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Luna DEX joins force with Band Protocol to empower Solana-based decentralized exchange and beyond

Publish by lunadex at 12 November 2020

 

LunaDEX, a fully decentralized exchange built on the high-performance, permissionless Solana Blockchain Platform together with a decentralized automated full limit order book of Serum DEX, strategically partners with Band Protocol - a leading cross-chain data oracle platform aggregating and connecting real-world data and APIs to smart contracts.

“Strategically partnering with Band Protocol and integrating its price feed helps LunaDEX build a secure, robust, high-performance decentralized exchange and DeFi applications which will serve millions of users in the near future. We are exploring more collaboration opportunities to implement the vision of capturing unaddressed demand in DeFi and bring the best experience to users.” - Vinh Nguyen, Co-Founder of Luna Network

Luna DEX has already possessed a powerful backend and deep liquidity supported by 8 core innovations of Solana platform and Serum. However, in order to ensure to perform as the best exchange to meet all diverse needs in fast-changing crypto space, Luna DEX integrates with Band Protocol to take advantage of highly scalable and flexible oracle technology for the launch of spot trading in the upcoming weeks and margin trading as well as decentralized applications such as lending and derivatives in the near future. 

With the integration, Luna DEX is enabled to access decentralized price data for over 125 crypto tokens, 14 foreign exchange rates from reputable crypto price aggregators, crypto exchanges, and premium APIs for foreign exchange rates providers through Band Protocol Oracles. Now, a huge amount of  information and price data on Luna DEX can be processed and cross - verified through up to 12 unique and remarkable data sources and which are aggregated  into a single high-quality, robust and tamper-proof price datapoint to empower informed decisions for our  users when performing any transactions. 

“Band Protocol is excited to strategically partner with LunaDEX, our first Serum and Solana DApp integration, to provide secure price oracles for spot trading and the wallet interface. We look forward to supporting the team as they launch a DeFi product suite covering margin trading, lending, insurance and derivatives. ” - Soravis Srinawakoon, CEO & Co-Founder of Band Protocol

Thanks to this partnership, Luna DEX is enriching its features as well as enhancing its reliability and accuracy to provide users the most valuable information and price data, while LunaDEX users can put their mind at ease when using the exchange with informed decisions based on such transparent  and trusted price information that is built to navigate away from dependencies and centralization risks. 

Together with Band Protocol, Luna DEX is exploring opportunities to implement the vision of capturing unaddressed demand in DeFi and bring optimal returns and best experience to users.

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About Band Protocol

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. It enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github

About Luna DEX 

Luna DEX is a fully decentralized exchange empowered by the high-speed, low-latency, and low-cost layer 1 Solana Blockchain and integrated with Serum's efficient automated on-chain limit Order Book. It deploys a user-friendly interface along with a wide range of differentiated functionalities to optimize the user experience in cryptocurrency trading. 

Luna DEX is a vital part of Luna Network - a suite of DeFi products aiming to capture unaddressed demand in DeFi and bring the best experience to users. 

Website | Docs | Telegram | Twitter | Blog 

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