xDollar Integrates Chainlink Price Feeds to Help Secure Cross-Chain Stablecoin Lending Protocol
xDollar — a multi-chain, multi-collateral, 0%-interest-rate stablecoin lending protocol — has integrated Chainlink Price Feeds on Polygon, Avalanche, and Arbitrum mainnets. By integrating the industry-leading decentralized oracle network, xDollar has access to high-quality, tamper-proof price feeds needed to help secure the operation of our cross-chain stablecoin lending protocol. This will provide users with stronger assurances that collateralization ratios are based on real-time, accurate, and decentralized price feeds across the lending operations.
Initial integration involves the use of the following Chainlink Price Feeds: MATIC/USD price feed on Polygon, AVAX/USD price feed on Avalanche, and ETH/USD price feed on Arbitrum.
xDollar is a multi-chain, 0%-interest stablecoin lending platform where users can borrow a non-custodial stablecoin, xUSD, against their crypto assets on emerging chains with a minimum overcollateralization ratio of 110%. The platform implements a systematic liquidation mechanism and fair platform revenue fee distribution. xDollar’s vision is to democratize the intrinsic value of crypto assets on all emerging chains with more yield utilization.
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 xDollar
xDollar is an 0% interest-free stablecoin lending platform that users can borrow non-custodial stablecoin, xUSD against MATIC collateral on Polygon, AVAX collateral on Avalanche, and ETH collateral on Arbitrum with the lowest minimum collateral ratio of only 110%. The platform implements a systematic liquidation mechanism (xUSD pool) and fair platform revenue fee distribution (XDO pool). xDollar’s vision is to become the next-generation multi-collateral chain agnostic stablecoin.
Learn more about xDollar and get involved in the community
