Chainlink Price Feeds Are Now Live on Harmony Testnet
Chainlink Price Feeds are live and natively integrated on the Harmony testnet, giving developers native access to the DeFi industry’s leading decentralized price oracle solution. Harmony developers can now begin building and testing a variety of data-driven DeFi applications by referencing Chainlink oracles for high-quality, low latency, tamper-proof price feeds.
“Integrating the accurate, flash-loan resistant data of Chainlink is a significant catalyst for unlocking a new wave of DeFi development in the Harmony ecosystem. Knowing that their oracle mechanism is secured, application developers can focus on building their core product and providing their users a superior experience.”—Stephen Tse, Co-Founder, Harmony
The initial integration includes the following Chainlink Price Feeds:
- ONE/USD
- WBTC/USD
- ETH/USD
- USDC/USD
- USDT/USD
- BUSD/USD
- SUSHI/USD
- DAI/USD
- DSLA/USD
- LINK/USD
These price oracles can help power DeFi applications like algorithmic stablecoins, lending or borrowing markets, future and options contracts, remittance solutions, automated trading strategies, and much more.
Harmony is a decentralized, high-throughput blockchain for storing assets, collectibles, and identity, as well as building smart contract applications and DAOs. The Harmony mainnet supports 4 shards of 1000 nodes, producing blocks with 2-second transaction finality and low fees. This enables the development of highly scalable applications across numerous industry verticals.
Chainlink Price Feeds are an optimal choice for developers because they source data from numerous premium data aggregators, resulting in price feeds that reflect a volume-weighted average across all exchanges (DEXs and CEXs), with outliers and suspicious volumes removed. Additionally, each Chainlink Price Feed is secured by a decentralized network of independent, security-reviewed node operators run by professional DevOps. The result is Chainlink Price Feeds having accurate global market prices while providing high availability and tamper-resistance.
By combining Harmony and Chainlink, developers can build highly scalable, low-cost DeFi applications with strong security and reliability guarantees on the data inputs used in their execution.
ABOUT Harmony Protocol
Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees.
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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