Wraith Finance and Sy Finance Integrates Chainlink Price Feeds

Published on: 18.10.2021

Syfin.art recently launched WraithSwap, an innovative AMM and yield farming protocol that works as governance and reflection for Syfin. Both parties have integrated and are now sponsoring the widely used Chainlink Fantom Price Feeds that are currently deployed on the Fantom Opera Mainnet.

Buyers, sellers, investors, and collectors can now see the benefits of Chainlink’s large collection of pre-built and collectively funded Price Feeds. Price data provided by Chainlink Fantom oracles play a key role in Syfin.art and Wraithswap.finance by helping ensure correct asset valuations are referenced by users during NFT purchases and accurate exchange rates are referenced before conducting token swaps.

 

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. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

WraithSwap

WraithSwap, is an innovative AMM and yield farming protocol on the Fantom (FTM) blockchain.

Wraith (WRA) is the governance, reflection, and yield farm token for WraithSwap their Automatic Market Maker (AMM) with voting rights. Users who hold 1,000 $WRA automatically earn $SYF dividends and can participate in creating governance proposals for both the Wraith and Syfin platforms.

Syfin

Syfin.art is an innovative NFT platform where users can buy, sell, gift, mint, and discover rare digital assets with $SYF or $FTM. Artists can mint their NFT for free (Small $FTM gas costs only!) and users can earn and stake $SYF on syfin.art from NFT sales. Users who hold 200,000 $SYF automatically earn $BOO dividends.

 

Source

https://medium.com/@Syfinance/syfin-the-oracles-the-wraithswap-defi-platform-and-syfin-nft-market-integrate-chainlink-price-1e54482d7c7e

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