Linkflow Finance x Chainlink’s Decentralized Price Feeds
Linkflow is using Chainlink Price Feeds for secure & transparent crypto-to-fiat conversions.
The initial Price Feeds now supported include USDT/USD and USDC/USD, with plans to support more pairings in the future.
In order to provide more transparent and reliable data and services, Linkflow required a highly secure and accurate source of real-time price reference data for establishing platform exchange rates. However, since Linkflow is built on top of a blockchain and blockchains are purposely disconnected from external APIs, we needed a blockchain middleware solution known as an oracle to supply Linkflow with off-chain price data.
“Chainlink’s decentralized oracle solution offers high-quality and transparent price reference data, which is absolutely essential to users of our platform,” said Chris Jung, President of Linkflow Finance.
“Maintaining decentralized data feeds is paramount for our Prime Brokerage and DeFi services and we have secured this data with the best solution in the market. We are also planning to add an LF token price feed to the Chainlink ecosystem for others to use in the near future”
What is Linkflow?
Linkflow is a new digital asset-based services platform providing seamless connectivity to the broader cryptocurrency ecosystem, allowing clients unprecedented access to a wide array of digital assets. Recently, Linkflow’s application token (Linkflow Token — LF) was listed on Bithumb, Korea’s №1 crypto exchange, marking a significant step forward in mission to build a complete Prime Brokerage and DeFi Service platform.
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.
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