Nervos’ all-inclusive dapp ecosystem is rapidly becoming a one-stop-shop for developers to universal dapps on. The Nervos Network being natively interoperable, comprises several cross-chain protocols and services, with the latest integration being with Band protocol, a decentralized oracle platform. This is the next chapter of oracle integration for Band Protocol as the service was previously integrated with the Nervos CKB layer one. Band’s oracle fits right into the Nervos ecosystem, offering an all-inclusive and cross-chain oracle service for blockchains without compromising security, reliability, or trust. Band’s secure, fast, and robust price feeds will empower data-driven dApps of all use cases by granting them access to reliable data.
Band Protocol offers a forward-compatible, blockchain-agnostic oracle that is secure and decentralized to bring real-world data into web3. To date, Band Protocol is integrated with over 25 platforms and serves an average of around 33,000 requests per day. As the Nervos ecosystem strives to become the universal access point for web3, Band’s integration adds another tool for dApps to flourish in a secure and decentralized way.
Band can aggregate and connect real-world data and APIs to smart contracts on Godwoken, further enabling DeFi protocols, prediction markets solutions, and games to be built on Godwoken without the need to rely on the single point of failure of a centralized oracle. Band also provides customization that is tailored to each project’s needs. An example is Hadouken, which will rely on Band’s oracles for its lending function. Hadouken will be the first dApp on Godwoken that will offer a DeFi hub for users to perform a variety of actions, including being able to lend out and borrow against their CKB and the ability to interoperate with tokens from other platforms like Ethereum and the Binance BNB Chain. Band allows Hadouken to function as intended by providing real-time, secure, and decentralized price feeds and off-chain data that are constantly served.
About Band Protocol
Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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