Band Protocol April 2021 Community Update

Kevin Lu  

Dear Band Community, Band Protocol continues to grow with our major DeFi partners as the number of total oracle requests reach 4.5M — growing 55% from last month. As the total value secured by Band Oracles continues to rapidly increase, our team has been diligently and thoroughly working on BandChain Phase 2, codenamed Laozi, with a public testnet coming up next month. BandChain Phase 2 brings more enterprise-grade data providers to support Band Oracles, enhancing security guarantees and the overall breadth of data available for all decentralized applications to reliably use in production. On the other hand, data providers will be able to monetize their data solutions and collect revenue automatically on-chain from decentralized protocols and developers.