Lendefi Integrates with Chainlink Price Feeds
The initial integration will utilize the following Chainlink Price Feeds:
They chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink Price Feeds provide the wide market coverage needed for the Lendefi protocol to facilitate decentralized leveraged trading. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. In short, Chainlink Price Feeds enable the Lendefi protocol to receive high-quality price reference data at all times, helping the protocol become more resilient and secure.
“Chainlink is the industry leading decentralized oracle network with a proven track record of providing secure and reliable infrastructure to the greater blockchain ecosystem. Lendefi has integrated Chainlink Price Feeds to further secure trading, lending, and borrowing in the protocol, and to help ensure that reliable, high-quality price feeds are used at all times. Moreover we have been researching the technology and use cases of Chainlink Keepers with a focus on how the Lendefi Protocol can benefit from this technology in the future” — Scott Schulz, Lendefi CEO
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.
Lendefi Protocol
The Lendefi protocol will deliver leveraged trading and secured lending to cryptocurrency markets. Utilizing an undercollateralized loan model, Lendefi facilitates a trustless relationship between lender and borrower, managed by the protocol to remove counterparty risk.
