API3, a supplier of decentralized and quantifiably safe data feeds for blockchain apps, has introduced its latest partnership with Royale Finance, a cross-chain DeFi answer for the iGaming business.
Royale Finance, which raised $1.45 million in January of this 12 months, permits iGaming platforms to be bootstrapped with Net 3.zero liquidity utilizing the safety and transparency of blockchain know-how.
API3 + Royale
The iGaming business is one which historically suffers from very low ranges of belief. API3 can be offering Royale’s iGaming companions with entry to on-chain value data to find out alternate charges; which permits them to show clients are paying the right alternate fee.
With information recorded on a blockchain, this permits clients to confirm that they weren’t overcharged when exchanging digital belongings to fiat on Royale Finance’s iGaming companions. The power for blockchain to supply an immutable, open, document creates a novel alternative to eradicate the necessity to belief even typical Net 2.zero functions.
API3’s Airnode permits this document to be made with out having to belief a third-party oracle supplier; permitting clients to see precisely the place the info is sourced from. API3 may also leverage Airnode-enabled APIs to supply different information sources to Royale Finance; together with serving to Royale Finance monitor the USD peg of stablecoins which are staked.
“For Royale, the transparency that API3 seeks to create suits completely into the Royale ecosystem. The primary get together API3 oracles that are operated by the API suppliers permits for a tamper free ecosystem that may not be compromised. I’ll genuinely admit to being a fan and can’t wait to combine API3 into our beloved Royale Kingdom and past.”
— Giorgio Andrews, CEO of Royale