Dot Finance Integrates Chainlink Price Feeds to Secure DeFi Yield Aggregation Solutions.
Dot Finance is excited to announce that they have integrated the industry standard Chainlink Price Feeds into their yield aggregator to secure prices for the underlying assets used in various strategies. Chainlink Price Feeds supply tamper-proof, up-to-date, and precise market data, protecting user funds against situations like API downtime, flash crash outliers, and data manipulation attacks using flash loans.
Their initial integration supports the following Chainlink Price Feeds on Binance Smart Chain (BSC): BUSD/USD, DOT/USD, LUNA/USD, LINK/USD, LIT/USD, RAMP/USD, REEF/USD, and USDT/USD. Once they expand to Polkadot, they plan to leverage the Chainlink Oracle pallet to use and sponsor native Chainlink Price Feeds on Polkadot.
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 Dot Finance
DOT Finance provides a variety of Defi apps dedicated to the Polkadot Ecosystem. It is built as a Polkadot layer that can provide an end-to-end solution for the entire DeFi and Web3.0 stack.
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