Shadows Network Partners with Kylin Network

Kylin Network is proud to announce a comprehensive and strategic partnership with Shadows Network, a foundational project in the Polkadot ecosystem through engineering synthetic assets. By integrating price data feeds from Kylin Oracles and using Kylin Data Analytics RESTful API tools to perform analytic functions, Shadows Network will benefit by driving robust and comprehensive results for some of its functions like stablecoin collateralization and debt conversion.

Shadows, which uses Off-Chain Worker (OCWs) functionality, will engage with Kylin’s architecture and platform (which provides both an extensibility to the functions of OCWs as well as an infrastructural validation layer) to provide a ready-made solution to easily call the validated price and data feeds of their choice, thus accurately capturing the value of the synthetic assets within Shadows Network.

Ted Shao, COO and Co-Founder of Shadows Network:

“Kylin is the most advanced decentralized data feeding protocol in the entire Polkadot ecosystem, and partnering with the platform will help us to maximize the potential of our new network. The synergies between Kylin and Shadows will ensure both platforms make a valuable contribution to Web3, as we usher in a new era in open finance and trustless value exchange.”

Dylan Dewdney, CEO of Kylin Network:

“We are super excited to work on this partnership in a specific way — as it relates specifically to the use case potential we envisioned for Kylin Network to provide an excellent and robust avenue for oracle scripting and data feeding for various Substrate-based projects looking to take advantage of OCWs. Really looking forward to partnering with Shadows as we synergize our respective work on Substrate.”

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

About Shadows Network

Shadows Network is the first project looking to bring synthetic assets to Polkadot’s interoperable Substrate framework. Synthetics enable any real world asset to be represented and traded on-chain. This includes synthetic stablecoins (xUSD), cryptocurrency (xBTC), commodities (xGold), and stocks (xTSLA).

Contact Shadows Network

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

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