SteakBank Integrate Chainlink Oracles

SteakBank Integrate Chainlink Oracles to Source Price Data for Liquid Staking On BSC.

This integration on Binance Smart Chain (BSC) mainnet to access an accurate and secure price feed for BNB/BUSD, which will be used in our LBNB/BNB pool to determine the LBNB/BUSD price. The LBNB/BUSD Price allows SteakBank to display the USD dollar worth of LBNB when users redeem the LBNB into BNB.

SteakBank is a DeFi platform that provides liquid staking services for any asset. Users can earn compounded yields by minting liquid tokens of a staked asset and depositing them in liquidity pools to earn rewards or using them as collateral for loans.

SteakBank automated dynamic staking strategy ensures that our users always receive the highest staking yield without them having to constantly monitor the rewards given by validators and making switches between validators manually. In short, our users can earn yield without them having to run a validator node or manage the process.

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.

About SteakBank

SteakBank is a liquid staking platform on Binance Smart Chain where users can earn multiple streams of cashflow. The primary rewards earned from validating will be baked in the liquid token. The liquid token can then be further staked in liquidity pool to be compounded and earn extra yields. Furthermore, SBF token will also be rewarded when users stake their liquid token in SteakBank’s liquidity pool.

➡️Source:
https://medium.com/steakbank/steakbank-using-chainlink-oracles-to-source-price-data-for-liquid-staking-on-bsc-667f88ac47a4

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