Linear Finance Upgraded Their Protocol’s Oracle Mechanism To Chainlink Price Feeds
This will provide new users a security and reliability guarantees that all Linear Finance synthetic assets will be minted, swapped, redeemed, and liquidated according to the most up-to-date and precise global market prices.
This will also enables users to trade various cryptocurrencies and market indices with increased confidence, knowing that their funds are secured by an oracle infrastructure with a historical track record of reliability, even during times of high gas prices and extreme network conditions.
Chainlink Price Feeds provide following features:
— High-Quality Data
— Secure Node Operators
— Decentralized Network
— Economy of Scale
About Chainlink
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data.
About Linear Finance
Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.
