Hundred Finance Expands Chainlink Price Feed Integration
Hundred Finance is pleased to announce that after successfully integrating Chainlink Price Feeds as a part of its Arbitrum and Fantom Opera launches, they have chosen to commit to using Chainlink oracle services in its ongoing multi-chain expansion.
Hundred Finance have selected Chainlink because it is the most time-tested decentralized oracle network in the blockchain industry, already helping secure tens of billions of dollars in value for leading DeFi protocols across Ethereum, Arbitrum, Fantom Opera, Binance Smart Chain, Polygon, Avalanche, and more. Chainlink Price Feeds have proven highly accurate and resilient for an extended period of time, even during unexpected events like exchange downtime, flash crashes, and flash loan attacks.
Hundred Finance is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies. In creating a premium service for our users, Chainlink Price Feeds play a crucial role in helping carry out critical on-chain functions such as determining the value of a loan and ensuring it remains sufficiently collateralized. This task is an essential component of maintaining platform health and stability, as users depend on the accuracy of this data at all times in order to protect their assets from unjust liquidation and reduce slippage during loan issuance.
“Oracles are a critical component of a decentralized lending protocol, so we’re incredibly pleased to have established this ongoing integration with Chainlink — by far the most secure and reliable oracle provider available today,” —vfat, Hundred Finance’s Founder and Lead Developer.
As the industry standard oracle network for powering hybrid smart contracts, Chainlink grants the high-quality data sources and secure off-chain computations Hundred Finance needs to expand its offerings and deliver superior borrowing and lending capabilities on any EVM-compatible blockchain.
ABOUT HUNDRED FINANCE
Hundred Finance is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies. As a multi-chain protocol, it integrates Chainlink Price Feeds to help ensure market health and stability while specializing in serving long-tail assets.
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.
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