Athos Finance Integrates Chainlink Price Feeds
Athos Finance Integrates Chainlink Price Feeds To Help Secure Mirrored Asset Trading
Athos Finance integrates Chainlink Price Feeds on Moonbeam mainnet. By integrating, Athos Finance has access to high-quality, tamper-proof price feeds needed to facilitate mirrored asset trading on Athos Exchange. This will provide users with stronger assurances that Athos mirror assets are mint & trade base on precise global market prices available.
The Initial Integration
The initial integration involves the use of the following Chainlink Price Feeds: ATOM/USD, BNB/USD, BTC/USD, DOT/USD, ETH/USD, GLMR/USD, and LINK/USD. They chose Chainlink as our 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, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
In order to help secure their mirror asset trading functions on Athos Exchange. They need access to fresh asset prices that are supply directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we 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.
They integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading.
- Secure Node Operators — Secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises.
- Decentralized Network — Decentralized at the data source, oracle node, & oracle network levels. Generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
About Chainlink
Chainlink the industry-standard Web3 services platform across DeFi, insurance, gaming, NFTs, & other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications. With seamless access to real-world data and off-chain computation across any blockchain & provides global enterprises with a universal gateway to all blockchains.
About Athos Finance
Athos Finance the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through mirrored assets with infinite liquidity and no slippage.
