Supra, a blockchain company based in Zug, Switzerland, has recently announced the expansion of their oracle protocol to include real world assets (RWAs) such as FX currencies, equities, and commodities. This move is aimed at revolutionizing the financial markets by bringing accurate and reliable price data to blockchain networks.
The introduction of RWA asset support is made possible through the Distributed Oracle Agreement (DORA) version 2.0 release. This update will provide real-time price data for traditional assets to over 80 blockchain networks with quick finality times, paving the way for a new generation of decentralized applications.
Supra’s Moonshot consensus mechanism, known for its high performance and security, will power the RWA price feeds. With the ability to process a high number of transactions per second, Moonshot ensures fast and secure data feeds for blockchain applications.
The integration of RWA price feeds into Supra’s oracle is a response to the growing demand from various users including network layers, DEXs, dApp developers, and investors. This move is expected to enhance the potential of RWAs in the decentralized finance (DeFi) landscape.
Collaborating with companies like Plume and Silver Koi, Supra aims to provide cutting-edge solutions for the growth of RWAs in the Web3 environment. By offering real-time price data for FX currencies, equities, and commodities, Supra is fueling the expansion of RWAs in DeFi and ensuring the ecosystem is well-prepared to leverage the value they bring.
Both DeFi and traditional finance advocates are optimistic about the future of RWAs. These assets are seen as a key driver of innovation in both investment and financial services industries, with the potential to transform every financial market in the future.
In conclusion, Supra’s efforts to integrate RWA price feeds into their oracle protocol mark a significant step towards unlocking the full potential of blockchain technology in transforming the financial markets. With the support of innovative technologies and strategic partnerships, Supra is well-positioned to lead the way in bringing real world assets to the blockchain industry.