The developers of MDT announced the launch of an oracle in order to provide users with access to quality financial information. MeFi Oracle could boost the popularity of DeFi and dAapps.
MDT Developers announced on the launch of Measurable Finance (MeFi), an oracle for connecting traditional financial data markets to the Decentralized Finance (DeFi) sector.
MDT is a decentralized network where buyers and suppliers can exchange information securely and anonymously. MeFi transfers financial data to blockchains, providing the DeFi ecosystem with reliable data within the network.
The first version of MeFi integrates with markets such as Nasdaq, NYSE and HKEX. DeFi users will be able to access more financial data from MeFi using MDT tokens.
“Data is like a superpower in the capital market. For DeFi and decentralized applications (dAapps) to become more popular, they must be connected to the outside world, ”said Heatherm Huang, co-founder of Measurable Data Token.
After launching MeFi Oracle, the MDT team created the MeFi dAapp. It allows users to access any stock price information from the global capital markets.
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