UnoRe Integrates Chainlink Price Feeds
UnoRe Integrates Chainlink Price Feeds. This integration involves the use of the ETH/USD Chainlink Price Feed, with ability to scale up in the future to meet ecosystem demand.
Chainlink Price Feeds gives the ability to price assets on-chain. Opening up a new experience enabling users to review the real-time price of ETH in order to stake their assets in ETH Single-Sided Insurance Pool (SSIP) Selene. Helps cover insurance policies sold on our Cover Portal in return for high APYs.
Uno Re is a risk trading reinsurance platform built on the blockchain and open to the public. Reinsurance allows insurance policy writers to offload all or part of their risk to another entity, the reinsurer. Essentially, Uno Re offers insurance for insurance companies, disrupting the traditional insurance industry.
About Chainlink
Chainlink is the industry standard for building, accessing, selling oracle services 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. 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 Uno Re
Uno Re the world’s first decentralized insurance and reinsurance platform powered by Polkadot. Allowing community to invest and trade in ‘risk’ and receive sizable returns on investments in safest asset in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest into the market while also introducing much-needed transparency into the industry as a whole. Uno Re allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.
