Royale Finance Partners with Kylin Network
Kylin Network is extremely pleased to add yet another DeData ecosystem partner to our ever-expanding constellation of use cases: Royale Finance. Royale Finance is a a cross-chain De-Fi solution for the iGaming industry — iGDeFi; their user-centric platform creates Web 3.0 smart-backed liquidity that allows iGaming entrepreneurs to bootstrap innovation with the security and transparency of the blockchain.
The success of iGDeFi lies on several pillars, one of the key ones being provable fairness, which is why Kylin is pleased to offer Verifiable Random Function (VRF) services to their platform. In addition, Kylin will provide the Royale platform with price-feeding oracle functionality and the opportunity to co-innovate on valuable oracle scripting parameters. In the near-term, this will enable their platform to always have up-to-date data and offer the right APY, and in the long-term, it provides a possible path to lucrative revenue generation for any oracle scripting parameter that Royale could develop (e.g. potentially calling validated data feeds that are valuable to various iGaming entrepreneurs).
Dylan Dewdney, CEO of Kylin Network:
“We are thrilled to be working with Royale Finance to help power and drive some important functionalities of their platform, most principally, via random injection and VRF, and also providing great, cost-effective price-feeding oracle services. That said, we are even more excited to help further develop other use case parameters in concert with their team and help open up the possibility of further revenue generation and/or valuable sources of data consumption on our network.”
Giorgio Andrews, CEO Royale Finance:
“Integrating the Royale ecosystem is an opportunity to expand and validate our use cases. Royale is building the first iGDeFi platform that will enable iGaming companies to test their innovation. We are proud to be part of this journey, and we are looking forward to integrating Kylin solutions in future iGaming projects. Creating a trustless ecosystem has always been our objective. Kylin partnership is a step forward to this vision. Being able to provide such competitive services to our future partners is crucial in our development. Moreover, Kylin powering our Royale platform is also a huge benefit since it will enable Kings and Queens to make the right decisions with the most precise information.”
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/
About Royale Finance
Royale Finance is an industry-focused decentralized lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming returns, uncorrelated to DeFi crypto assets but powered by base layer DeFi protocols, we call iGDeFi.