Dios Finance Integrates Chainlink Price Feeds
Dios Finance has access to high-quality, tamper-proof price feeds needed to help secure its bonding function. This will provide their users with stronger assurances that the bonding function references globally accurate fair market rates.
The initial integration involves the use of the following Chainlink Price Feeds: WBNB. Dios Finance chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols 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.
The bonding function allows DIOS to acquire its own liquidity and other reserve assets such as BUSD by selling DIOS at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of DIOS tokens entitled to the bonder, and the vesting term. It’s possible for the bonder to collect part of the incentives (DIOS tokens) as they vest, and the whole amount (or remaining amount after earlier claims) will be claimable at the conclusion of the vesting period.
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.
Dios Finance
Dios Finance is a decentralized protocol built on Binance Smart Chain that is protected by actual assets through frequent liquidity pool replenishment and community governance of the liquidity pool.
