NEST PROTOCOL ANNOUNCES THE PARTNERSHIP WITH TRAVA FINANCE
NEST is happy to announce the partnership between Trava Finance and NEST protocol.
By using NEST price feeds with its decentralized oracle solution, Trava Finance is able to access nodeless, permissionless, secured price data needed to help verify the asset prices in the lending pool.
Trava Finance is a decentralized marketplace for cross-chain lending, providing a flexible mechanism with which users are able to establish and control their own lending pools to start their lending business. To assist in ensuring prices reflect global market situations and maintaining high security for the lending pool, Trava Finance uses NEST Oracle Model to help verify the pricing of assets in the protocol. Trava Finance demands utilizing a decentralized oracle to obtain price data off-chain and on-chain verification.
With the cooperation between Trava Finance and NEST protocol, users will receive a strong guarantee that the pricing of assets is supported by a decentralized foundation provided by NEST. NEST protocol and price model consist of critical attributes such as:
- Accuracy: Reflect the real market price
- Stable: Stabilized price information reduce risks
- Anti-attack: High cost to temper the price
About Trava Finance
Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. Trava is deployed on the Binance Smart Chain and allows for lending with BSC tokens first; Trava then enables cross-chain lending with various tokens on Ethereum and other blockchain networks.
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