minutes.

“Band Protocol has been working in-hand with the Waves team to secure the bridge from decentralized applications to external data sources and APIs, growing both project ecosystems towards adoption driven by security and scalability. We are always proud to deeply support leading blockchain platforms that face the oracle problem and require a scalable real-time solution.” Soravis Srinawakoon, CEO & Co-Founder of Band Protocol

“Waves aspires to provide the tools to build cutting edge solutions that solve existing implementations issues in the blockchain ecosystem, most notably these include scalability and security. In combination with Band Protocol’s decentralized oracle network that offers end-to-end flexibility for developers, near-instant finality, and fractional data request fees, we’re enabling the creation of next-generation applications that has never been seen before.” Sasha Ivanov, Founder of Waves

About Waves Protocol

Launching mainnet in 2019, the Waves Protocol is a secure high transaction speed blockchain platform for Web 3.0 applications, DeFi and other DApp uses, using the RIDE programming language. Its programming language is easy to write, shows predictable behavior and has zero failure rate for transactions.

About Band Protocol

Band Protocol is a cross-chain (multiple blockchain compatible) decentralized data oracle project that provides and manages real world / event data to smart contracts. It enables the provision of secure and reliable feeds, which are tamper resistant and don’t have a single point of failure. The project is backed by leading organizations such as venture capital Sequoia Capital and the cryptocurrency exchange Binance.