Solarbeam Has Integrated Chainlink Price Feeds
Solarbeam Integrated Chainlink Price Feeds Into Its Upcoming Lending and Borrowing Platform on Moonriver.
By integrating Chainlink’s industry-leading decentralized oracle network, we are helping to ensure that collateralization ratios and liquidations on Solarbeam’s upcoming lending and borrowing platform are backed by globally accurate fair-market rates.
For their initial integration, Solarbeam will support the following Chainlink Price Feeds for USD: WETH, WBTC, USDC, USDT, DAI, and LINK. Further down the road, Solarbeam will also add support for these Chainlink Price Feeds for USD: MOVR, MIM, FRAX, and KSM.
Chainlink Price Feeds provides following services:
— High-Quality Data
— Secure Node Operators
— Decentralized Network
— Transparency
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 Solarbeam
Solarbeam is the leading AMM on Moonriver Network, with a peak TVL of more than $180m. Launched on September 1st, Solarbeam has rapidly established itself as one of the mainstays in the Moonriver ecosystem.
