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Konomi Network announces the project’s strategic partnership with MathChain, a Substrate-primarily based Level two blockchain. This partnership will enable MathChain to help Konomi in Parachain auctions, local community lending and portfolio integration, enabling substantial alterations in the Konomi technique.
Konomi is a decentralized cash market place protocol constructed working with Polkadot substrate. Konomi is operating to deliver actual-time currency markets across the Polkadot ecosystem, as effectively as scale and integrate into cross-chain networks. By introducing a versatile marketplace for cross-chain crypto assets, Konomi hopes to deliver an general much better consumer knowledge that is available irrespective of the user’s favored native network.
MathChain is a substrate-primarily based layer two blockchain that makes it possible for for broad adoption, simple market place entry and inclusion for diverse blockchain applications. The major product or service of the task is MathWallet, which has hundreds of thousands of customers about the planet.
MathWallet is a cross-platform crypto wallet that makes it possible for you to keep tokens from above 60 chains, such as BTC, ETH, Polkadot, Filecoin, EOS, Solana, BinanceChain, and Cosmos. The task supports multi-chain token exchange, multi-chain dApp storage, and operation for POS chains.
This partnership amongst Konomi Network and MathChain will enable Konomi Lend to integrate the Math portfolio for asset management. Konomi Lend will also include Math Tokens as a lending business enterprise and deliver an selection as a collateral base primarily based on local community management.
Another Konomi Network task, Konomi Oracle, will enable help Math tokens for price tag feeds. Konomi Oracle is a third celebration services that gives intelligent contracts with info from external sources. It is also the layer that queries, verifies and validates external information sources.
Partnering with MathChain will enable set up decentralized economic companies answers and increase efficiency for the two customers and owners on the Konomi platform.
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