Seeded Network is thrilled to announce its integration with Chainlink Price Feeds on Solana. To launch a live feed page that provides users with continuously updating high-quality price data.

Integration Highlights

By integrating the industry-leading decentralized oracle network. Seeded Network has access to high-quality, tamper-proof price feeds needed to help display accurate prices for users. This will provide its users with stronger assurances that they’re always getting the most up-to-date asset prices on our live feeds page.

Their initial integration involves the use of the following Chainlink Price Feeds: BTC/USD, ETH/USD, SOL/USD, and LINK/USD. 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.

The price feeds page, which they have added to their dApp. Displays accurate price data for the previously mentioned market pairs. They are using the Chainlink Solana SDK to continually fetch the price updates by subscribing to the relevant WebSocket.

A snapshot of their live price feed page.

In order to help display accurate prices on their live feed page. They 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, we 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.

Chainlink Features

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

“It’s crucial for us to have tamper-proof market data because our users rely on accurate asset prices to make informed decisions. By integrating Chainlink Price Feeds, our users now have access to up-to-date asset prices in the “live feed” section of our dApp.” — Azure, Project Lead

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 Seeded Network

Seeded Network is an upcoming incubator on Solana offering unique borrowing, lending, and staking solutions to users allowing them to participate in the seeded incubation projects safely.

Website | Twitter 

SOURCE

https://blog.seeded.network/seeded-network-integrates-chainlink-price-feeds-to-help-secure-price-feeds-on-solana-94d2e917511b

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Penguin, A Liquidity-as-a-Service Platform, built on Solana, announced its partnership with Seeded Network, a favorite Solana incubator with unique borrowing, lending, and staking solutions.

Seeded Network has joined the Penguin bonding family! It is their privilege to seed with Seeded on the land of DeFi and gather vital POL for the sustainable development of the protocol.

$SEEDED / $PAI bonding will launch on May 13th, 9 am UTC

Introduction to Seeded Network

To begin with, Seeded Network is a project incubator featuring outstanding borrowing, lending, and staking solutions that integrate with the fast-growing DeFi world. Seeded aims to provide quality projects with their expertise and network connections to projects wishing to use the Seeded Project Incubator.

However, with Seeded’s provision, projects can enjoy a community brimming with investors and enhanced token utility brought by lending and borrowing products.

Its lending and borrowing empower SEEDED without exception, and it is now embarking on a new journey of bonding!

Moreover, the Penguin’s bonding/staking allows Seeded to have a healthy token emission, which helps control the inflation rate by posing less selling pressure on the market. Better still, Seeded can collect revenue-generating POL for its long-term success, benefiting its stakeholders with sustained rewards.

At the launch of SEEDED/PAI bonding, users can add liquidity in the SEEDED/PAI pool to acquire SEEDED/PAI LP tokens, which can bond for discounted SEEDED on the market price. SEEDED purchased through bonding will be then auto-staked. Users can unstake their SEEDED in the Staking section and collect the total amount of SEEDED after a 7-day vesting period. On the other hand, keeping SEEDED staked would allow users to receive an optimal reward and achieve 3,3 together.

The collaboration of Seeded and Penguin can extend from liquidity management to co-marketing and partnership networking, which in turn gives rise to a healthier ecosystem.

About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking.

Website | Twitter 

About Seeded Network
Seeded Network is an upcoming incubator on Solana offering unique borrowing, lending, and staking solutions to users allowing them to participate in the seeded incubation projects safely.

Website | Twitter 

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