Augmented Finance Integrates With Chainlink Price Feed
Augmented is on a mission to build an open, efficient, and globally accessible financial system. The company, announced integration with Chainlink Price Feed Oracles. By integrating Chainlink’s industry-leading decentralized oracle network, Augmented Finance will have access to high-quality, tamper-proof price feeds needed to supply accurate and up-to-date price data to smart contracts when calculating lending and borrowing rates. This will provide our users with strong assurances that the protocol is secure against price manipulation from the oracle operators, miners, and users.
Chainlink was chosen 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.
To secure Augmented Finance’s lending pools, they need access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments, so they need to make use of an oracle to fetch aggregated price data off-chain and deliver it on-chain to be consumed by its application.
Augmented Finance focuses on intelligence as a core capability. Augmented Finance learns and evolves behavior based on market activity and brings the highest level of efficiency to the market. Augmented Finance factors in not only collateralization levels but also liquidation history, interactions with other lending protocols, and transactional patterns to develop an intelligent and quantitative profile of borrowers and lenders.
ABOUT Augmented Finance
Augmented Finance is a DeFi liquidity protocol for high-yield lending and low-interest borrowing of digital assets, launched fairly and enabled by AI.
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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