PolkaFoundry partners with Kylin Network to provide high-quality Oracle data to its dApps

Almost every non-trivial dApp needs to connect to the external, off-chain world for data, events, and intelligence. As PolkaFoundry is a production hub for DeFi, we are committed to providing dApps with reliable, high quality, and real-time data.

Today, we are delighted to announce our strategic partnership with Kylin Network — a data infrastructure provider for DeFi and Web 3.0.

Through the Kylin Network protocol, open lending platforms on PolkaFoundy can connect to real-time price feeds and reliable credit checks to automate loan decisions. Decentralized insurance dApps can query for real-world incidents like flight delays for automatic insurance payment. Prediction markets can get instant results on sport events or connect to reliable randomness sources to finalize prediction results.

The strategic partnership will strengthen the positions of both PolkaFoundry and Kylin Network as the critical building blocks for DeFi and Web3 applications on Polkadot. Both teams will work on libraries, documentation, and guidelines to make it easy for developers to start building dApps.

“Kylin’s data infrastructure is the missing piece of PolkaFoundry,” said Thi Truong, Founder & CEO of PolkaFoundry. Data oracles are critical components for the PolkaFoundry ecosystem, and we are very careful to select only the best ones to integrate. Kylin Network’s advanced technologies and concepts are very promising. We are super excited to bring their services to PolkaFoundry’s dApp developers.”

“The thing I love about this type of partnership is that it highlights the infractural aspects of both of our projects. Indeed, in addition to providing another avenue for data feeding and oracle services, we allow the context for PolkaFoundry’s many dApp builders to easily access and setup data feeding/oracle scripting through providing the context for extending and validating the default capabilities of OCWs in Substrate. This synergy will allow dApp builders on PolkaFoundry to more easily and (relatively) effortlessly call basic oracle services and data feeds and also set up the context for further revenue generation with PolkaFoundry. PolkaFoundry, in turn, allows us to extend our reach to more dApp builders on Polkadot. It’s pretty awesome, to be honest,” said Dylan Dewdney, CEO of Kylin Network.

ABOUT KYLIN NETWORK

Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.

ABOUT POLKAFOUNDRY

PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools available for DeFi experiments, innovations, and real-world solutions. Our unique UX-enabling features bring the interoperability and scalability of Polkadot and Substrate to dApps through an intuitive interface, allowing users to seamlessly and securely access DeFi services and data, manage identities and store files.

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