Augmented Finance & Chainlink Integration
Augmented Finance has integrated Chainlink Price Feeds on Gnosis Chain.
Through this new integration, Augmented Finance has access to high-quality, tamper-proof price feeds needed to help secure its lending and borrowing protocol on Gnosis Chain. With Chainlink Price Feeds on Gnosis, Augmented Finance can now securely open, close, and liquidate loans using globally accurate fair-market prices, all at the high native speed and low cost of Gnosis Chain.
The Augmented Finance team decided to integrate Chainlink trust-minimized services further because it features multiple notable benefits that make it stand out as an oracle solution. As well, Chainlink Price Feeds have been working flawlessly since the initial integration.
“Chainlink is simply the best oracle solution available in the multichain ecosystem. Thanks to its highly decentralized architecture, Chainlink has an extremely strong, time-tested performance history, including during adverse market conditions and black swan events. We’ve battle-tested Chainlink on Ethereum, BNB Chain, and Avalanche since October 2021, and we’re absolutely confident it is the best oracle solution in the industry,” stated the Augmented Finance team.
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 Augmented Finance
Augmented is on a mission to build an open, efficient, and globally accessible financial system.
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