We are proud to announce the partnership between CHARLI3 and Vy-Finance to provide accurate price data feeds to help improve the standard of our platform, as well as deliver this data to off-chain sources.
We will also be working with VyFinance to develop new tools for the integration of their neural net, with our network. An example of this includes a derivative instrument for the management of impermanence risk across multiple liquidity pools. We are currently working on a proof of concept for this. In these exciting last few months before the Alonzo launch, we look forward to working with VyFinance, a company as passionate as we are when it comes to the power of DEFI and the Cardano ecosystem.
We here at Vy-Finance have a mission to bridge the gap between traditional payment infrastructure and the blockchain. Our goal is to bring the power of DEFI (decentralized finance) to the world! We strive every day to enable ordinary people to build the necessary skills needed to interact safely with DEFI. Vy-Finances ecosystem will be broken down into two layers — DEX (decentralized exchange) and AH (Auto-harvester). The DEX will contain liquidity provisions and an exchange. The AH is a neural net designed to manage liquidity provisions on behalf of users, by staking Cardano (ADA)
or VyFi (our native token) on our AHs’ smart contracts.
CHARLI3 is a decentralized oracle for the Cardano network that interacts with resources outside of the blockchain. CHARLI3 is a powerful intermediary using smart contracts to interface with off-chain data in an efficient and decentralized manner. By being native to Cardano’s blockchain, it will have the lowest barrier to entry for functioning as the standard decentralized oracle of all Cardano-based projects. CHARLI3 will be the clear choice for any project building on the Cardano blockchain.