SupraOracles announced a partnership with Sigmadex, a decentralized, cross-chain and multi-asset marketplace governed by its community. Sigmadex is an open-source, balanced decentralized economy that combines game theory, decentralized financial infrastructure, and blockchain technology to produce the ultimate automated liquidity protocol. Sigmadex allows the community to control its protocol variables using its native SDEX token.
Sigmadex understands the importance of decentralized gaming, especially for individuals who depend on it as their primary source of income. As such, their DEX solution is built with infrastructure designed to maximize the benefits of currency transactions created by the decentralized gaming ecosystem.
Sigmadex ensures that investors looking for passive returns but with a lower risk threshold have a place in DeFi due to its high level of interoperability, security, and ability to provide LPs with amplified margins. Due to the lower risk of becoming an LP in the ecosystem, Sigmadex will inject more liquidity into DeFi. This means that any DeFi project using the Sigmadex liquidity protocol will have more liquidity in the market. This effect will increase the persistence and overall viability of startups, while also securing early backers of the project from popular DeFi scams such as carpet pulling and front-running.
SupraOracles will provide Sigmadex implied volatility data on-chain so that liquidity settings can be adjusted to reduce impermanent losses. The sigma risk engine will use SupraOracles for collateral changes. With SupraOracles data and pricing feeds, Sigmadex will be able to examine the current state of the derivatives market from multiple independent sources, resulting in stronger algorithms backed by high-quality data.
Adrian Radulescu, CTO of Sigmadex, said:
Joshua D. Tobkin, CEO and co-founder of SupraOracles, said:
Joshua D. Tobkin, CEO and co-founder of SupraOracles, said:
About SupraOracles
About SupraOracles
SupraOracles hope to bridge the gap between traditional capital markets and web3. Our goal is to provide the developer community with a breakthrough oracle toolset with improved performance, robustness, and agility, enabling them to easily build, deploy, and manage data applications.
Our team consists of consensus mechanism design, randomness research, real-time data services, investment banks, digital securities, traditional stock exchanges, big data experts, doctoral scholars, four major consulting, blockchain/DLT and DeFi.
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About Sigmadex
Sigmadex is an open-source, balanced decentralized economy that uses game theory, DeFi, and blockchain technology to create the ideal automated liquidity protocol. It removes the requirement to trust any intermediary, prioritizes decentralization, and is governed by the community.
Join the Sigmadex community:
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