Convergence Finance Integrates Chainlink VRF
Convergence Finance Integrates Chainlink VRF for fair and unbiased randomness in distribution events
By integrating the industry-leading decentralized oracle network. The protocol can leverage Chainlink’s VRF to fairly pick users out of the pool of applications within future ConvO sale events and whitelist them in a provably fair and unbiased manner. Furthermore, participants will be able to verify the integrity of the results on-chain via cryptographic proofs.
Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate a random number and cryptographic proof. The Convergence smart contracts will only accept the random number input if it has valid cryptographic proof. The cryptographic proof can only be generated if the VRF process is tamper-proof. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can have stronger assurances that the selection of applicants in our sale events is made in a provably fair and verifiably random manner.
About Convergence Finance
Convergence is the first AMM to make exotic real-world assets interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables asset owners to take advantage of DeFi’s liquidity, while DeFi users can access exotic real-world assets unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring real-world asset exposure to all DeFi users.
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.
