‘S team Advanced blockchain smart contract platform Avalanche announced, Chainlink price information Now on the Avalanche mainnet. This allows ecosystem developers to seamlessly access the safest and highest quality price reference data in various asset classes.
Chainlink’s Price Feeds enables smart contract developers to build advanced DeFi applications on Avalanche’s unlimited open source platform; including price-sensitive derivatives markets, low-cost lending applications, high-throughput trading strategies, and more.
The integration was achieved through the Chainlink community grant awarded to Protofire (leading development seminar and Avalanche verifier). Protofire localized, tested and implemented the Chainlink oracle into the Avalanche mainnet.
A lot of Chainlink price information It is currently available on the Avalanche mainnet, and plans to continuously launch new ones to meet the needs of the ecosystem. Chainlink Price Feeds provides developers with the most time-tested and powerful oracle infrastructure; and high-quality data that is proven to be accurate and resistant to API downtime, flash crash outliers, and flash loan attacks.
“Chainlink sets the standard for oracles and data across blockchains and dApps. DeFi has flourished on Avalanche. But Chainlink’s data will open up the huge development of the entire community; and expand Avalanche’s advantages as the most technologically advanced platform in the encryption field .”
– Emin Gün Sirer, founder and CEO of Ava Labs
Avalanche + Chainlink
Developers can use Chainlink Price Feeds to perform key on-chain functions, such as calculating mortgage ratios, casting fair market loans, setting exchange rates, pricing synthetic assets, re-adjusting algorithmic stablecoins, and triggering automated trading strategies.
In addition, many development teams have used Chainlink to launch their DeFi applications on Avalanche, including BENQI and BIFROST.
“The launch of Chainlink on Avalanche is a watershed; we believe this will trigger an explosive growth of DeFi activities on the Internet. We are very pleased to integrate Chainlink Price Feeds to maximize BENQI’s tamper resistance; let us know the security of the protocol And health with confidence.”
– Dexter Lee, co-founder of BenQI
By combining Avalanche and Chainlink, developers can build highly scalable, low-cost, universally connected DeFi applications; with strong security, reliability and data quality assurance.
Developers on Avalanche can start using Chainlink Price Feeds for testing and building, see: docs.chain.link/docs/avalanche-price-feeds.