MOONFARM >< NEST Protocol — integrating industry-leading decentralized oracle network | by Moonfarm Finance

3 min readAug 18, 2022

MOONFARM >< NEST Protocol — integrating industry-leading decentralized oracle network

We’re more than excited to announce that MoonFarm Finance — the first CeDeFi Yield Farming Aggregator on Multi-chain — will partner with NEST Protocol. By integrating NEST’s industry-leading decentralized oracle network, MoonFarm Finance has access to high-quality, tamper-proof price feed necessary to monitor the price change of tokens so that the algorithm can detect the impermanent loss that may happen and switch the farm to avoid it. This will assure that MoonFarm users’ funds will have no Impermanent Loss when farming with MoonFarm.

NEST is the stochastic computer based on a probabilistic virtual machine (PVM), which enables the generation and programming of stochastic assets

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Moonfarm will collaborate with Nest Protocol in order to:

Maximize security and safety

We choose NEST as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. NEST already secures leading DeFi protocols responsible for billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

What is Moonfarm Finance?

MoonFarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.

MoonFarm optimizes Yield Farming interest (APY/ APR) and allows users to choose which farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.

MoonFarm’s competitive advantage is the speed of integration with other chains, unlike other DeFi projects that will have to wait for the cross-chain function to fully develop. MoonFarm can integrate all other chains quickly so users can farm with many native tokens across all chains. Solana for Raydium, Avax on Pangolin, Polygon on Quick Swap, MDT on Heco chain, Near on Ref Finance. So we aggregate all the best DeFi farming projects in one place so customers can easily pick one.

Another advantage is users can farm with a single asset, no need to add 2 pairs of tokens for liquidity providers. The reward tokens will also be distributed daily to users’ wallets every single day, no need to harvest manually like other Defi projects.

In order to secure our Yield Farming Algorithm System, we need access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments, so we need to make use of an oracle to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

How NEST helps Moonfarm Finance increase security?

With the cooperation between Moonfarm Finance and NEST protocol, users will receive a strong guarantee that the pricing of assets is supported by a decentralized foundation provided by NEST. NEST protocol and price model consist of critical attributes such as:

Accuracy: Reflect the real market price

Stable: Stabilized price information reduce risks

Anti-attack: High cost to temper the price

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About NEST

NEST Protocol was built in 2018, ranked top 200 at CMC , and NEST Token was listed on Coinbase recently. NEST Protocol extends EVM to PVM (a blockchain-based probabilistic virtual machine), enables the generation and programming of stochastic assets, and simplifies the development process of Gamefi, Defi and NFT.

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About Moonfarm

Moonfarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.

Moonfarm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.

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