|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gora Network and RociFi have announced a merger, combining their oracle solutions to create a robust and impactful project within DeFi. By leveraging Gora's performant price feeds and RociFi's expertise in credit scoring, the new "DeFi Risk Oracle" enables reliable collateral price feeds, wallet-level credit data, and faster product roadmap acceleration. This merger brings opportunities for both communities, including the integration of RociFi's EVM on-chain credit scores into Gora.Fi, an ERC-20 $GORA token launch, and a pilot project exploring unvested token lending in collaboration with Qoda Finance.
Gora and RociFi Merge to Revolutionize DeFi Risk Assessment
In a groundbreaking move that promises to transform the decentralized finance (DeFi) landscape, Gora Network and RociFi have announced the merger of their oracle solutions. This strategic partnership combines the strengths of both platforms to create a comprehensive "DeFi Risk Oracle," unlocking a new era of trust and transparency in the DeFi ecosystem.
A Catalyst for Innovation and Security
For over seven months, Gora's reliable price feed oracles have been instrumental in providing on-chain credit scores for EVM wallets on Algorand through its partnership with RociFi. This collaboration laid the foundation for the current merger, as both teams recognized the potential for an even more impactful solution by merging their capabilities.
The DeFi Risk Oracle seamlessly integrates Gora's performant price feeds, which ensure accurate collateral valuation even for longtail tokens, with RociFi's expertise in wallet-level credit scoring. This synergy allows projects to assess risk on an individual wallet basis, enhancing the accuracy and granularity of risk management.
Unleashing a New Wave of DeFi Use Cases
The DeFi Risk Oracle opens up a wealth of innovative use cases that were previously unavailable. Projects can leverage this powerful tool to:
- Implement Sybil-Resistant Governance: Ensure fair representation in voting processes, preventing manipulation.
- Offer Customized Borrowing Terms: Attract and retain high-value users with tailored interest rates.
- Target Airdrop Incentives: Reward the most active and engaged users within the ecosystem.
- Gain Transparency into Protocol Health: Monitor risk and solvency to make informed decisions.
Transforming RociFi and Gora
This merger operates under a 50/50 structure, with the $ROCI token seamlessly transitioning into the Gora Network ecosystem. $ROCI holders benefit from a 1:1 conversion to $GORA, unlocking exciting new opportunities:
- Node Operation and Staking Rewards: $ROCI holders can become node operators and earn attractive APR rewards through staking $GORA.
- Accelerated Product Roadmap: The RociFi community gains a nine-month acceleration of its product roadmap through integration with Gora's existing oracle network.
For Gora, the merger provides access to RociFi's robust capabilities within the EVM ecosystem, fostering wider multichain and DeFi adoption. This includes:
- Enhanced GoraFi Launch: Gora.Fi, the highly anticipated cross-chain platform, will leverage RociFi's expertise to implement fairer token distribution through EVM wallet information integration.
- **ERC-20 $GORA Token:** A tradable ERC-20 version of $GORA will be launched on EVM-compatible DEXs in early April, facilitating seamless conversion for $ROCI holders.
New Horizons in DeFi
The merger of Gora and RociFi is a watershed moment in the evolution of DeFi. It positions Gora as a leading player in shaping the future of DeFi and bridging the gap between decentralized and traditional finance.
Groundbreaking Pilot Project: Unlocking New Liquidity
To commemorate this momentous occasion, Gora and RociFi have collaborated with Qoda Finance on a groundbreaking pilot project that explores a novel use case in DeFi: unvested token lending. This project will unlock liquidity for early-stage investors and unlock new opportunities for lending protocols.
Conclusion
The merger of Gora and RociFi is a testament to the transformative power of collaboration in the rapidly evolving DeFi ecosystem. The DeFi Risk Oracle will revolutionize risk assessment, unlocking a new wave of innovative use cases and enhancing trust and transparency in DeFi. As the industry continues to evolve, Gora Network remains committed to providing secure, reliable, and decentralized data feeds to empower projects and shape the future of blockchain technology.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Banana Gun Hack: Cryptocurrency Trading Bot Confirms $3M Loss, Commits to Refund Users
- Sep 25, 2024 at 10:30 pm
- The Telegram-based cryptocurrency trading bot Banana Gun has confirmed a $3 million loss due to a hacking incident that targeted its experienced user base.
-
- WazirX Hacker Is Almost Done Laundering $230M Stolen Funds
- Sep 25, 2024 at 10:30 pm
- Whoever was behind India's biggest cryptocurrency hack is almost done laundering over $230 million worth of tokens, on-chain data shows.
-
- CELO Surges 25% as Vitalik Buterin Praises Project's Stablecoin Growth in Africa
- Sep 25, 2024 at 10:30 pm
- CELO, the native utility token of the Celo platform, surged around 25% to $0.68 after Vitalik Buterin, the Ethereum co-founder, praised the project's recent achievement in terms of daily active stablecoin addresses, data from CoinMarketCap shows.
-
- Ethereum's (ETH) Positive Cycle in a Bear Channel Aims to Reach $3,000 With a Bullish Pennant in the 4-Hour Chart
- Sep 25, 2024 at 10:30 pm
- With a bullish trend in the broader crypto market, Ethereum is scaling new heights and preparing to hit an overhead trendline.
-
- Deepcoin and TONX Host Exclusive Grand Party Event, "INTO THE DEEP", During Token 2049 Singapore
- Sep 25, 2024 at 10:30 pm
- The much-anticipated celebration took place during the evening on September 17 at the iconic CÉ LA VI SkyBar & Club Lounge
-
- Advisors' Personal Crypto Investments Are Growing, Which May Boost Client Allocations
- Sep 25, 2024 at 10:30 pm
- As per Bitwise CIO Matt Hougan, more and more leading US financial advisors are now investing in cryptocurrencies in their own capacity.
-
- Top 3 Altcoins to Buy in 2024 - Bitgert, Pepe Coin, and POPCat
- Sep 25, 2024 at 10:30 pm
- The US Fed rate cut has invited a positive movement for the crypto market and many believe that a massive bull run is not very far.
-
- SEC Extends Ethereum ETF Decision, Delays Market Impact
- Sep 25, 2024 at 10:30 pm
- The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Ethereum ETF options, initially expected by Sep. 26, now postponed to Nov. 10.
-
- Mt. Gox Repayment Rounds Cause Bitcoin Price Fluctuations, But Analysts Predict Bullish Cycle in Q4
- Sep 25, 2024 at 10:30 pm
- The start of Mt.Gox repayments in July caused significant price fluctuations in the crypto market due to uncertainty about how the funds would be used.