Amy Finance Integrates Chainlink Price Feeds
Amy Finance integrates Chainlink Price Feeds on Arbitrum to provide you with the most smooth trading experience, as well as robust protection of your funds.
Chainlink Price Feeds have proven over an extensive period of time to showcase secure and stable performance, providing the industry’s most high quality price data and maintaining high reliability during times of extreme market volatility and network congestion. With Chainlink oracles going live on the Arbitrum Rollup Testnet and actively being integrated into the mainnet, we’re confident that Chainlink will continue providing the same levels of reliability and security but with the high-speed performance and low cost advantages of Arbitrum’s Layer2.
Amy Finance is a Layer 2 based & LP friendly Lending Protocol, with V1 supporting assembly pool, margin trading, and NFT mining. It implements a unique architecture that maximizes capital efficiency for liquidity providers via a single-asset staking experience, while at the same time avoiding impermanent losses and offering diversified income streams that are non-existent elsewhere. Amy Finance has integrated into pools with sufficient liquidity, particularly DODO and Wootrade, which can bring the best price for you who conduct margin trading.
We believe the synergy among Chainlink, Arbitrum, and Amy Finance is going to be enormous for the DeFi industry, bringing unprecedented scalability while retaining decentralization. Chainlink Price Feeds will be referenced by Amy Finance to trigger liquidations for undercollateralized loans and leveraged positions based on the most up-to-date global asset prices.
Some of the main reasons we selected Chainlink Price Feeds include:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and wash trading. Chainlink’s data aggregation model protects users from API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record of reliability.
- Decentralized Network — Chainlink Price Feeds are 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.
This architecture has established Chainlink as the most widely used decentralized oracle solution, securing tens of billions of dollars in value for the DeFi ecosystem. Our integration will open the door for seamless cooperation with many of projects in the Chainlink ecosystem. Additionally, it will enable us to easily launch new Chainlink Price Feeds and oracle solutions in the future to keep improving your experience and meet your demand.
What is Chainlink?
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
What is Amy Finance?
Amy Finance is a Layer 2 based & LP friendly Lending Protocol. Fair launch, without any presale or private investor. It helps users to earn safe and high yields.
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