SupraOracles is partnering with Beyondfi, a decentralized synthetic product trading platform. Thanks to this collaboration, SupraOracles will be able to provide unlimited access to effective DeFi strategies.
Beyondfi synthetic exchange, which intends to be the most modern and most user-friendly DEX in the DeFi market, allows the creation of synthetic assets that mimic the value of real assets such as fiat money, commodities, and digital currency.
Beyondfi has developed a new strategy by combining automated market makers with the standard Bid/Ask order book method. When Bid/Ask order and AMMS are combined, a DEX with reduced margins emerges, there is no slippage and it has the same liquidity depth as an AMM. One of the prominent differences of Beyonfi is that it can execute all the features found in centralized exchanges such as limit orders, stoploss/ take profit levels, and leveraged transactions in a completely decentralized manner.
Beyondfi synthetic products follow the underlying price of the asset. Beyondfi’s tokens get back every product and the collateralization rate for the secured BYN token pool to support its products is 300%. Users will deposit BYN guarantees to the pool shared by Beyondfi users to create a product.
Thanks to this collaboration, Beyondfi can benefit SupraOracles’ interoperability, precision, and security. . In addition, SupraOracles will help them build bridges between chains.
“Beyondfi’s is on a mission to reveal the actual potential of decentralized finance by giving its users complete exposure to digital assets. We are eager to collaborate with them. We anticipate that Supraoracle’s cross-chain advances will expand their project further.”-Joshua D. Tobkin, CEO and Co-founder of SupraOracles
SupraOracles enables interoperability smart contracts to guarantee the future of financial markets by integrating real-world data into public and private chains. The ability to create, deploy and manage faster, more agile, and more durable data applications is also provided by this technology.
Beyondfi is a decentralized synthetic product trading platform. This platform is where users can create and trade synthetic financial products. It unlocks the full potential of decentralized finance and derivatives without limits. Beyondfi enables users to exchange decentralized products without any limits, allowing people to fully understand the value of decentralized financing.