Pods’ Options AMM x Chainlink Integration

Pods announced integration of Chainlink Price Feeds as a critical input that powers Options-Specific Automated Market Maker (AMM) algorithm.

By relying on price reference data from Chainlink Price Feeds, 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.

Pods’ main goal is to deliver the easiest and smoothest way for any user to hedge their crypto positions. They do this by offering users the ability to hedge volatility through the use of options contracts, which are one of the most common types of financial derivatives. With Pods, hedging market risk has never before been so easy for the end-user.

Their integration with Chainlink helps enable composable, continuous and decentralized risk management, which is vital for DeFi hedging. To appreciate the importance of this integration, it’s important to understand how protocol is designed.

Pods is a decentralized non-custodial options protocol that allows users to create call and put options contracts, and then trade them seamlessly within the Options AMM. Pods is built upon a system of non-upgradable smart contracts on the Ethereum blockchain and on Polygon.

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.

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.



Pods’ Options AMM x Chainlink Integration

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