Traditionally, DEXs rely on on-chain data for pricing. But, this approach is limited because it only reflects the prices on the specific blockchain where the DEX is deployed. To overcome this limitation, DEXs increasingly leverage oracles. These are external services that connect to real-world data sources and provide verified price feeds to the blockchain.

One crucial benefit of oracles is that they enable cross-chain price discovery. For example, a DEX on Ethereum can use an oracle to access the price of a token on Binance Smart Chain. This allows for more accurate pricing and more efficient arbitrage opportunities. Furthermore, oracles enhance security by providing tamper-proof data feeds, reducing the risk of price manipulation and market manipulation.

In addition, oracles empower DEXs with greater flexibility. Instead of relying solely on on-chain data, DEXs can integrate data from various sources, like off-chain markets, which allows for more accurate and dynamic pricing.

Overall, the integration of oracles significantly improves the functionality, security, and efficiency of decentralized exchanges. This opens up new possibilities for cross-chain trading and unlocks the full potential of the decentralized finance ecosystem.

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The initial integration will use the following Chainlink Price Feeds: wstETH/ETH, ETH/USD, wBTC/BTC, BTC/USD, USDC/USD, USDT/USD, DAI/USD.

They chose Chainlink as the protocol’s 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.

Term Finance enables fixed-rate lending for the Web3 community by matching borrowers and lenders through a term auction smart contract. Here’s how it works.

First, borrowers and lenders submit bids or offers. Borrowers submit bids for loans and lenders submit asking rates. The term auction contract then uses an algorithm to select a fixed rate that clears the market. All lenders who asked less than the clearing rate are able to lend, and all borrowers who bid more than the clearing rate are able to borrow at the rate. After borrowers and lenders are matched at a selected fixed rate, Term Finance provides the tools for borrowers and lenders to monitor their collateral and positions. At maturity, borrowers repay the principal and interest to unlock their collateral.

In order to help monitor the price of borrowers’ collateral, the protocol needs access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a‏ volume-weighted average from all trading environments. Thus, the protocol needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

About Term Labs

Term Labs is a blockchain research and development company founded by a team with deep traditional finance, big tech, and decentralized finance experience. Term Labs is dedicated to the development of robust, transparent, and scalable fixed-rate lending on blockchains.

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.

SOURCE:

https://term.finance/termchainlinkpartnership/

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• IBO1—the iShares $ Treasury Bond 0-1YR UCITS ETF, IBO1 is an exchange-traded fund (ETF) traded on the London Stock Exchange that provides exposure to US Dollar-denominated short-term government bonds issued by the US Treasury. The ETF specifically targets US government bonds with remaining maturities between zero and one year.
• IBTA—the iShares $ Treasury Bond 1-3YR UCITS ETF, IBTA is a fixed-income ETF traded on the London Stock Exchange that provides exposure to short-term US treasuries with direct investment in government bonds, specifically those with remaining maturities between one and three years.
• CSPX—the iShares Core S&P 500 UCITS ETF, CSPX is an ETF traded on the London Stock Exchange that tracks the performance of the S&P 500 Index, which is composed of a basket of the 500 largest U.S. companies by market capitalization.

Chainlink pricing Feeds enable the DeFi ecosystem to securely incorporate bIB01, bIBTA, and bCSPX (Backed Finance’s tokenized representation of the aforementioned assets) within their protocols by assisting in the provision of secure and trustworthy pricing data for these real-world assets.

As a leading pioneer in tokenized RWAs, Backed Finance issues freely transferable backed Tokens (bTokens) on the blockchain that track the prices of publicly traded assets.

However, growing the adoption of these assets within the larger DeFi ecosystem requires robust and independent pricing data, which unlocks the ability to securely leverage these assets within advanced decentralized protocols.

As the industry-standard price oracle solution for the Web3 ecosystem, Chainlink Price Feeds have a proven history of reliability, security, decentralization, and widespread adoption within the DeFi ecosystem. It was mission-critical that the price data for IBO1, IBTA, and CSPX was made available on-chain by Chainlink Price Feeds specifically.

In the near future, they also plan to integrate Chainlink Proof of Reserve—the leading asset collateral monitoring service in Web3—to enhance the transparency of Backed’s products and help provide a publicly accessible, real-time collateralization information for Backed products.

About Backed Finance

Backed is a Swiss start-up bridging real-world assets on-chain. Backed issues on-chain tokens that track the value of real-world assets, such as stocks or ETFs. Tokens are freely transferable across wallets, are fully collateralized by the underlying asset, and are issued in compliance with the Swiss DLT act.

Backed’s tokens are not offered, sold or delivered within the United States, or for the account or benefit of U.S. Persons.

Backed is not affiliated with or licensed by iShares, BlackRock Inc., BlackRock Fund Advisors and any of its affiliates and bIB01, bIBTA and bCSPX are not iShares products.

About Chainlink

Chainlink is the industry-standard Web3 services platform. It has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink empowers 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.

SOURCE:

https://backed.fi/news-updates/chainlink-price-feeds

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Stella’s initial integration involves the use of the following Chainlink Price Feeds: ETH/USD, ARB/USD, USDT/USD, USDC/USD, and BTC/USD. They chose Chainlink because its infrastructure is seamless to integrate and time-tested in production.

Stella’s mission is to redefine how leveraged DeFi works. DeFi needs a good leverage system in order to drive more usage to DEXs and money markets, the fundamental building blocks of DeFi. With the growing usage of these fundamental primitives, new innovations and more protocols can arise and tap into the deep liquidity and robust foundation. Stella’s zero-cost borrow system and Pay-As-You-Earn model, for the first time, align incentives between borrowers and lenders, presenting a new and better way for leveraged DeFi — a way where one party does not lose when the other party gains.

In order to help secure DeFi strategies, Stella needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, it is best to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain.

About Stella

Stella is a leveraged strategies protocol with 0% cost to borrow.

At Stella, users can take leverage on supported DeFi strategies without paying any borrowing cost. Lenders can earn real yield shared from the borrowers as a lending APY, the more the borrowers get, the more the lenders earn. Users can access on-chain leveraged strategies with 0% cost to borrow that have high yield potential and capital efficiency.

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.

SOURCE:

https://medium.com/@stellaxyz_/stella-integrates-chainlink-price-feeds-to-help-secure-leveraged-defi-strategies-ab64b171086d

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Zeta Markets proudly announces its integration with Chainlink Price Feeds on Solana Mainnet. To initially use the following Chainlink Price Feeds: BTC/USD, ETH/USD, and SOL/USD.

Zeta may increase the performance and robustness of its trading exchange by utilizing Chainlink’s dependable, high-speed, and decentralized pricing feeds. Introducing Chainlink as a trustworthy oracle provider will aid in the settlement of perpetuals and other contracts on Zeta with even more precision and dependability.

Introduction

Zeta Markets is a derivatives platform featuring a completely on-chain risk engine and a Central Limit Order Book (CLOB). Solana is the only mature ecosystem that offers the engineering freedom required to run such an application while maintaining decentralization.

Chainlink Price Feeds are an important factor of the trade infrastructure required for DeFi on Solana to thrive. Solana is one of the most performant chains for institutional finance because to its mix of institutional-grade oracles, high-throughput base layer, and varied validator set. Fortunately, Chainlink has demonstrated its ability to gently traverse unanticipated situations. This is critical for systems that deal with trade execution and risk management. Particularly those that offer the additional assurances afforded by web3.

“We’re excited to integrate Chainlink Price Feeds on Solana to help increase the resiliency and security of our protocol. We take platform security very seriously, so it’s critical to us that we leverage Chainlink’s industry-leading oracle solution to help ensure our protocol is as robust as possible to adverse market events.” — Tristan Frizza, Founder of Zeta Markets

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 allows developers to create feature-rich Web3 apps with real-world data and off-chain computing. Across any blockchain and provides a common gateway to all blockchains for multinational organizations.

Website | Twitter

About Zeta

Zeta’s objective is to build a futures and options exchange that is quick, liquid, and decentralized. Built on Solana, we’re the world’s first decentralized exchange with a fully on-chain orderbook offering a suite of derivatives products: Options, Dated Futures & Perpetual Swaps.

Website | Twitter

SOURCE

https://blog.zeta.markets/zeta-markets-leverages-chainlink-price-feeds-to-secure-perpetuals-exchange-669937847e52

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Integration Highlights

Only1, one of the first NFT-powered social platforms on Solana, has integrated Chainlink Price Feeds on Solana mainnet!

Through this integration, Only1 has access to high-quality, tamper-proof price feeds needed for the native NFT marketplace.

Indeed, this integration helps provide their users with stronger assurances that the NFT marketplace has a reliable source of price data and helps users make educated and informed decisions.

Only1 initial integration Chainlink Price Feeds

Only1 initial integration involves the use of the following Chainlink Price Feeds: SOL/USD. They chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Moreover, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value. Hence, maintaining robust security and high availability even amidst unexpected events. Such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

However, by merging existing social network capabilities with blockchain and NFTs. Only1’s SocialFi (social finance) aims to revolutionize the relationship between creators and their fans by introducing a C2E (Create-to-Earn) model that incentivizes and rewards both creators and fans at the same time. Built on the Solana blockchain, Only1 provides an accessible, low-cost solution for users — especially Web2 creators. Indeed, by using Only1’s one-stop platform, users can enjoy and participate in SocialFi by creating content and engaging with other users to start receiving rewards.

Chainlink Price Feeds Features

• High-Quality Data
• Secure Node Operators
• Decentralized Network 
• Reputation System

“Chainlink Price Feeds are the most widely adopted and credible solution in the industry. This integration helps bring accurate and real-time prices to Only1, giving our development team more time to focus on building more novel social features for creators and our community.” — Leon Lee, Founder and CEO at Only1.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain.

Website | Twitter

About Only1

Backed by Alameda Research, Solana Foundation, and Animoca Brands. Only1 is an NFT-powered social platform on Solana that aims to decentralize and empower direct creator-fan relationships.

Website | Twitter

SOURCE

https://only1nft.medium.com/only1-integrates-chainlink-price-feeds-to-help-power-its-nft-marketplace-5d801c69ad5

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Through this integration, developers can now leverage Chainlink Price Feeds industry-leading oracle network on Moonbeam to help them build DeFi applications using high-quality, decentralized data—all without leaving the Polkadot ecosystem.

Integration HighLights

To begin with, the availability of Chainlink Price Feeds completes a critical piece of Moonbeam’s developer infrastructure, bringing a proven oracle network to the top DeFi applications building on the Moonbeam network.

Moreover, the integration of Chainlink Price Feeds helps builders reliably source aggregated price information from many exchanges, helping ensure price accuracy. With this integration, Moonbeam can enter its next phase, paving the way for more sophisticated DApps to launch on the network.

Furthermore, as a parachain on the Polkadot network, Moonbeam serves as a smart contract platform and can natively interoperate with the Relay Chain and other parachains. Hence, through Moonbeam’s integration with Chainlink Price Feeds, developers can now access high-quality asset data on Polkadot, the second most active developer ecosystem after Ethereum, according to Electric Capital.

Similarly, Moonwell Artemis, a collateralized lending protocol on Moonbeam, uses Chainlink Price Feeds to power lending.  In other words, it borrows price data from a wide range of tokens available on the Polkadot ecosystem, including DOT.

Chainlink Price Feeds

Chainlink Price Feeds are on-chain price reference contracts powered by decentralized oracle networks. Mainly, each decentralized oracle network comprises numerous Sybil-resistant node operators, which source prices from high-quality data aggregators to generate accurate market prices backed by comprehensive market coverage and infrastructure without single points of failure. Hence, Chainlink Price Feeds already help secure tens of billions of dollars in on-chain value across DeFi, including for top protocols like Aave, Compound, Sushi, and more.

Ultimately, the combined benefits of Chainlink and Moonbeam allow for highly-scalable, low-cost, EVM-compatible DeFi applications on Polkadot that are consistently in sync with global financial markets. Indeed, these applications can also take advantage of Moonbeam’s native cross-chain interoperability to power new kinds of multi-chain DApp architectures, which will be a driving force in the next year.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain.

Website | Twitter

About the Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

Website | Twitter

SOURCE

https://moonbeam.network/announcements/chainlink-price-feeds-live-on-moonbeam/

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BiG Deal,a decentralized auction house announced integration with Chainlink Price Feeds on Solana to help secure its decentralized auction house.

This integration of Chainlink Price Feeds will support BiG Deal users in making bids using fiat currencies and crypto assets, improving their experience.

By integrating the industry-leading decentralized oracle network, BiG Deal will access high-quality, tamper-proof price feeds that enable participants on the BiG Deal platform to buy bids (PLAYs) using both fiat and crypto-assets.

Specifically, BiG Deal plans to integrate price data for USD, EUR, INR, other major fiat currencies, and the native tokens for Solana, Ethereum, Bitcoin, and other popular chains. Ultimately this will help give our users stronger assurances that they’re getting fair and accurate market rates when they make a purchase.

BiG Deal chose Chainlink as its 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.

Big Deal is a decentralized auction platform featuring more than 7 different types of auction mechanisms.

To help secure their price feeds, they need access to fresh asset prices supplied directly on-chain highly reliable. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, they needed to use an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

Big Deal selected Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data
• Secure Node Operators
• Decentralized Network
• Reputation System

 Pratik Jain, Founder of BiG Deal said:

“Honestly, our team studied all available oracles before zeroing down on Chainlink. As the clear market leader with cutting-edge and time-tested infrastructure, selecting Chainlink was easy.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain.

Website ♦ Twitter 

About BiG Deal

BiG Deal is the world’s first decentralized auction house with smartly crafted 7+auction mechanisms, offering amazing deals to its community.

Website ♦ Twitter 

⏩ SOURCE

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