Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Pagla on February 10, 2022, 10:00:42 AM
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Flare has teamed up with Ola Finance to provide a broader range of DeFi solutions, including tailored lending networks. On Songbird, Flare’s canary network, Ola intends to create a loan network to deploy it on the mainnet eventually.
One of the company’s offerings is to provide its partners with loans as a service. The network is built using Ola Finance’s protocol; however, its partners become the owners once the network is implemented. Flare’s next-generation consensus, State Connector, and Flare Time Series Oracle enable it to interact with as many blockchains as possible, resulting in a robust cross-chain protocol that is genuinely decentralized, safe, and scalable.
Flare’s DeFi capabilities are expanding as a result of this relationship. Songbird and Flare-based projects will leverage Ola’s protocol to construct a lending network, making lending and borrowing services available to their customers.
More Information (https://cryptonews.net/en/news/defi/3133721/)