Augmented Finance’s High-Yield Lending Pools On Gnosis Are Now Using Chainlink For Enhanced Security
Augmented Finance has successfully launched on Gnosis Chain, where it is currently one of the only available lending protocols in the ecosystem. To help ensure the Gnosis-based Augmented Finance protocol has the same security guarantees as it does on Ethereum, we are pleased to announce that Augmented Finance has integrated Chainlink Price Feeds on Gnosis Chain!
Through this new integration, Augmented Finance has access to high-quality, tamper-proof price feeds needed to help secure its lending and borrowing protocol on Gnosis Chain. With Chainlink Price Feeds on Gnosis, Augmented Finance can now securely open, close, and liquidate loans using globally accurate fair-market prices, all at the high native speed and low cost of Gnosis Chain.
The Augmented Finance team decided to integrate Chainlink trust-minimized services further because it features multiple notable benefits that make it stand out as an oracle solution. As well, Chainlink Price Feeds have been working flawlessly since the initial integration.
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.
