Bluzelle is extremely delighted to announce its upcoming partnership with WasabiX, a cross-chain yield backed synthetic asset and AMM DEX platform. This partnership will be instrumental in driving DeFi security and reliability striving towards a future decentralized internet.
Bluzelle, also popularly known as the AirBNB of Databases, is revolutionizing the DeFi & Web3 space through decentralized data networks providing greater security, scalability and privacy in the modern financial landscape. The comprehensive bundle of data storage and oracle solutions provides ecosystem partners with a one-stop solution for their data needs.
Importance of the Bluzelle — WasabiX Integration for mass adoption.
The next generation of decentralized financial primitives will need data in order to provide better security and increased protection to the users. Especially with the amount of activity on AMM based DEX platforms, accurate data feeds hold paramount importance.
The Bluzelle integration into the WasabiX ecosystem will witness utilizing decentralized data storage solutions along with oracle solutions. Bluzelle’s orcales are backed by its decentralized databasethat will simplify indexing pricing data. This is one of the major use-cases that drives increased utility of BLZ.
WasabiX will utilize Bluzelle’s decentralized oracle for on-chain activity involving minting, liquidation, realistic price data in the process of borrowing and lending, thus reinforcing data accuracy in the dynamic DeFi landscape. Bluzelle’s price feeds will further extend support to WasabiX’s synthetic tokens. Bluzelle’s robust security infrastructure, tamper-proof data solutions and greater scalability are some of the major aspects that creates strong resilience in times of malicious data threats or data corruption during flash loan attacks.
About WasabiX
WasabiX is a community-governed project providing cross-chain yield backed synthetic asset and AMM DEX platform. It operates on two chains including Ethereum and Binance Smart Chain. As a fully governed community project, the major changes to the protocol are backed by the community votes.
About Bluzelle
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability, and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a significant role.