Vee.Finance x Chainlink Price Feeds Integration
Vee.Finance has integrated Chainlink Price Feeds as oracle network solution to access an accurate and secure price feed on the Avalanche blockchain.
By integrating Chainlink’s industry-leading decentralized oracle network, Vee.Finance has access to high-quality, tamper-proof prices needed to ensure that all aspects of Vee.Finance are fair and transparent. Ultimately this creates a more exciting and fraud-proof user experience, as users can be assured of the integrity and robustness of Vee.Finance.
Vee.Finance chose Chainlink as the go-to oracle solution because its infrastructure is seamless to integrate and is time-tested in production. Chainlink helps secure leading DeFi protocols responsible for billions of dollars in smart contracts, maintaining robust security and high availability even during unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
To ensure Vee.Finance has an accurate asset pricing mechanism, it is essential to have access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect the volume-weighted average from all trading environments. To accomplish this, Vee.Finance must use an oracle to fetch aggregated price data off-chain and deliver it on-chain to be consumed by the Vee.Finance application.
About Vee Finance
Vee Finance is a DeFi lending platform for traditional financial and crypto users alike. They are committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. Users can participate in deposits, loans, long and short positions as well as other functions. The mission of the project is to reduce barriers for traditional users to participate in DeFi and optimize the efficiency of global asset allocation.
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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