Supra, a Layer-1 blockchain, is expanding its oracle protocol to include real world assets like FX currencies, equities, and commodities. This move is aimed at revolutionizing financial markets and bringing diverse decentralized applications to the forefront. The integration of RWA asset support via the DORA 2.0 release will provide accurate price data to over 80 blockchain networks, paving the way for new use cases across various blockchains. The Moonshot consensus mechanism powering Supra ensures fast performance and security for its data feeds, solidifying its position as a leader in the industry. Real World Assets (RWAs) have the potential to transform traditional financial markets by tokenizing assets like fiat currency, stocks, and commodities on blockchain. These RWAs enable fractional ownership, increased liquidity, and accessibility for retail investors, making them an attractive option for DeFi projects. With Supra’s RWA oracle price feeds, dApps on multiple blockchains can access real-time RWA prices and explore new financial opportunities like synthetic assets and derivatives. The collaboration between Supra, Plume, and Silver Koi emphasizes the commitment to enhancing the potential of RWAs in the Web3 space. Supra’s integration of RWA price feeds addresses the growing demand from users in the DeFi community, highlighting the importance of bringing real world assets to the blockchain. Advocates of both DeFi and traditional finance are optimistic about the future of RWAs and the innovation they can bring to financial markets. Supra, Silver Koi, and Plume are at the forefront of these developments, working together to drive the growth of RWAs and enhance the value they bring to the ecosystem.
Article Source
https://www.financemagnates.com/thought-leadership/supra-expands-oracle-price-feeds-to-real-world-assets/amp/
