Kylin Network is proud to announce a comprehensive and strategic partnership with Equilibrium. By integrating price data feeds from Kylin Oracles and using Kylin Data Analytics RESTful API tools to perform analytic functions, the partnership with Kylin will mark a major cornerstone for both projects to collaborate toward becoming mutually beneficial anchor platforms within the Polkadot ecosystem.
Alex Melikhov, CEO of Equilibrium:
“DeFi projects like ours rely on accurate asset prices in order to manage user positions and maintain normal operations. In our case we have to consider dynamic pricing models, facilitate risk management, trigger margin calls, and more. A diversified lineup of oracle providers guarantees a secure and redundant price feed.”
Dylan Dewdney, CEO of Kylin Network:
“Equilibrium is rapidly developing the world’s first decentralized interoperable money market. We are extremely encouraged by the work they have been doing within Polkadot and we share their overall long-term vision of the creation of a DeFi cross-chain platform. To drive this platform, they will need the most comprehensive and cost-effective data validation layer possible: Kylin Network. We look forward not only to providing Equilibrium with oracle services, but also in co-incubating interesting use cases and innovations within and between our respective projects, extending to ideas about #DeData and querying/analytics.”
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
Contact Kylin Network
- Telegram: https://t.me/KylinOfficial
- Twitter: https://twitter.com/Kylin_Network
- Discord: https://discord.gg/PwYCssr
- Medium: https://kylinnetwork.medium.com/
- Linkedin: https://www.linkedin.com/company/kylinnetwork
- Official website: https://kylin.network/
Equilibrium is the first decentralized interoperable money market having already deployed a successful platform and stable coin solution for the EOS-ecosystem. Building on Polkadot, Equilibrium will provide a cross-chain platform that combines pooled lending with synthetic asset generation and trading.