Volare Finance Integrates Chainlink
Volare Finance integrates Chainlink Price Feeds to help secure options trading. By integrating the industry-leading decentralized oracle network, Volare Finance now has access to high-quality, tamper-proof price feeds needed to help foster DeFi crypto options trading by providing trading tools that professional options traders use.
This provides its users with stronger assurances that Volare Finance eliminates the credit risk issues related to option trading in the over-the-counter (OTC) market in the conventional financial world by providing traders with fair and accurate market prices.
Volare’s initial integration involves the use of the following Chainlink Price Feeds:
- USDC-USD
- BTC-USD
- ETH-USD
- AVAX-USD
They chose Chainlink as its 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. It also maintains robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Volare Finance Mechanism
The Volare mechanism stimulates trading in DeFi crypto options while providing experienced options traders with important information. It is ideal for options trading because of the product’s exceptional features, which users will value. The Volare protocol’s fundamental unit is an order book.
The Volare team has experience with traditional financial derivatives, and the product is at a fairly reasonable price. Its options trading platform gives users the benefits of profit-sharing, AMM functionality, exotic options products, market hedging, financial instructions, on-chain execution, and interest yields.
In order to help secure our decentralized options platform, Volare 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, Volare also needs to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by its application.
“We are happy to integrate Chainlink Price Feeds, a time-tested and proven solution to the blockchain oracle problem that acts as critical infrastructure for Volare Finance.”— Astra, Technical Director at Volare Finance
Volare Finance is pleased to integrate the proven Chainlink price data solution to help power a secure decentralized options trading experience.
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.
ABOUT Volare Finance
Volare is a leading provider of options trading. Provides a transparent, trustworthy, and convenient decentralized mechanism for options trading which imitates the serviceability of centralized exchanges.
