MatrixETF x Chainlink Price Feeds Integration
MatrixETF is integrating Chainlink Price Feeds on Solana, so MatrixETF will have access to high-quality, tamper-proof price feeds needed to create a stable, safe, and efficient decentralized ETF product.
MatrixETF is the next generation of decentralized ETF platforms, supporting cross-chain functionality. According to the overall performance of the cryptocurrency market, MatrixETF will launch a series of conceptual ETFs to track the qualified tokens in the blockchain and DeFi industry.
Most ETF products on MatrixETF are supported by a basket of encrypted assets, which can be subscribed and redeemed at any time. These encrypted assets will participate in the interaction based on existing DeFi protocols, such as Compound lending, Uniswap liquidity mining, etc., and generate Vault returns, which will be returned to the users holding ETF products as additional income for them.
MatrixETF will leverage Chainlink Price Feeds to take the advantage of decentralized oracle networks, helping ensure that the data source itself reflects global market prices aggregated from across CEXs and DEXs. This will help provide smart contracts with accurate on-chain prices when the users Mint or Redeem ETFs.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications.
About MatrixETF
MatrixETF is the next generation of decentralized ETF platform to run the cross-chain, whose goal is to establish a decentralized, automated, personalized and diversified portfolio for users, as well as help users easily enjoy long-term, stable and efficient financial services.
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