BENQI To Integrates With Chainlink Price Feeds
A decentralized non-custodial liquidity market protocol, built on Avalanche platform,BENQI will be integrated to Chainlink Price Feed Oracle Network. BENQI integration of Chainlink aligns with its vision of building open and regulatory compliant decentralized financial applications on Avalanche and future Avalanche subnets.
“Price oracles are one of the most often overlooked yet extremely important elements within decentralized protocols. After internal research and discussions, we decided to go with the industry standard oracle network, which is already securing billions of dollars within decentralized financial applications alone. Having Chainlink secure our price feeds, we have added confidence in the security and health of our protocol.” — Hannu Kuusi, Co-Founder BENQI
These will also give the rapid growth of the Chainlink Network and its very liquid presence in the smart contract economy, $LINK will be one of the first few pools open at the launch of the BENQI protocol. BENQI and Chainlink, is building on an open, inclusive decentralized financial ecosystem.
About BENQI
Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. Through BENQI, Avalanche users will be able to earn interest on their assets, obtain credit through over-collateralized loans and earn QI governance tokens as rewards for providing liquidity on the protocol and Pangolin
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
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