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APRO Oracle and Lnfi Network Launch Groundbreaking Price Oracle Service on Lightning Network

We are thrilled to announce that APRO Oracle is joining forces with Lnfi Network to introduce the first-ever price oracle service based on the latest mainnet version of Taproot Assets. This collaboration aims to provide weighted prices from major exchanges like Binance directly to the Lightning Network, ensuring a new level of efficiency and reliability in decentralized finance.

Additionally, we are excited to join the LN Alliance, an initiative of Lnfi Network, further solidifying our commitment to advancing the capabilities and reach of decentralized finance on the Lightning Network.

Bridging Web3 and Tokenization with Lightning Network

Lnfi Network is at the forefront of integrating Web3 and tokenization into the Lightning Network through Taproot Assets. This innovative approach allows for instant, settled foreign exchange transactions on the Lightning Network. Imagine Alice sending USD to Bob instantly in EUR — a seamless and instantaneous process that promises to revolutionize how we think about cross-border payments and foreign exchange.

Enhancing Security, Accuracy, and Timeliness

APRO Oracle will focus on delivering secure, accurate, and timely external price feeds to the Lightning Network. By leveraging our expertise in decentralized oracle technology, we aim to ensure that the price data provided is of the highest quality, fostering trust and reliability within the ecosystem. Our service will aggregate weighted prices from leading exchanges like Binance and Lnfi Network’s LN Exchange, offering users the most accurate and up-to-date information available, in particular for the provisioning of price data feeds for Request For Quote (RFQ) service by the Edge Node Operators or Edge Liquidity Providers — Bob and Yana — in the image illustrated below.

Source: Lightning Labs (Taproot Assets on Lightning | Builder’s Guide)

A New Era for the Lightning Network

This collaboration marks a significant milestone in the evolution of the Lightning Network, bringing with it an epic level of innovation. By combining APRO Oracle’s robust price feed capabilities with Lnfi Network’s cutting-edge implementation of Taproot Assets, we are paving the way for a more efficient, scalable, and versatile financial system.

Join us as we embark on this transformative journey to bring unparalleled innovation to the Lightning Network. Stay tuned for more updates and be part of the future of decentralized finance with APRO Oracle and Lnfi Network.

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