Tren Finance Utilises eOracle for Specialized, Complex Assets
Tren Finance, the first Liquidity (re)Enabling Protocol, has partnered with eOracle to ensure the highest level of security and data accuracy for its platform, providing specialized data feeds to provide accuracy of complex assets.
Introducing Tren Finance
Tren Finance was built to tackle a $34B inefficiency in DeFi, aiming to unlock the billions of dollars in ‘idle liquidity’ within the DeFi ecosystem. The platform allows users to (re)collateralize their assets, including LP tokens, money market deposits, and staked positions, enabling them to leverage these assets for various DeFi strategies. Features enable users to:
- Re-enable AMM liquidity by using LP tokens as collateral to borrow XY, Tren Finance’s synthetic dollar debt token.
- Engage in leveraged (re)staking with liquid staked assets, multiplying yield potential.
- Create custom on-chain market makers with concentrated liquidity positions, maximizing capital efficiency and hedging against impermanent loss.
You can explore the Tren Finance platform here
Solving the DeFi Complex Asset Issues & Building the New Oracle Standard
One of DeFi's biggest challenges is accurate pricing for complex assets which are special assets such as LP tokens & tokens that are used for (re)collateralisation and are notoriously difficult to provide accurate pricing data for. However eOracle are rising to the challenge and setting a new standard in the oracle landscape by tackling this gap in the current oracle standard with Tren Finance by providing accurate & secure price feeds for these complex assets on the Arbitrum chain.
Head to the link below to stay in the loop and contribute to our community:
Join the eOracle community here