Skyrim Finance & MINE Network Strategic Partnership Announcement
Hi there, Skydivers,
We are so thrilled to introduce to you our newest strategic partner — the young and promising MINE Network.
MINE Network is the first decentralized standard hash rate token protocol that solves the liquidity problem of miners on multi-chains, like Bitcoin, Litecoin, Ethereum, and Filecoin. It will standardize the mining power from different mining pools for different mining projects and then issue different standard hash rate tokens.
Anyone who is crypto-knowledgeable knows that lacking liquidity cryptocurrency mining is probably the next big problem to tackle in this space, if not the biggest. MINE Network will cover this part on Multi Chains. It is believed that Multi-Chain usability is the future of DeFi.
Following the recent shut-down of one of China’s largest cryptocurrency mining bases and an intensified nationwide crackdown against cryptocurrency mining, the ban gradually extended to more than 90 percent of China’s Bitcoin mining capacity, at least for the short term, as regulators in other key mining hubs in China’s north and southwest regions have taken similar harsh steps.
MINE Network aims to become the new force that aims to tackle the liquidity problem by creating synthetic tokens which can be used in DeFi protocols, setting up a new asset — the standardized Hash rate tokens, using Substrate’s OCW off-chain oracle worker, and creating novel mining reward schemes.
“The timing of MINE Network is perfect. The crypto space is facing some sort of an existential crisis. Mild as it is, it is still a hurdle to overcome. We love how MINE Network is taking a different approach to this issue, and we are happy to partner up with them.”
said Johnny Lee, Director of Ops and Marketing of Skyrim Finance.
We, at Skyrim Finance, also want to utilize the flexibility and customizability of Structured Products, in which synthetics play an integral role, to build the first multichain decentralized structured finance protocol for fixed-rate and leveraged-yield DeFi products.
Both teams share important synergies in project designs and can explore the next frontier of synthetic finance and even formulate an even more creative solution to the hurdles we currently struggle with.
“We are very excited about this connection. Skyrim is ahead of its time and transfers one of the most popular financial tools of the FIAT world into the DeFi area — the Robo-Advisor. The integration of our standardized hash rate tokens into Skyrim gives a clear use case that allows users to invest directly in mining power without owning mining machines. ”
- Andreas Aschenbrenner, Project Lead MINE Network
About Skyrim Finance
Skyrim Finance is the First Multichain Decentralized Structured Finance Marketplace. Skyrim Finance aims to build the Robo-Advisor of the DeFi ecosystem. The objective of Skyrim Finance is to help investors of different profiles have risk-adjusted returns through fixed-rate and leveraged-yield DeFi products.