Plexus Integrates Chainlink Price Feeds
Plexus Integrates Chainlink Price Feeds, providing users with stronger assurances that Optimal trades that can happen in a cross-chain swap.
By integrating the industry-leading decentralized oracle network, PLEXUS has access to high-quality, tamper-proof price feeds needed to Chainlink has significantly stabilized price impact calculations in PLEXUS cross-chain swaps. As Plexus Integrates Chainlink Price Feeds.
Their initial integration involves the use of the following Chainlink Price Feeds: Ethereum-based 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.
Chainlink Price Feeds
- High-Quality Data — Source data from numerous premium data aggregators, leading to price data that’s 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.
- Secure Node Operators — Secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
About PLEXUS
PLEXUS is a revolutionary cross-chain aggregator service that enables seamless and cost-effective trading of tokens across different blockchain networks. With PLEXUS, users can easily and securely swap tokens across heterogeneous chains with a single confirmation, thanks to their innovative Theta algorithm that analyzes liquidity data from multiple chains to support the cheapest cross-chain transactions.
About Chainlink
Chainlink is the industry-standard Web3 services platform. That has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network. Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data. And off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
