OVO Integration with Chainlink PriceFeeds
OVO Integration with Chainlink PriceFeeds, OVO has access to high-quality, tamper-proof price feeds needed to use web3 to get price data from aggregatorV3InterfaceABI.
This will provide their users with stronger assurances. That they can get accurate information about the price as pairs on the Marketplace. As OVO announced its integration with Chainlink PriceFeeds.
Their initial integration involves the use of the following Chainlink Price Feeds: BNB/BUSD. Moreover, they chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Furthermore, 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.
Chainlink Price Feeds
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that is aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Furthermore Chainlink’s data aggregation model generates accurate global market prices. That are resistant to API/exchange downtime, flash crash outliers, and data manipulation attacks.
- High Update Frequency — Chainlink Price Feeds can perform frequent price updates at minimal costs, resulting in precise price data that consistently reflects current market conditions.
- Robust Infrastructure — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime during market volatility.
- Transparency — Robust, publicly available reputation frameworks and on-chain monitoring tools allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services. Needed to power hybrid smart contracts on any blockchain. Moreover, their 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. Furthermore `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 OVO NFT Platform
OVO (ovo.space) is the biggest web3 NFT platform in Japan, providing ecosystem solutions for NFT creators or projects by integrating Maindrop, Mystery Box, Auction, Marketplace, Fusion, Genesis, Picture Book and other functions.
