API3, the provider of decentralized and quantifiably secure data feeds, has announced its latest partnership with Royale Finance, an iGaming platform. The cross-chain DeFi solution for the iGaming industry, Royale Finance has raised $1.45 million in the first month of the year 2021. Allowing liquidity pools to support iGaming companies that use fair algorithms, using the security and transparency of the technology. API3 Partners With iGaming Platform Since API3 secures data feeds for blockchain applications, the partnership will provide Royale’s iGaming partners with access to on-chain to on-chain price information to determine exchange rates. Eliminating the issue of low levels of trust, which the iGaming industry has traditionally suffered. Giorgio Andrews, CEO of Royale, talks about API3 which is in tune with the Royale ecosystem. Royale, being an industry-focused DeFi for solution for the iGaming industry, is following five principles namely network-driven identity, optimized and sustainable yield, industry-focused iGaming aggregator, and decentralized governance. Andrews says, “For Royale, the transparency that API3 seeks to create fits perfectly into the Royale ecosystem. The first party API3 oracles which are operated by the API providers allows for a tamper-free ecosystem that can not be compromised. I will genuinely admit to being a fan and can not wait to integrate API3 into our beloved Royale Kingdom and beyond.” API3’s Airnode Supporting Royale Finance API3’a air node allows records to be made without any third-party intervention. As an advantage, customers can see exactly where the data is sourced from. API3 will support Airnode-enabled APIs to provide data sources to Royale Finance, helping Royale Finance monitor the staked USD peg of stablecoins. The data records on blockchain permit verification of overcharging customers during the exchange of digital assets to fiat on Royale Finance’s iGaming partners. The proficiency of blockchain to provide immutable open records is unique to eliminate the need to trust even conventional Web 2.0 applications.
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