Flare Expands Its DeFi Offering With Ola Finance Partnership By DailyCoin


Flare Expands Its DeFi Offering With Ola Finance Partnership

In support of its growing DeFi ecosystem, Flare has announced a recent partnership with Ola Finance, a platform offering customized lending networks. Ola plans to launch a lending network on Songbird – Flare’s canary network – with future plans to deploy on Flare mainnet.

This partnership signifies Flare’s growing suite of DeFi offerings. Projects building on Songbird and Flare will have the ability to deploy a lending network through Ola’s protocol, thus offering lending/borrowing services to their users.

Ola Finance has partnered with Flare to support the development of the Flare ecosystem. In accordance, Ola’s lending networks will be primed to support all tokens launched on Flare including all F-Asset tokens like , DOGE, ALGO & LTC, thus providing DeFi services to non-Turing complete tokens.

“We at Ola are thrilled to partner with a rising Layer 1 as promising as Flare. Their F-Asset system that aims to incorporate non-Turing complete assets into DeFi aligns with Ola’s goal to increase the number of tokens that offer DeFi Lending services to their communities. We are excited to align these goals to build out a strong relationship with Flare Network while growing their DeFi ecosystem.”
– David Yakira, Co-Founder & CEO, Ola Finance

Hugo Philion, Co-Founder & CEO of Flare said,

“With TVL on Songbird reaching $120m in January, we are delighted that Ola’s lending-as-as-service solution is primed to attract even more liquidity into the Flare ecosystem. Their differentiator within DeFi lending which enables anyone to create their own branded lending network on Songbird & Flare should prove to be very powerful.”
Ola Finance distinguishes itself from other lending protocol’s with its unique white-labeled, B2B approach. Partners of Ola benefit from owning their own lending network equipped with a deep level of customizability and a unique UI fit to their brand. While projects expand their product suite, Ola serves as a dedicated partner behind the scenes providing continuous maintenance and product development.

Flare is a unique network that integrates Turing incomplete blockchains with the Virtual Machine (EVM), bringing all kinds of assets into a smart contract-enabled ecosystem. Focusing on cryptocurrencies like XRP and , Flare and its canary network Songbird upgrade popular tokens for the DeFi world.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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Flare Expands Its DeFi Offering With Ola Finance Partnership

In support of its growing DeFi ecosystem, Flare has announced a recent partnership with Ola Finance, a platform offering customized lending networks. Ola plans to launch a lending network on Songbird – Flare’s canary network – with future plans to deploy on Flare mainnet.

This partnership signifies Flare’s growing suite of DeFi offerings. Projects building on Songbird and Flare will have the ability to deploy a lending network through Ola’s protocol, thus offering lending/borrowing services to their users.

Ola Finance has partnered with Flare to support the development of the Flare ecosystem. In accordance, Ola’s lending networks will be primed to support all tokens launched on Flare including all F-Asset tokens like , DOGE, ALGO & LTC, thus providing DeFi services to non-Turing complete tokens.

“We at Ola are thrilled to partner with a rising Layer 1 as promising as Flare. Their F-Asset system that aims to incorporate non-Turing complete assets into DeFi aligns with Ola’s goal to increase the number of tokens that offer DeFi Lending services to their communities. We are excited to align these goals to build out a strong relationship with Flare Network while growing their DeFi ecosystem.”
– David Yakira, Co-Founder & CEO, Ola Finance

Hugo Philion, Co-Founder & CEO of Flare said,

“With TVL on Songbird reaching $120m in January, we are delighted that Ola’s lending-as-as-service solution is primed to attract even more liquidity into the Flare ecosystem. Their differentiator within DeFi lending which enables anyone to create their own branded lending network on Songbird & Flare should prove to be very powerful.”
Ola Finance distinguishes itself from other lending protocol’s with its unique white-labeled, B2B approach. Partners of Ola benefit from owning their own lending network equipped with a deep level of customizability and a unique UI fit to their brand. While projects expand their product suite, Ola serves as a dedicated partner behind the scenes providing continuous maintenance and product development.

Flare is a unique network that integrates Turing incomplete blockchains with the Virtual Machine (EVM), bringing all kinds of assets into a smart contract-enabled ecosystem. Focusing on cryptocurrencies like XRP and , Flare and its canary network Songbird upgrade popular tokens for the DeFi world.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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