MDEX x Chainlink Price Feeds Integration
MDEX has integrated Chainlink Price Feedson the HECO and Binance Smart Chain mainnets.
By integrating the industry-leading decentralized oracle network, MDEX now has access to high-quality, tamper-proof price feeds needed to help secure the accuracy of platform analytics in DEX ecosystem. This will provide users with stronger assurances that liquidity provider (LP) rewards and trading volumes on MDEX are calculated using tamper-proof and globally accurate market rates.
The initial integration involves the use of 16 Chainlink Price Feeds on HECO and 14 Chainlink Price Feeds on BSC. They chose Chainlink as go-to oracle solutionsecure the accuracy of platform analytics in DEX because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFiprotocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
“Chainlink oracles are the best way to obtain a reliable and secure source of market data in the world of DeFi. By integrating Chainlink, we now have access to high-quality price data for a wide variety of assets across multiple blockchains, helping us calculate accurate analytics and provide a more robust platform for our users.” — MDEX team
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 MDEX
MDEX.COM supports the decentralized cross-chain transaction protocols of BSC, HECO and ETH, and ranks first in the DEX rankings by CoinMarketCap and CoinGecko. MDEX.COM innovatively combines the different advantages of various basic public chains, and creates a well-rounded and composite DEX ecosystem with high performance. The “dual mining” mechanism of liquidity mining and transaction mining brings greater returns to the participants, and the transaction fee “repurchase and burn” mechanism realizes a closed and self-driven loop for value capture. It runs on the HECO,ETH and Binance Smart Chain (BSC). Users can use MDEX Bridge to realize cross-chain interoperability between HECO, ETH and BSC.
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