PearDAO integrates Chainlink Price Feeds
By integrating the industry-leading decentralized oracle network, PearDAO has access to high-quality, tamper-proof price feeds needed to display highly accurate and reliable price data on the Pear Market. One of the main benefits of Chainlink Price Feeds is that they feature multiple layers of aggregation to help eliminate single points of failure and ensure Pear Market’s asset prices consistently reference globally accurate market rates.
Their initial integration involves the use of the following Chainlink Price Feeds: USDT/USD, BUSD/USD, and USDC/USD. They 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.
PearDAO facilitates the trading of on-chain and off-chain assets by allowing users to directly trade with each other on the Pear Marketplace. The types of assets to be traded are determined by DAO members through the Pear DAO voting system.
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.
Pearson
PEAR is a decentralized online marketplace. Our goal is to provide an open, free, decentralized marketplace that facilitates the exchange of goods and value using a decentralized payment system (cryptocurrencies), a decentralized marketplace (PEAR network) and a decentralized Moderator (PEAR DAO).
