PolkaCover Has Been Partnered With Chainlink

POLKACOVER is thrilled to announce that they will be integrating the market-leading CHAINLINK Price Feeds on Polkadot.

This integration establishes precise and tamper-proof price references to determine the value of assets used within their #DeFi insurance marketplace. They selected Chainlink to secure all oracle functions on PolkaCover because they offer pre-made decentralized price feeds.

The initial integration will support the following Chainlink Price Feeds ETH/USD, BTC/USD, and USDT/USD, with plans to onboard more as required by platform demand.

About PolkaCover:

PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. Our aim is to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products for the crypto world.

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.

INFO:

https://polkacover.medium.com/polkacover-partners-with-chainlink-9fb2e6862a75