Pods’ Options AMM integrates with Chainlink

Pods is pleased to announce their integration of Chainlink Price Feeds as a critical input that powers our Options-Specific Automated Market Maker (AMM) algorithm. By relying on price reference data from Chainlink Price Feeds, their AMM can generate accurate prices on options contracts in a highly secure and reliable manner. Most notably, Chainlink Price Feeds have strong market coverage across all trading environments, mitigating exploits like exchange downtime and data manipulation attacks from flash loans.

Their initial integration of Chainlink Price Feeds is now live on both the Ethereum and Polygon (Matic) mainnets. Our AMM references the Chainlink Price Feeds for underlying assets (ETH, BTC and others) natively on both blockchains to continuously price options contracts, creating a greater amount of liquidity for all types of options markets.

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.

About Pods

Pods is a decentralized non-custodial options protocol. Users can create options and trade them through an Options AMM on the Ethereum Blockchain. Pods is the easiest way to hedge crypto in DeFi.

🔽DETAILS:

https://blog.pods.finance/pods-options-amm-integrates-with-chainlink-8d6dcd018d28

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