Shield Protocol Integrates Chainlink Price Feeds

Published on: 09.10.2021

By integrating Chainlink’s industry-leading decentralized oracle network, Shield Protocol has access to high-quality, tamper-proof price feeds needed to allow users to trade at a fair three-way price. This will help provide their users with strong assurances that index prices are accurate and cannot be manipulated when used within Shield perpetual options.

Their initial integration involves the use of the following Chainlink Price Feeds: the BTC/USD pair and ETH/USD pair on BSC.

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.

Shield Protocol

Shield is building a one-of-a-kind decentralized protocol for future derivatives infrastructure, enabling global borderless access to finance. Upon the Mainnet Beta launch, on a technical and strategic front, Shield’s closing in on being one of the 1st projects to deliver on-chain perpetual options without the risk of margin liquidation.