Centaur x Chainlink Price Feeds

Published on: 13.04.2021
Centaur x Chainlink Price Feeds

Centaur announced integration with Chainlink Price Feeds on mainnet to obtain high-quality, tamper-proof price reference data for #Centaur Swap decentralized exchange.

Initially, the Centaur Swap DEX will utilize the following Chainlink Price Feeds: ETH/USD, DAI/USD and USDT/USD. Chainlink’s highly secure and reliable decentralized oracles are critical to Centaur Swap, as they provide price data that reflects a volume-adjusted global aggregate from all trading environments, allowing for precise readjustments to the price deviation algorithm without worrying about stale or manipulated data feeds.

What is Centaur?

By combining the best elements of decentralised finance with measured regulatory control, Centaur is bridging DeFi and traditional finance. For more information, please visit our website, join our Telegram community discussion group and announcement channel.

What is Chainlink?

Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.

📰 INFO:

https://medium.com/centaur/centaur-using-chainlink-price-feeds-to-mitigate-impermanent-loss-on-centaur-swap-dex-cb01e09b44e

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