Kylin Network Partners With Deficliq

KKylin Network is proud to announce a partnership with DefiCliq, a DeFi platform built on Polkadot Substrate, that aims to unify popular DeFi features like uncollateralized and collateralized lending, yield farming and staking in one place.

The need for oracle services and robust data sourcing to secure the reliability of Deficliq’s growing Defi platform cannot be understated; for Deficliq, the partnership will result in having a further layer of security and accuracy for their financial services, so users can refer to a higher level of trust and reliability of underlying asset prices.

Shantanu Kumar CEO:

“We are excited to partner with Kylin Network which will help to empower Deficliq finance with more reliable and secure Oracles. Kylin’s adept ability to consistently provide secure and reliable oracles is a great combination that will provide mutually beneficial outcomes for our respective platforms and communities.”

Deficliq is also keen to employ more advanced features of the Kylin network’s data marketplace and analytics functions to assess risk parameters. As Dylan Dewdney Kylin Network CEO explains:

“We are very pleased to be working with Deficliq to not only provide more robust and economical decentralized oracle services, but to explore other novel use cases such as helping them hew to a finer grain in assessing risk within their platform.”

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 hopes to provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.

Contact Kylin Network

About Deficliq

Deficliq is the first company to provide both collateral and unsecured loans for both p2p and traditional ways, with several features like DAO (off-chain governance), staking, interoperability in one place as a Polkadot Substrate Project and thus becoming a leading competitor in the fintech space.

Contact Deficliq

Building a Cross-chain Platform Powering the Data Economy on Polkadot

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