Octane Finance Will Integrates With Chainlink Price Feeds
Decentralized limit orders fueled by market making, Octane Finance thrilled to announce that their platform will be integrated with Chainlink Price Feeds Oracles on Binance Smart Chain.
By integrating Chainlink’s industry-leading decentralized oracle network, Octane will have access to high-quality, tamper-proof price feeds needed to determine the price of a token pair at the time of execution and prevent flashloan attacks. This will provide users with strong assurances that all limit orders will be executed safely.
Octane Finance chose Chainlink as their 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.
In order to secure their execute function, 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 our application.
ABOUT Octane Finance
Octane is a fully decentralized rewarding limit order platform driven by network of executors. The Octane team consists of veteran entrepreneurs and professionals who have been part of blockchain space since the launch of its early DeFi protocols.
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.
