MAHADAO IS INTEGRATING CHAINLINK PRICE FEEDS TO SECURE THE ARTH GMU PEG.
MahaDAO is super excited to announce our upcoming integration of Chainlink Price Feeds to generate a custom GMU price that supports the launch of the ARTH 2.0 valuecoin. By integrating Chainlink’s market-leading decentralized oracle network, MahaDAO will ensure that the ARTH valuecoin consistently remains stable based on the most precise and up-to-date market price of Global Measurement Unit (GMU) — a weighted index of multiple different fiat currencies, Gold, and Bitcoin.
They selected Chainlink as their go-to oracle solution because it provides pre-built decentralized price oracles across all assets in the GMU basket, which are all time-tested and proven to secure billions of dollars in value for leading DeFi protocols. Chainlink Price Feeds source price data from high-quality data providers with strong market coverage, as well as have a strong reputation for uptime, even during record levels of market volatility and network congestion.
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.
About MahaDAO
MahaDAO is a community-powered, decentralized autonomous organization on a mission to empower billions to preserve their purchasing power through the world’s first valuecoin, ARTH.
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