MoonFarm Finance Integrates Chainlink Price Feeds to Secure MoonFarm Algorithm Farming Strategy.
MoonFarm Finance — the first CeDeFi Yield Farming Aggregator on Multi chain — has integrated Chainlink Price Feeds on the Binance Smart Chain mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, MoonFarm Finance has access to high-quality, tamper-proof price feeds needed to monitor the price changes of token so that the algorithm can detect the impermanent loss could happen and switch the farm to avoid it. This will provide our users with strong assurances that MoonFarm users fund will have no Impermanent Loss when farming with MoonFarm.
Our initial integration involves the use of the following Chainlink Price Feeds: BNB-USD, CAKE -USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already secures leading DeFi protocols responsible for billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
MoonFarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
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.
About MoonFarm Finance
MoonFarm Finance is a CeDeFi platform (Centralised Decentralised Finance) that combines both the advantages of Centralised Finance and Decentralised Finance. The platform will offer market yield farming strategy to utilize user’s funds to bring a good return with controllable risk.
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