ODDZ TO INTEGRATE CHAINLINK IMPLIED VOLATILITY DATA FEEDS.
ODDZ is pleased to announce their upcoming integration of Chainlink Implied Volatility (IV) Data Feeds to support our multi-chain options trading platform. By integrating Chainlink’s market-leading oracle network, Oddz Finance will have access to tamper-proof, dynamic IV data to accurately calculate options premium based on the expiration dates.
Initially, Oddz Finance will refer to Chainlink’s IV Data Feed for BTC/USD and ETH/USD across the Ethereum, Binance Smart Chain (BSC), Polygon, and Huobi ECO Chain (Heco) blockchains. They selected Chainlink as their go-to oracle solution because it sources high-quality data using decentralized, time-tested, and hyper-reliable infrastructure that have strong built-in resistances to potential exchange inaccuracies or data manipulation attacks. Oddz Finance has developed a decentralized multi-chain options trading platform with core features that support put and call options, conditional tokens, and perpetual trading.
ABOUT 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 better 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.
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