As Cardano and @Algorand are EVM-compatible too thanks to Milkomeda’s interoperability solutions, it is exciting that @SupraOracles will enable these ecosystems to use their cross-chain oracle network.
Currently, in beta testing on over 35+ testnets, the network is poised for mainnet launch in the second quarter of the year. Milkomeda A1 and C1 developers will soon have access to @SupraOracles ’ services, further expanding the potential of these thriving ecosystems
/2
SupraOracles is a decentralized oracle network that combines multiple data sources through a unique, Byzantine fault-tolerant architecture to ensure that false or malicious inputs don’t distort the data points published on-chain.
Financial price feeds are an obvious first use case for oracles and will help to continue the building of a robust DeFi ecosystem. But @SupraOracles plans to support many more inputs, including event data, live sports data, NFT floor prices, and more!
This gives…
/4
existing projects, like blockchain games, the ability to enhance their offerings (with VRFs) & allows developers to build exciting new protocols, like prediction markets, on top of Milkomeda C1 & A1!
Got an idea? Submit it to the Milkomeda Incubator!
Congratulations to the @SupraOracles team once again, and we can't wait to see what people begin building once their decentralized oracle network is on Milkomeda!
To provide transparency regarding Catalyst funding, we will be sharing monthly updates on our Project Catalyst proposals and their progress. Our first update is here. 🧵
🔥Solve Asset Fractionalization: Fund 9
When an asset is bridged to Milkomeda over different bridges, each bridge creates an alternate version of the same asset. Although representing the same thing, they can no longer be used together,e.g. combined in the same liquidity pool. /2
In this proposal, we have written smart contracts, called Canonical Smart Contracts, that solve the issue of fractionalized bridged assets by merging different versions of bridged assets into one canonical asset.
/3