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Supra Expands Oracle Protocols to Include Real World Asset Price Feeds

Supra introduces RWA price feeds to enhance blockchain financial markets, supporting diverse applications with real-time data across 80+ networks.
Published on 2024-06-20

Supra's Blockchain Innovation

Supra, a leading Layer-1 blockchain, is advancing its oracle protocol by integrating Real World Asset (RWA) price feeds. This integration includes FX currencies, equities, commodities, and more, revolutionizing blockchain's influence in financial markets.

DORA 2.0 and RWA Price Feeds

The introduction of RWAs is facilitated through the Distributed Oracle Agreement (DORA) version 2.0. This update offers precise real-time price data for traditional assets across more than 80 blockchain networks. With this, Supra is enabling a new wave of decentralized applications that improve asset ownership, liquidity, and access to traditional financial markets.

Enhancing Blockchain with DORA

DORA 2.0 is designed for both on-chain and off-chain applications, enhancing systems like spot and perpetual DEXes, lending protocols, and payments. Supra's Moonshot consensus mechanism provides high-speed performance and robust security, processing up to 530k transactions per second, with rapid finality rates.

Real World Assets on Blockchain

Tokenizing traditional assets like stocks, commodities, and bonds, RWAs can be traded with transparency and decentralization. This tokenization increases liquidity and accessibility, allowing fractional ownership and enhancing market participation for retail investors.

Collaboration with Plume and Silver Koi

Supra's RWA price feeds empower dApps across 80+ networks, supporting innovative financial instruments like synthetic assets and derivatives. Partnering with Plume and Silver Koi, Supra is enhancing the DeFi landscape by integrating RWAs with real-time data accuracy.

Future of RWAs in Financial Markets

The integration of RWAs is set to transform both DeFi and traditional finance, driving innovation in investment and financial services. Supra, along with partners like Plume and Silver Koi, is at the forefront of this transformation, providing essential tools and technologies to harness the full potential of RWAs.

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