EMDX Integrated Chainlink Price Feeds
EMDX integrated Chainlink Price Feeds on Avalanche mainnet.
EMDX has Integrated Chainlink Price Feeds, access high-quality tamper-proof price feeds to ensure that crypto perpetual swap contract results are based on reliable market data.
Their initial integration involves the use of the following Chainlink Price Feeds: BTC/USDC, AVAX/USDC, and ETH/USDC. They chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. 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.
EMDX’s objectives are to introduce synthetic crypto assets to the Web3 ecosystem and to create the next generation of creative DeFi commodities while preserving the essential qualities of DEXs. In addition, EMDX aims to do this without compromising the basic features of DEXs. These aspects include self-custody of money, ready-to-use services, and near-instantaneous asset transfers.
About Chainlink
Chainlink builds, accessing, and sells oracle services required to support hybrid smart contracts on any blockchain. Chainlink oracle networks enable smart contracts to connect to external APIs and use safe off-chain calculations for feature-rich apps.
About EMDX
EMDX is a decentralized derivative protocol with an in-house spot market, expanding risk hedging tools for traditional assets into the DeFi environment and allowing token listing “on demand” with “liquidity as a service” from the start. EMDX has been available on the Avalanche mainnet since June 20th, 2022.