SmashCash Integrates the BNB/BUSD Chainlink Price Feed to help secure swaps on BNB Chain.
SmashCash is a layer-1, Certik Audited Privacy and DeFi protocol that supports 12 blockchains and 30 tokens that have integrated the BNB/BUSD Chainlink Price Feed on the BNB Chain mainnet. Moreover, by integrating the industry-leading decentralized oracle network, SmashCash has access to high-quality, tamper-proof price feeds needed to help power SmashCash swaps between the BNB/BUSD trading pair. In addition, this provides its users with stronger assurances that SmashCash is using high-quality, up-to-date prices for BNB/BUSD swaps.
Furthermore, SmashCash is a novel Layer 1 Private and Anonymous Protocol plus DeFi swap exchange receiving the highest Certik Audited security score among all BNB Chain projects. In addition, the SmashCash ecosystem consists of SmashCash Swap, Staking Pools, and a native NFT marketplace.
In order to help secure an accurate execution price for its BNB/BUSD pair on SmashCash Swap. They needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, they needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.
“While SmashCash has unique advantages in privacy preservation. Chainlink Price Feeds help us compete with other major decentralized exchanges in the BNB Chain ecosystem. By providing accurate price data to support highly secure swaps.” — the SmashCash Team.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Furthermore,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.
SmashCash is a Layer 1 Privacy Protocol that supports Private and Anonymous Transactions. In addition, it supports the 12 most popular Blockchains with 30 tokens. It is also using Zk-Snark Algorithm, SmashCash separates on-chain links between the destination and the recipient address.