Euphoria Integrates Chainlink Price Feeds
Euphoria has integrated Chainlink Price Feeds on the Harmony mainnet, marking the first step towards introducing new and unique mechanisms and products on Harmony. The initial integration will enable Euphoria to access a reliable ONE/USD Chainlink Price Feed when users mint WAGMI tokens on Euphoria Money at a discount using ONE tokens.
Euphoria is an algorithmic reserve currency protocol on Harmony based on the WAGMI token. Each WAGMI token is backed by a basket of assets (e.g. DAI, UST, WAGMI-DAI LP tokens, WAGMI-UST LP tokens, etc.) in the Euphoria Treasury, giving it an intrinsic value that it cannot fall below. Similar to Wonderland and Olympus, Euphoria also introduces economic and game-theoretic dynamics into the market through staking and purchasing bonds.
“We are pleased to integrate Chainlink Price Feeds and further the growth of advanced DeFi use cases on Harmony. Chainlink is the most reliable price oracle provider in the space, and will provide Euphoria with stronger assurances for reliability and security.” — 0xViper, Lead Dev at Euphoria
ABOUT Euphoria
Launched by VenomDAO in November 2021, Euphoria is Harmony’s leading algorithmic reserve currency protocol, based on the WAGMI token. Euphoria bridges the gap between DeFI 1.0’s liquidity mining mechanisms and DeFi 2.0’s protocol owned liquidity mechanisms.
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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