By integrating Chainlink Price Feeds, users tracking their portfolios will be able to access highly secure and reliable benchmarks that reflect an aggregation of prices across centralized and decentralized exchanges — helping level up the data available to users in the Dexfolio app. Most notably, users can compare the prices of an exchange against Chainlink Price Feeds when making various portfolio decisions.
Chainlink Price Feeds will be displayed alongside individual DEX prices within the Dexfolio app. Users will then be able to choose which data they want to see on the app. Users can also compare token prices paid on individual DEXes with the broader market prices of Chainlink — allowing users to make efficient, informed decisions about which exchange to use.
As an added feature, users will be able to choose to receive Chainlink-powered asset prices instead of the DEX prices for supported assets, removing the user’s reliance on any single exchange for price data and portfolio value and replacing it with highly accurate price data sourced from multitudes of data sources.
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.
Dexfolio is truly decentralized, with stakers holding 5% or more voting power able to create proposals for community voting. In addition, visitors can farm their LP tokens and participate in governance.