Kylin Network is proud to announce a long term strategic partnership with PolkaFoundry to help drive oracle scripting and data feeding parameters with respect to their DeFi production hub.
Almost every non-trivial dApp needs to connect to the external, off-chain world for data, events, and intelligence. As PolkaFoundry is a production hub for DeFi, they are committed to providing dApps with reliable, high-quality, and real-time data.
Through the Kylin Network protocol, open lending platforms on PolkaFoundry can connect to real-time price feeds and reliable credit checks to automate loan decisions. Decentralized insurance dApps can query for real-world incidents like flight delays for automatic insurance payment. Prediction markets can get instant results on sports events or connect to reliable randomness sources to finalize prediction results.
The strategic partnership will strengthen the positions of both PolkaFoundry and Kylin Network as the critical building blocks for DeFi and Web3 applications on Polkadot. Both teams will work on libraries, documentation, and guidelines to make it easy for developers to start building dApps.
Thi Truong, CEO of PolkaFoundry:
“Kylin’s data infrastructure is the missing piece of PolkaFoundry. Data oracles are critical components for the PolkaFoundry ecosystem, and we are very careful to select only the best ones to integrate. Kylin Network’s advanced technologies and concepts are very promising. We are super excited to bring their services to PolkaFoundry’s dApp developers.”
Dylan Dewdney, CEO of Kylin Network:
“In addition to providing another avenue for data feeding and oracle services, we allow the context for PolkaFoundry’s many dApp builders to easily access and setup data feeding/oracle scripting by providing the context for extending and validating the default capabilities of OCWs in Substrate. This synergy will allow dApp builders on PolkaFoundry to more easily and (relatively) effortlessly call basic oracle services and data feeds and also set up the context for further revenue generation with PolkaFoundry. PolkaFoundry, in turn, allows us to extend our reach to more dApp builders on Polkadot.”
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
- 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/
PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools available for DeFi experiments, innovations, and real-world solutions. Taking advantage of the interoperability and scalability of Polkadot as well as integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the mass.
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