We are delighted to announce our integration with Band protocol, a decentralized cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Our partnership with Band protocol ensures secure and decentralized price feeds are provided on Chee Finance. This enables us to democratize access to DeFi products through secure permissionless lending and borrowing. Chee Finance will continue to work closely with the Band Protocol team on this integration.
What is Band Protocol?
Band Protocol is a cross-chain data oracle network that aggregates and connects real-world data and APIs to smart contracts. Blockchains enable immutable storage and deterministic, verifiable computations — but they cannot securely access data available outside their networks. Band is a high-performance independent blockchain explicitly built for oracle computations, including settlement, data sourcing, and aggregation secured by delegated proof-of-stake.
How does Band Protocol contribute to Chee Finance?
As a result of the price feed integration with Band Oracle, Chee Finance now has access to secure and decentralized price feeds, which helps us to facilitate supply and borrowing events with the appropriate safety buffer. Band price feed oracle helps reassure Chee Finance users that the protocol is protected from data manipulation and single points of failure.
Our Future Milestone with Band Protocol
Band Protocol looks forward to supporting Chee Finance on its mission to enable cross-chain collateral. With Chee Finance’s mission to build the best and most advanced lending and borrowing protocol, Band Protocol will continue to support Chee Finance as the main oracle provider. In addition, we will also explore other potential ways that we can work together to provide users with a safer, permissionless, and easy-to-use money market, ultimately further contributing to the decentralized financial market soon.
About Band Protocol
Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling 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.
About Chee Finance:
Chee Finance is a multi-chain money market with diverse web3 assets, such as ERC20 tokens, DeFi LPs, governance tokens, Staked tokens, and loan tokens. Chee Finance’s mainnets are live on Celo, Meter.io, BNB Chain, and Ethereum.