BlackHole Protocol and Paul Protocol have entered into a strategic partnership
We are excited to announce that BlackHole Protocol, a cross-chain burning protocol, and Paul Protocol, a double-mechanism risk resistant oracle with superior performance and timeliness, have entered into a strategic partnership. Both parties will cooperate closely around initial token exchange, quality asset mutual recommendation, cutting-edge situation research, and ecological resource sharing.
Paul Protocol is a double-mechanism risk resistant oracle with superior performance and timeliness. We designed our foundational architecture based on current cross-chain networks, which has introduced and modified based on the quoting system used by global top organizations in high-frequency automatic trading for single benchmark in multiple trading scenarios. Pledged asset quoting and arbitrage validation are used to build real-time quoting validation mechanism. In extreme situations, a price curve can be generated more smoothly by statistical hypothesis-testing.
BlackHole Protocol originates from Ethereum network and gradually spread to Polkadot, BSC, Heco, SOL and eventually the whole blockchain world. Any user or project governor could create a burning pool by holding $BLACK and old token LP to permanently burn the old Token into a new Token.