SORA network integrated the Band Protocol
14 Sept 2023
1 min read
Band Protocol has announced a significant integration to the SORA network, a multiverse economic order that utilizes on-chain governance to propose and fund goods and services.
A New Era in Decentralized Synthetics
Band Protocol has been integrated to the SORA network, a multiverse economic order that utilizes on-chain governance to propose and fund goods and services. This integration melds Band Protocol's robust, secure price feeds with the versatility of SORA Synthetics (XST) on Polkaswap.io, establishing a new benchmark in decentralized synthetic asset trading. This collaboration signifies a monumental step forward for our community, traders, and the entire decentralized finance landscape.
Leveraging the Power of Band Protocol’s Price Feed for SORA Synthetics
At the core of this integration is the deployment of Band Protocol's reliable data feeds. Essentially, SORA capitalizes on Band's price feeds to empower SORA Synthetics (XST) on Polkaswap.
Through this integration, SORA Synthetics (XST) seamlessly incorporates price feeds for over 30 diverse assets, ranging from cryptocurrencies and fiat currencies to real-world assets (RWA) such as gold and silver. This paves the way for users to mint any of these assets, facilitating the decentralized creation, holding, and trading of synthetic assets.