We’re thrilled to announce that Matrixswap is joining forces with Kylin Network, the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot.
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. Kylin is able to supply accurate market information instantaneously in an environment where accuracy has been compromised before due to unreliable sources or slow processing rates.
Kylin’s innovative system provides an opportunity to access multiple, real-time sources of information with complementary data from off-chain workers which can be used in various ways like to identify fraud or improve machine learning accuracy by adding human intelligence on top of statistical algorithms.
Kylin’s oracle data allows for more transparency and precise data feeds for Matrixswap’s Virtual AMM futures market where traders rely heavily on accurate price feeds for funding rate calculations. Matrixswap understands the importance of receiving accurate index pricing on assets and has already begun to implement and utilize Kylin’s Oracle to further enhance its platform.
Matrixswap’s strategic partnership with Kylin will continue to foster more innovations and improve user experience as well as set the bar for other protocols to improve efficiency among online marketplaces well as increase their profits while decreasing unnecessary transactional costs for users.
The Kylin Network is designed to be the data infrastructure for future DeFi and Web 3.0 powered by Polkadot. The network will provide valid, reliable, secure information from cost-effective sources that can easily coordinate with each other in order to power a new global economy where anyone has access to any type of research they need without worrying about its validity or accuracy.
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