DeXe Network Integrates Chainlink Price Feeds and Chainlink Keepers
Dexe Network is integrating industry-leading oracle network Chainlink to help power multiple platform features. The first, is using Chainlink Price Feeds to list current fair market exchange rates and generate price charts within the DeXe Investment platform. The second, involves an upcoming integration of Chainlink Keepers to enable limit order functionality within its new LimitSwaps product. By integrating both Chainlink Price Feeds and Keepers, DeXe will ensure that their products are highly reliable, backed by high quality data, and easy to use for our growing social trading community.
“We looked at all the decentralized solutions on the market and it’s obvious that no one comes close to Chainlink. For DeXe Network users, there is no compromising on price feed speed, accuracy, and security.”— Dmitriy Kotliarov, DeXe Network’s Co-Founder
On the DeXe Investment platform, Chainlink Price Feeds convert a wide range of assets into USD, helping its users understand the USD value of any asset and the total value of their portfolio at any time. This functionality helps users pick traders with any primary asset without worrying about relative value. For example, users can choose the trader with ETH or DEXE as their primary asset, and still know the USD value without having to convert anything.
For LimitSwaps product, DeXe plan to integrate Chainlink Keepers to monitor asset prices and trigger its smart contract function when it meets a limit order threshold. Chainlink Keepers are basically a decentralized bot-as-a-service that uses the same pool of professional node operators to automate the calling of various SC functions. Chainlink Keepers leverage secure, low-cost, and verifiable off-chain computation to consistently monitor market conditions and then call the DeXe smart contract when users’ limit orders are satisfied. Practically, this means that anyone using DeXe’s Limit Swaps will have peace of mind knowing that their limit orders will automatically be executed correctly, timely, and in a trust-minimized manner.
ABOUT DeXe Network
Dexe.Network is a decentralized social trading platform that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.
ABOUT 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.
