The Oracle Flux to help develop the DeFi ecosystem is coming to Aurora.

Currently, the DeFi market is at the intersection of two main points, the first difference is that people move from the past of closed transport to open, reuse again. Compared to the past, the latter is more efficient, scalable and economical. The second difference is the rapid increase in the use of blockchain tools, which can be seen in payments, exchanges, deposits, and various smart contracts. These two changes opened multiple instances of the app to the DeFi app created at the top of the NEAR.

NEAR recently released a complete, EVM-enabled L2 solution that is not only affordable, but also lightning-fast. NEAR also announced $ 800 million in green funding to accelerate green development. In this context, NEAR's DeFi ecosystem is slowly developing. Developers are creating new applications for Ethereum every day and leading to a new era of distributed applications. The cost of participating in the Ethereum ecosystem is very high, making newcomers dissatisfied. However, the network benefits created by Ethereum are negligible.

In order to reach its full potential, a lighter, faster, and higher EVM level is essential, and this is where Aurora comes in.

Create DeFi 2.0

NEAR is one of the most respected blockchain architectures, and its unique design enhances the scalability of blockchain technology, which can drive adoption by many organizations. NEAR can provide the highest level of safety and care with the benefits of speed, safety and performance. NEAR has a fully decentralized network with industrial grade robustness, reliability and integrity, which is very convenient and easy to use.

Aurora is paying for Ethereum's insufficiency, facilitating the development of critical services for developers, and further opening up Ethereum's capabilities, providing a solid foundation for business operations, without trust. With the upcoming announcement of new DeFi products at NEAR, DApps want increased data network security, and this is particularly evident in the cost of the product.

Alex Shevchenko, CEO of Aurora Labs, said: “The Flux team is one of the first users of the Rainbow Bridge since the Rainbow Bridge launched in March 2021. We are very happy that the Flux solution has been one of the of the first oracles to fight Aurora. Glad this has reached a new milestone - an important milestone that will help kickstart all the construction needed for Aurora. "

Make sure the food is safe

As an essential lifeline of a decentralized ecosystem, Feed Price will provide prices, order books and other information necessary for the secure trading of digital assets. The development and delivery of efficient systems and distributions depend on the provision of reliable data.

Because the current feeding rate is controlled by individuals or groups, many feeding rates do not adjust over time or develop in the first place. Flux powers Aurora's new decentralized ecosystem to create more sophisticated global DApp metrics using trusted / external data sources, which smart contract developers can use to enhance product functionality.

As one of the first oracles released to Aurora, Flux provided an open process that allows developers to easily design and manage cost-effective crypto, synthetic, and packaging products. Oracle machines also ensure that data is secure and uninterrupted while eliminating heavy workloads and reworking of Oracle machines that require constant updating.

Jameson Hodge, Flux Key engineer, said: “Modularity, finally, allows us to collect a wide range of chain data from independent vendors and integrate it into a variety of green functions. "

Flux will release Aurora in the first half of December, here are the links to the export contract and details of the deal.

https://docs.fluxprotocol.org/docs/getting-started-mainnet/first-party-oracles