Empowering Financial Freedom: Truflation Joins Forces with Overlay Protocol to Enhance EV Index | Truflation
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Empowering Financial Freedom: Truflation Joins Forces with Overlay Protocol to Enhance EV Index

Published 18 Apr, 2024

Truflation, the premier definitive reference point for Real World Assets (RWA), inflation and indexes, is announcing a partnership with Overlay Protocol, the "trade everything engine." This novel trading platform offers an alternative to traditional derivatives exchanges in the crypto market and addresses one of the major challenges facing decentralized exchanges: liquidity scarcity. 

With Overlay's expertise in liquidity provision and innovative token mechanics, this collaboration represents a significant advancement in the democratization of finance. Overlay allows users to create long/short positions on the future of any data price feed without relying on Liquidity Providers (LPs) or Market Makers.

READ Truflation Launches Electric Vehicle Commodity Index

Through unique token mechanics, traders can build positions directly against the protocol or all Overlay Protocol token ($OV) holders simultaneously, benefiting from instant liquidity without counterparties. The protocol handles minting/burning $OV tokens upon trade unwind to provide traders with their Profit and Loss (PnL), solving upfront liquidity requirements that typically hinders scaling of new DEXs.

Stefan Rust, CEO of Truflation, expressed excitement about the collaboration, stating, "our partnership with Overlay represents yet another step forward in advancing decentralized finance. Together, we aim to empower individuals with secure, reliable, and data-driven solutions for navigating the rapidly evolving landscape of the digital asset ecosystem."

Rust was also keen to hint at a future X Spaces featuring himself and the Truflation and Overlay teams to flesh out partnership details. Follow our socials for announcements.

This partnership signifies convergence of industry leaders committed to driving innovation in the DeFi space. Together, Overlay Protocol and Truflation will continue to push the boundaries of what is possible, empowering individuals with greater access and control over their financial futures.


About Overlay Protocol

Overlay is a protocol to long/short any scalar, non-manipulable and unpredictable data stream. Long/short any data stream with a dynamic supply native currency - backed by Polychain, 1kx, ParaFi, and more.

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About Truflation

Empowered by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of Real World Assets through its independent, transparent, and real-time financial data. With a comprehensive index tracking over 13 million items, Truflation offers censorship-resistant data infrastructure (Truflation Stream Network), fueling systemic advancements in the DeFi economy. This empowers decentralized applications (dApps) such as DEXs to unlock boundless markets. From predicting orange juice and uranium prices, to facilitating BTC-denominated oil, gas, and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape.

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