Coinversation Protocol To Integrate With Chainlink Price Feeds Data Oracles
Coinversation a collateralized synthetic asset issuance protocol and AMM-based DEX on Polkadot announced its plan to integrates with Chainlink Price Feeds Data Oracle
By integrating Chainlink’s price reference data, Coinversation can ensure synthetic assets are issued, traded, and redeemed according to the current fair market prices.
“We look forward to integrating Chainlink Price Feeds to create a highly robust and feature-rich synthetic asset issuance and trading platform for the Polkadot ecosystem. As the most mature oracle solution, Chainlink’s highly precise, tamper-proof, and up-to-date price data ensures Coinversation’s synthetic assets and decentralized exchange services are fair and reliable for all users.” ~Lin Chen, Co-Founder Coinversation
The integration will be made possible in an accelerated manner thanks to the recently released Substrate oracle pallet, which enables any Polkadot ecosystem project to easily obtain access to Chainlink Price Feeds.
About Coinversation Protocol
Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles.
About Chainlink
Chainlink is a blockchain-based cryptocurrency network that provides a link between real world data and smart contracts. It also offers a tradable cryptocurrency token called LINK, which is used to pay for smart contract transactions on the Chainlink network.
