Morphswap Integrates Chainlink Price Feeds
Morphswap Integrates Chainlink Price Feeds, Morphswap has access to high-quality, tamper-proof price feeds needed to help determine proper cost rates for protocol usage.
This will provide the users with stronger assurances that no malicious user can spam the protocol with transactions that would be detrimental to the protocol’s performance. As Morphswap Integrates Chainlink Price Feeds.
Chainlink Price Feeds
- High-Quality Data — Source 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. Chainlink’s data aggregation model generates more precise global market prices. That are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Provides a 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.
“From this project’s inception, there was never a question in my mind, that, should we manage to accomplish our technological goals, it would be with a heavy dependence on Chainlink.” — Eric, Morphswap Founder
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.
Morphswap is one of the industry’s first cross-chain Uniswap-style AMMs. While being fully decentralized, and governed entirely by the holders of Morphswap’s governance token. Morphswap offers a seamless cross-chain transaction experience that improves upon current cross-chain technology. In three key categories: speed, price, and extensibility.