Chainlink Price Feeds Now on Metis
Chainlink Price Feeds now on Metis Andromeda helping provide its DeFi ecosystem with high-quality price data. Smart contract developers can now secure their applications with high-quality, decentralized price data natively on Metis, helping them to build highly scalable, low-cost, and feature-rich applications.
The integration of Chainlink Price Feeds supports the expansion and security of Metis’s DeFi ecosystem, giving developers the decentralized infrastructure required to build increasingly sophisticated yet cost-effective blockchain-based applications.
Metis is now able to enter its next phase of growth, enabling advanced functionality and driving further innovation across the DeFi ecosystem.
CHAINLINK PRICE FEEDS INTEGRATION
Metis developers can start developing with Chainlink Price Feeds by referencing Metis developer documentation.
Furthermore, Chainlink Price Feeds are on-chain price reference contracts powered by decentralized oracle networks. In addition, each decentralized oracle network is made up of numerous Sybil-resistant node operators. Likewise, source prices from high-quality data aggregators to generate accurate market prices back by wide market coverage. It is also an infrastructure without single points of failure. Additionally, Chainlink Price Feeds already help secure tens of billions of dollars in on-chain value across DeFi.
METIS LAYER 2 SOLUTION
Moreover, Metis is a layer-2 network built on top of Ethereum that’s highly scalable, low-cost, and fully functional. Using the Metis Virtual Machine (MVM), developers can take advantage of the fast transaction speed, native storage capability, rich functionality, and low transaction fees needed to build fully featured yet cost-effective dApps.
METIS DEFI ECOSYSTEM
The Metis DeFi ecosystem has already seen exciting growth with protocols such as Beefy Finance, Pickle Finance, and Synapse Network launching on the network, and this Chainlink Price Feeds integration is set to drive even more growth.
CHAINLINK AND METIS COMBINATION
Moreover, by combining Metis and Chainlink, developers can build highly scalable, externally connected blockchain applications with strong security and reliability guarantees. Chainlink Price Feeds leverage several key design features. It also helps ensure smart contracts always receive the most accurate and up-to-date financial market data.
Furthermore, each Chainlink Price Feed secures by a network of independent security-reviewed nodes run by professional DevOps. Additionally, these nodes are Sybil-resistant. Have a strong and verifiable history of being highly available during outlier periods of extreme volatility.
“Chainlink Price Feeds will accelerate innovation in the Metis ecosystem, enabling DeFi applications to support advanced functionality that improves the user experience. Given the demand for more affordable and faster Web3 applications, our scalable layer-2 solution, in combination with Chainlink Price Feeds, is set to help accelerate the adoption of DeFi and enable innovative new use cases.”— Elena Sinelnikova, Co-Founder and CEO of Metis
“We’re pleased to support the Metis ecosystem with the native integration of Chainlink Price Feeds, enabling developers to build scalable DeFi platforms on top of Ethereum. With high-quality, hyper-reliable, and decentralized market data accessible, developers can build more advanced dApps that offer users a superior user experience.”— Niki Ariyasinghe, Head of Blockchain Partnerships at Chainlink Labs
Ultimately, the combined benefits of Chainlink and Metis enable feature-rich, cost-effective DeFi applications. Comes with high transaction speeds, high-quality data, and low transaction fees.
ABOUT Metis
Metis Andromeda is a Layer-2 built on top of Ethereum. It comes with a full EVM-compatible smart contract. A rich dApp ecosystem as well as inheriting Ethereum’s security features.
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. Leverage secure off-chain computations for enabling feature-rich applications.
