Eve Exchange a non-custodial suite of DeFi trading tools including p2p spot and options products, has integrated Chainlink Automation.

The Eve Exchange is leveraging Chainlink Automation to securely and cost-efficiently trigger the execution of options settlement and create fair automated pricing updates. Furthermore, the use of Chainlink Automation eliminates the need for dual asset trading pools, eliminating MEV attacks and impermanent loss.

Eve decided to use Chainlink Automation to power our market-making function because it is the most reliable Web3 automation service. The Chainlink Automation Network is operated by the same pool of time-tested, provably reliable node operators that help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every trade is executed on time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.

Eve DeFi provides next-generation spot, options, and yield products with cross-chain support. Users can use a subscription to eliminate trading fees.

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.

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About Eve Exchange

Eve DeFi provides users with features that enhance and simplify non-custodial trading while improving opportunities. Eve DeFi provides next-generation spot, options, and multi-coin yield products with cross-chain support. Best of all, users can use a subscription to eliminate trading fees a first for any DEX.

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SOURCE:
https://blog.eve.exchange/eve-exchange-integrates-chainlink-automation-to-power-p2p-spot-and-options-trading-dd907642b593

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