WITH THIS LATEST PARTNERSHIP, EQUALIZER BRINGS FLASH LOANS TO THE OASIS NETWORK
Ecstatic to announce that Equalizer has partnered with Oasis Network, a privacy-enabled blockchain that is revolutionizing decentralized finance as we know it.
The DeFi revolution began with the Ethereum network, but it has now grown to encompass much more. Several blockchains address the issues that Ethereum and other older generation blockchains have. This is why DeFi is gaining traction across these next-generation blockchains, such as Oasis Network, which provide improved scalability, security, privacy, and a slew of other benefits.
Equalizer’s mission is to allow the functionality of simple flash loans across key blockchains that are advancing DeFi principles and applications. With this partnership, it will be possible to tap into Oasis Network’s expanding DeFi economy and ensure that network members can easily get flash loans through a dedicated service provider. Users will be able to employ flash loans for various objectives, including arbitrage, collateral swapping, liquidations, and portfolio rebalancing, by easily obtaining them for a minimal charge.
Iulian Nita, Equalizer’s project director, said they are at the start of the DeFi revolution, and flash loans have found their place in this new financial paradigm. Given the growing interest in flash loans, they feel they are ahead of the curve, and the integration with well-known blockchains like Oasis Network will undoubtedly provide them with the edge needed to stand out as a specialized flash loan service and currently to look forward to providing the best flash loan service to Oasis Network consumers.
The collaboration with Oasis Network and other blockchains will bring flash loans and Equalizer’s specific flash loan services to a larger audience, increasing demand for the platform.
Equalizer is filling a vacuum in the DeFi sector that is much needed, and they are confident that the services will greatly benefit Oasis Network customers.
About Oasis Network
The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy designed for the next generation of blockchain. The Oasis Network, with its high throughput and secure design, can enable private, scalable DeFi, reinventing open finance and bringing it to a wider audience than traders and early adopters. Its unique privacy features have the potential to not only redefine DeFi, but also to create a new type of digital asset known as Tokenized Data, which will allow users to take control of the data they generate and earn rewards for staking it with apps, resulting in the first-ever responsible data economy.
The Oasis Network, intended for the next generation of blockchain, is the first privacy-enabled blockchain platform for open finance and a responsible data economy. With its high throughput and secure architecture, the Oasis Network can allow private, scalable DeFi, revolutionizing open finance and making it accessible to a larger audience than traders and early adopters. Its unique privacy features have the potential to reinvent DeFi and produce Tokenized Data, a new form of digital asset that will allow users to take custody of the data they generate and receive incentives for staking it with apps, culminating in the first-ever responsible data economy.