Thor Financial Integrates Chainlink Price Feeds on Avalanche

Thor Financial— a next-generation hybrid DeFi-as-a-Service (DaaS) and Node-as-a-Service (NaaS) protocol — has integrated Chainlink Price Feeds on Avalanche mainnet. By integrating the industry-leading decentralized oracle network, Thor Financial has access to high-quality, tamper-proof price feeds that help ensure accurate node maintenance fees. This will provide their users with stronger assurances that the node maintenance fees on their platform are secure and reliable.

This integration involves the use of the following Chainlink Price Feed: AVAX/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.

Due to the high volatility of the market, relying on maintenance fees in the form of a flat AVAX value would not be beneficial. To combat this, they calculate node maintenance fees in USD, meaning users pay maintenance fees at a US Dollar rate instead of a flat AVAX value. Chainlink Price Feeds provide real-time accurate pricing to our smart contract to support the calculation of these amounts.

In addition to Chainlink Data Feeds, Thor Financial is looking forward to future Chainlink integrations with Chainlink Verifiable Random Function (VRF). They plan to use VRF in future NFT projects and their brand new P2E game, Gods of Asgard.

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 Thor Financial

Thor Financial is a hybrid DeFi-as-a-Service / Nodes-as-a-Service protocol whose aim is to provide passive income through the THOR token, which is built on the Avalanche blockchain.

Thor Financial has established itself as a leader within the node space, having amassed almost 200,000 nodes worth about 4.5 million THOR in the space of two quarters, and actively invested close to $2,000,000 of our treasury.