Shadows Network Joins Forces with Kylin Network

The Shadows Network team is happy to announce our latest strategic partnership, with Kylin Network. A fellow Polkadot-focused project, Kylin is a cross-chain platform powering the data economy, and Shadows will henceforth leverage its reliable on/off-chain market data and social data sources for our synthetic asset issuance protocol.

By tapping into accurate price data feeds from Kylin Oracles, and utilizing the platform’s advanced Data Analytics RESTful API tools, our network will be strengthened by an order of magnitude. Kylin will prove instrumental in several of our fundamental processes, including stablecoin collateralization and debt conversion.

“Kylin is the most advanced decentralized data feeding protocol in the entire Polkadot ecosystem, and partnering with the platform will help us to maximize the potential of our new network,”

Said Ted Shao, COO and co-founder of Shadows Network.

“The synergies between Kylin and Shadows will ensure both platforms make a valuable contribution to Web3, as we usher in a new era in open finance and trustless value exchange.”

Kylin Network CEO Dylan Dewdney echoed these sentiments, saying:

“We are excited to work with Shadows Network to extend the use-cases we envisioned for Kylin Network: to provide a robust and efficient mechanism for oracle scripting and data feeding for various Substrate-based projects looking to take advantage of OCWs.”

About Shadows Network

Shadows Network aims to become a decentralized financial hub, enabling anyone to issue, lend, borrow and trade on-chain synthetic assets from anywhere in the world. While we are extremely confident in our ability to deliver a satisfying user experience, the addition of Kylin Network to our ecosystem will further support this objective.

Now, users can have the confidence of trading with accurate, up-to-the-minute price feeds integrated into Shadows.

For any questions, you can reach out via:

Website | Telegram | Twitter| Github | Weibo

About Kylin Network

Kylin Network is committed to facilitating oracle scripting and data feeding for other Substrate-based projects, and the team recently closed a private fundraising round after raising $2.7 million, with support from the likes of Longhash, Digital Finance Group and Master Ventures.

For any questions, you can reach out via:

Website | Telegram | Twitter| Medium| Discord

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Shadows is a hub for issuing, trading, lending and borrowing synthetic assets https://www.shadows.link/#/

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Shadows is a hub for issuing, trading, lending and borrowing synthetic assets https://www.shadows.link/#/

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