Ojo formally succeeds Orion, Umee’s original V1 cosmos oracle responsible for over one million daily transactions
NEW YORK–(BUSINESS WIRE)–Umee, a DeFi protocol enabling seamless cross-chain borrowing and lending of digital assets, announced the launch of Ojo, a new oracle chain for the Cosmos ecosystem. Ojo replaces Orion, Umee’s successful V1 oracle, which has grown to average over one million daily transactions and has served as the foundation for other Cosmos oracles.
Ojo utilizes Orion’s successful price feed infrastructure, while integrating new safety-enhancing data feeds – covering metrics, including historical pricing, moving averages, and proof of reserves + proof of liabilities – to create the first ever oracle capable of holistic risk assessment. Through Ojo, Umee will allow institutions to partake in blockchain borrowing and lending with the immutability and transparency expected from DeFi, and the risk assessment features required by traditional financ
We współpracy z: https://thenewscrypto.com/umee-to-launch-the-ojo-chain-an-oracle-for-the-cosmos-ecosystem-with-first-of-its-kind-defi-risk-assessment-features/
