MDT Launches Oracle MeFi, Bridging Capital Market and DeFi Financial Data

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“MeFi serves as a ‘Bloomberg on the blockchain’ – its secure connections between blockchain smart contracts and capital markets help developers access trusted external financial data on-chain.”

Posted: October 20, 2021 at 12:00 AM MDT|Update: 1 hour ago

HONG KONG, 20 October 2021 / PRNewswire / – Measurable Data Token (MDT) announces the launch of Measurable Finance (MeFi), a blockchain oracle for financial data in capital markets.

MeFi – Bridging the gap between the capital market and DeFi

MeFi is designed for the Decentralized Finance (DeFi) industry. It provides off-chain external financial data streams to public blockchains, enabling the DeFi ecosystem to have reliable data on-chain. It is now open source on Github and available to all Dapp developers who need capital market data to run hybrid smart contracts on the blockchain.

The first version of MeFi integrates with major capital markets including Nasdaq, NYSE, and HKEX. The team also plans to provide other basic financial data, including company earnings, financial derivatives, and ETFs for smart contracts in future updates. DeFi developers will be able to access more varieties of MeFi financial data with on-chain MDT tokens.

Oracle MeFi Workflow
Oracle MeFi Workflow

MDT is a decentralized data economy where users, data providers, and data buyers can exchange data securely and anonymously over the blockchain. On the consumer side, MDT’s own consumer app, RewardMe, rewards users for contributing anonymous data points. On the business side, its alternative data arm, Measurable AI, turns anonymous transactional data into valuable consumer information for financial institutions, businesses and academia. With the renewed interest in decentralized finance, the MDT team launched the Oracle MeFi as a way to bridge the gap between financial data in the capital market and the decentralized world.

“Data is like the superpower in capital markets. If DeFi is to go mainstream, DeFi innovations and Dapps must connect to the external context,” said Heatherm Huang, co-founder of Measurable Data Token. MeFi serves as “Bloomberg on the blockchain”: its secure connections between blockchain smart contracts and capital markets help developers access trusted external financial data on-chain. “

With the launch of MeFi Oracle, the MDT team also created a Dapp as their first use case. The MeFi Dapp currently available on Ethereum and Testnet allows users to access all stock price information live on the blockchain from real world capital markets through MeFi Oracle.

Blockchain oracles are essential as an infrastructure tool for the decentralized finance industry. As a veteran of financial data and blockchain, MDT strives to be a pioneer in bringing the capital markets and blockchain world together with MeFi, thus pushing developers to create more powerful decentralized innovations.

About MeFi

Measurable Finance (MeFi) is a blockchain oracle for financial data designed for the decentralized finance industry. It provides off-chain external financial data flows to public blockchains, enabling the decentralized finance (DeFi) ecosystem to have reliable on-chain financial data.

Access MeFi Dapp on https://mefi.app

About the measurable data token

The Measurable Data Token (MDT) is a decentralized data exchange ecosystem that rewards users for sharing anonymous data points and enables secure and anonymous data exchange on the blockchain. Learn more about https://mdt.io

Media contact

Charlie sheng
[email protected]
+ 852-62260859

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