Dolomite Integrates Chainlink

Published on: 21.10.2022

Dolomite — an advanced margin trading, lending, borrowing, and hedging protocol — has integrated Chainlink Price Feeds on Arbitrum mainnet. By integrating the industry-leading decentralized oracle network, Dolomite has access to high-quality, tamper-proof price feeds needed to help secure collateral calculations in its margin lending protocol. This will provide our users with stronger assurances that the price data helping to secure collateral calculations and liquidations is reliable and secure.

Their initial integration involves the use of the ETH/USDC and USDC/USD Chainlink Price Feeds. They chose Chainlink as their 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.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and 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 and provides global enterprises with a universal gateway to all blockchains.

About Dolomite

Dolomite is a next-gen margin trading protocol offering high capital efficiency and the ability to support a much broader range of assets for use in margin trading and borrowing than is available elsewhere in DeFi. This means users can earn more and perform more powerful trading, borrowing, and hedging than ever before, all from a clean and easy-to-use interface.

SOURCE:

https://medium.com/dolomite-official/dolomite-integrates-chainlink-price-feeds-to-help-secure-collateral-calculations-c6ca2719dc28

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