Flourishing Capital is Integrating Chainlink Price Feeds
Flourishing Capital has announced its integration with Chainlink Price Feeds.
This is to supply the AI-powered portfolio manager with high-quality, real-time price reference data in a highly secure and reliable manner. Chainlink’s industry-leading price oracle solution will be a key input for generating AI-based portfolio recommendations based on current market conditions. These recommendations can then go on to execute portfolio rebalances, determine strategy probabilities, calculate technical indicators, or identify arbitrage opportunities on behalf of users.
Flourishing Capital lets users deposit their crypto assets and offers a number of sophisticated AI-based analysis and portfolio management tools both for beginners and experienced users. Chainlink Price Feeds are open-source, decentralized data feeds that are time-tested in products and already help secure tens of billions of dollars of value in the decentralized finance and traditional finance ecosystems. By integrating Chainlink Price Feeds, the decision-making process of their algorithms ultimately becomes more transparent and tamper-proof while still having high accuracy and reliability.
“We’re excited to strengthen the infrastructure of our AI DeFi Advisor using Chainlink, bringing stronger transparency and manipulation-resistance guarantees to users while still maintaining high-frequency, high-uptime price updates with wide market coverage,“ stated Eric Gonzalez, CEO of Flourishing Capital.
About Flourishing Capital
Founded in 2020, Flourishing Capital is led by experienced entrepreneurs who’ve held key roles at Goldman Sachs, Nvidia, Oracle, Dun & Bradstreet, and Planview, with a combined three decades of experience in digital assets research and development, payments systems, scalable platform deployment, and acquisitions at companies such as Paypal.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
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