Kanpeki Integrates Chainlink Price Feeds to Help Secure Fixed-Rate Borrowing and Lending Services

 Kanpekithe fixed-rate, fixed-term, incentivized borrowing & lending platform — will integrate Chainlink Price Feeds as their exclusive oracle on Fantom and other blockchains. By integrating the industry-leading decentralized oracle network, we will gain access to the highest quality and most decentralized source of financial market data for an increasing number of crypto assets.

Chainlink is will be used to accurately determine principal amounts, collateral ratios, and more, which help secure user positions on Kanpeki. Powered by provably robust infrastructure, built-in flash loan resistance, and extreme reliability during periods of high gas prices, Chainlink decentralized price oracles provide users with greater assurance that their positions consistently reflect current market conditions.

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 Kanpeki

Kanpeki is an incentivized, non-custodial, individualized, fixed-rate borrowing and lending platform. Borrowers earn KAE for every debt they repay and lenders earn fixed interest on their deposits.

🔽DETAILS:

https://kanpeki.medium.com/kanpeki-integrates-chainlink-price-feeds-to-help-secure-fixed-rate-borrowing-and-lending-services-4ea1af5c5f90

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