NEUTRINO SPONSORS CHAINLINK PRICE FEED TO SUPPORT USDN ADOPTION ACROSS DEFI.
Neutrino has sponsored a new Chainlink Price Feed for USDN/USD on the Ethereum mainnet. Chainlink Price Feeds supply high-quality data with flash loan protection, enabling Ethereum-based money markets to leverage the USDN/USD Price Feed and easily offer support for USDN, an algorithmic stablecoin pegged to USD and backed by WAVES tokens.
Additionally, decentralized insurance providers can offer coverage based on unexpected scenarios, such as USDN breaking its peg, which further improves its reliability within DeFi markets.
Neutrino selected Chainlink because of its industry record of supplying high-quality on-chain price reference data for leading DeFi projects, including Aave and Synthetix.
Chainlink Price Feeds also offer broad market coverage, spanning all centralized and decentralized exchanges and making their price data immune to manipulation or downtime on any single or small set of exchanges.
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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