Lendr Finance Integration with Chainlink

Published on: 15.05.2024

Lendr Finance Integration with Chainlink Price Feeds and Automation, providing users with stronger assurances that loans are liquidated efficiently and in a fair-manner and ensure RWA index tokens are overcollateralized at all times.

Lendr Network democratizes financial access through decentralized RWAs tokens, spanning various asset classes like indices and real estate. By partnering with Chainlink BUILD, they gain access to their top-tier oracle services and technical support. As Lendr Finance announced their Integration with Chainlink.

Chainlink Automation

Chainlink Automation is a decentralized service for managing tasks for smart contracts. It utilizes reliable automation nodes to trigger smart contracts for critical on-chain functions, based on time intervals or external events like asset price changes.

  • 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.
  • 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, 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.

 

About Lendr Network

Lendr Network creates fully decentralized real world asset (RWA) index tokens representing any asset class, allowing on-chain companies and investors to diversify their holdings, hedge inflation, and use RWAs in DeFi.

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SOURCE: MEDIUM
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