DeNet Integrates Chainlink Price Feeds to Help Power Accurate Price Display
DeNet — a decentralized storage-based ecosystem — has integrated Chainlink Price Feeds on Polygon mainnet. By integrating the industry-leading decentralized oracle network, DeNet will be able to display accurate prices on our platform.
Building trust in decentralized services is the mission of DeNet. It aims to become the first dApp ecosystem where all sides benefit from their participation in the Open Economy monetization model. Chainlink Price Feeds will help provide its community with stronger assurances that the prices displayed on our platform are globally accurate and reliable.
DeNet integrated Chainlink Price Feeds because they provide high-quality data sourced from numerous premium data aggregators, leading to price data that are aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
Chainlink’s oracle solution infrastructure is seamless to integrate and time-tested in production. DeNet also appreciates the security of Chainlink’s node operators and robust reputation system, which allows users to independently verify the historical and real-time performance of node operators and oracle networks. Another major reason for DeNet’s decision to integrate with Chainlink is its decentralized oracle networks, which help provide strong protections against downtime and tampering.
“Decentralization is a core principle of our philosophy. By integrating Chainlink into the DeNet Ecosystem, we’re able to show our users accurate prices on our platform. It is very important for us to build a trustworthy dApp ecosystem, so we chose to integrate Chainlink because of its proven and easy-to-implement infrastructure.” — Den Shelestov, co-founder of DeNet.
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. 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.
About DeNet
DeNet is building the truly decentralized storage-based dApp ecosystem. We have been developing solutions for a decentralized world since 2017, creating a secure and profitable alternative to traditional cloud services.
