Glacier Integrates Chainlink Price Feeds to Facilitate CeDeFi Lending and Borrowing
Glacier — a CeDeFi lending/borrowing platform that creates alternative opportunities in financial markets — has integrated Chainlink Price Feeds on the Polygon mainnet.
By integrating the industry-leading decentralized oracle network, Glacier has access to high-quality, tamper-proof price feeds needed to establish real-time exchange rates on various fiat and crypto currencies used in lending and borrowing. This will help provide their users with strong assurances that the values used in our platform are continuously updated, secure, and trustworthy.
Their initial integration involves the use of the following Chainlink Price Feeds: CLP/USD, ETH/USD, BTC/USD and USDC/USD. They chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Glacier is a liquidity protocol that connects crypto asset owners to owners of fiat assets through a borrowing/lending platform and a fiat on/off ramp. Thus, crypto asset owners will be able to obtain liquidity without the need to sell their assets while owners of fiat assets can provide liquidity in exchange for lower risk returns.
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.
Learn more about Chainlink by visiting chain.link or read the documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Glacier
Glacier is a Centralized Decentralized Finance (CeDeFi) platform which provides markets a completely different and new option from traditional financial services. In Glacier, we believe strongly in the power of interconnected users and the benefits of centralized regulations. Furthermore, we ensure a secure and transparent ecosystem for our community through blockchain technology, which follows our guidelines of trust and credibility.
With our first product –Glacierlend– we want to grant new opportunities to current financing by connecting crypto and fiat asset owners.
