Band Protocol, the framework for custom oracles and a cross-chain decentralized oracle platform that provides access to more than 150 price feeds, has partnered with Equilibrium to secure stablecoins, lending, and synthetic assets on Polkadot.
Band Protocol is the latest oracle to integrate with our platform and add accessibility to price data on the open internet. Four oracles might seem like a lot, but there’s no such thing as a crowded party here — enhanced redundancy is the name of the game when it comes to navigating the volatile crypto market and security through mitigation of dependencies. DeFi projects like Equilibrium rely on price data coming from external providers, and the more oracles we can incorporate into our system, the better.
Why Band Protocol?