ORBS INTEGRATES CHAINLINK PRICE FEEDS TO SECURE SINGLE-SIDED FARMING AGAINST FLASH LOAN ATTACKS.
The Orbs Liquidity Nexus protocol takes any DEX like SushiSwap and enables farming with ETH only in popular pools like ETH/USDC. This opens the door for ETH-only strategies that yield over 60% APY. The protocol integrates with the widely used Chainlink Price Feeds to protect against economic attacks carried out through flash loans. Let’s demonstrate some hypothetical exploits and how Chainlink prevents them.
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 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.
⬇️DETAILS:
