Altcoins News

Story: Chainlink (LINK) Becoming the Go place for DeFi Systems looking at Verifiable and Accurate…

By Maheen Hernandez

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Chainlink (LINK) The Redefining Oracle

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Chainlink oracles are now used to facilitate verifiable credential data for DeFi applications.

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ChainLink tweeted:  “#DeFi blockchain @Hdao_Official is integrating Chainlink's trusted oracles and high-quality data.

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HyperDAO is now integrating Chainlink as their Standard Oracle Solution to power its DeFi platform.

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Chainlink has a robust set of features, and they place great emphasis on security.  This has made HyperDAO choose the oracle and further recommend it to developers.

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HyperDAO benefits from a steady stream of data that is accurate and reliable for use in a decentralized manner.

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Sydney Ifergan, the crypto expert, tweeted:  "ChainLink (LINK) Oracles are becoming the go place for DeFi systems looking at verifiable and accurate data."

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MonteCarloDEX, Decentralized derivatives trading platform are using the Chainlink's ETH/USD Reference Contract as the index oracle for their ETH/PERP Perpetual Contract.

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Paraswap, a DEX aggregator are as well using the Chainlink’s Price Reference Contracts to provide for accurate and timely price feeds for #ETH and ERC-20 tokens.

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The Chainlink use cases are attracting several investors providing for itself a perpetual bullish cycle.

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Sergey Nazarov, the CEO of Chainlink, had previously spoken about the product road map, and they are very clear about where they are heading to.

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They are doing a great job in solving the issue of pricing data manipulation, which is very important in the DeFi sector.

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The accuracy of data provided by the oracle is re-defining the quality of expectation around smart contracts.

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The current economic crisis does not seem to have affected the LINK price, considering the positive momentum exhibited in the price charts.

The Currency Analytics

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