Home DApps Prophet Joins IOST DeFi DApp Ecosystem

Prophet Joins IOST DeFi DApp Ecosystem

by Monica Padillo

IOST will expand its decentralized finance or DeFi ecosystem with its partnership with Prophet, a Chinese blockchain-based financial application platform.

Under the collaboration, Prophet will roll out a market prediction DApp on IOST starting next month, as well as support the blockchain platform in promoting the project and administering DApp operations, IOST explained via Medium.

The Chinese firm also plans to launch decentralized lending, trading, and asset management platforms on IOST to boost the DeFi system on IOST.

Prophet joins other DeFi-focused firms such as Nest and Liebi Pool in IOST’s decentralized finance ecosystem.

“Prophet has rich experience in DApp ecosystem construction, operations and DeFi technology,” IOST noted, “This partnership between IOST and Prophet will realize a win-win situation in ecosystem, resources and technology”.