Those who are building on Elrond Network can see that their users are getting an awesome experience through their fast and inexpensive transactions. Oddz Finance is another great partnership for Elrond.
Beniamin Mincu expressed, “Decentralized options trading platform to integrate Elrond. Advanced risk management will be available for assets issued on the Elrond Network through oddz finance.”
Elrond integration is necessary because the cryptocurrency space has seen an increase in the amount of capital traded. Also, the numbers of institutional and sophisticated traders entering the markets and the volumes they invest in have been increasing because blockchain technology can make this type of trading very efficient, transparent, and decentralized.
Beniamin Mincu, Elrond CEO, expressed, “Advanced trading options will allow market actors to better hedge against risk and thus commit more capital, which in turn generates more liquidity and trading volume, creating a solid base for assets to develop and create value for their respective projects and their supporters. Platforms such as Oddz Finance can help create this kind of environment, which is essential for the growth of the Elrond ecosystem.”
For clarity, Oddz Finance is building a multi-chain platform, which is making it possible for users to be able to participate in trading options like calls or puts and perpetual leverage and also to earn by providing liquidity and by receiving staking rewards.
Aishwarya Shivakumar Haroshivanahalli, Oddz Finance Founder and CEO, expressed, “The Elrond DeFi ecosystem seems prepared for take-off because of the imminent launch of their Maiar decentralized exchange. We are looking forward to complementing the regular trading activities happening there with our own options trading, which will provide Elrond asset owners with a complete set of advanced trading tools.”
The collaboration provides the essential tools for traders. Eventually, traders will be able to engage more capital with Elrond assets to create a solid layer of liquidity, eventually providing development opportunities for projects building on the blockchain.
Also, An AI-Powered sports challenge platform, Dotmoovs, builds on Elrond. Dotmoovs are creating a platform that makes it possible for everyone with a mobile phone to compete against anyone on the internet in real sports.
The app captures players’ movements while using computer vision and artificial intelligence to score them. Further, the results are compared, and the winner can earn rewards in MOOV tokens and NFTs.
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