Growth DeFi Integrates Chainlink Price Feeds
Growth DeFi Integrates Chainlink Price Feeds on the Binance Smart Chain mainnet for their collateralized stablecoin lending protocol: MOR
By integrating Chainlink’s industry-leading decentralized oracle network, the MOR protocol has access to high-quality, tamper-proof price feeds needed to ensure correct pricing of collateral assets and accurate processing of liquidations and lending ratios. This will provide our users with strong assurances that when depositing collateral on MOR they are receiving accurate price data and appropriate borrowed funds.
MOR is a leap forward in innovation for stablecoin borrowing, as it enables users to earn yield on their collateral while borrowing. This is achieved by allowing users to deposit yield-earning tokens as collateral, and enables leveraged yield-farming positions to be achieved by exchanging borrowed MOR for more collateral and repeating the borrowing process.
Chainlink Price Feeds offers following features:
— High-Quality Data
— Secure Node Operators
— Decentralized Network
— Reputation System
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.
About Growth DeFi
Growth DeFi is a decentralized ecosystem that focuses on capital efficiency and maximizing returns through a variety of products. The goal is to increase tokenholder value whilst maintaining the best yields and products in the market. Growth Defi is a multi chain ecosystem, with unique tokenomics to ensure maximum value over the long term.
