OPTYN INTEGRATES CHAINLINK PRICE FEEDS TO SECURE ITS POLYGON-BASED OPTIONS PROTOCOL AND SYNTHETIC ASSETS.
Optyn, a runner-up prize winner at the 2021 Spring Chainlink Virtual Hackathon, is excited to announce their successful integration of Chainlink Price Feeds to accurately price options contracts and synthetic assets created, traded, and settled on our Polygon-based DeFi protocol. Through Chainlink’s industry-standard oracle network, users can now leverage Polygon’s high-throughput platform to create secure, low-cost option contracts backed by up-to-date price reference data across a variety of assets.
About Optyn Protocol
Optyn is an options market and synthetic asset protocol built directly on Polygon, enabling users to get exposure to synthetic assets and create options contracts.
About Chainlink
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
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