Solana-based AMM Saber turns to Chainlink for price feeds

2021-11-9 14:00

Saber, the leading Automated Market Maker for trading stable pairs on Solana, is excited to announce its support for the deployment of a wide range of Chainlink Price Feeds on Solana.

#Blockchain developers need access to robust price feeds to securely build on top of AMM LPs. @Saber_HQ now supports #Chainlink Price Feeds, enabling @Solana developers to build yield farms, lending platforms, and more with Saber's AMM LPs. https://t.co/Ca3DdJzNif

— Chainlink – Official Channel (@chainlink) November 8, 2021

Chainlink Price Feeds are the industry standard for secure and reliable price oracles, already helping secure tens of billions of dollars across top DeFi projects.

Chainlink feeds for supporting Solana dApps

To start, the following Chainlink Price Feeds will be deployed on Solana: USDC/USDT, mSOL/SOL, UST/USDC, stSOL/SOL, wFTT/FTT, wSRM/SRM, and SBR/USD. Saber recommends that any project integrating support for Saber LP tokens or SBR uses Chainlink Price Feeds as their oracle solution for the most up-to-date price data for these pools.

These Chainlink-powered decentralized price oracles will enable developers to accurately and securely generate valuations on Saber LP tokens and the Saber native token (SBR) when performing key on-chain functions such as issuing loans based on Saber LP token collateral.

Ultimately, this will accelerate the adoption of Saber LP tokens throughout the many new and existing DeFi protocols being built on Solana. Chainlink Price Feeds will be key in increasing the utility of Saber because it enables liquidity providers to earn yield while still having active liquidity for their staked assets.

Saber is one of the top DeFi exchanges by total value locked (TVL) and volume on the Solana blockchain. AMM protocols like Saber act as liquidity gateways for users and other DeFi protocols such as lending markets, yield aggregators, asset management solutions, and more.

They also serve as a way for passive holders to earn an additional yield on their assets by becoming liquidity providers and earning transaction fees.

However, Saber seeks to give LPs additional utility on their assets beyond earning passive income. For this reason, Saber issues LP tokens to liquidity providers, which they can use throughout the Solana DeFi ecosystem for activities such as yield farming or as collateral for a loan.

However, it’s critical that DeFi protocols integrating support for Saber LP tokens have robust oracle infrastructure in place in order to avoid faulty liquidations of user funds, mispriced rewards systems, and various other mishappenings.

The post Solana-based AMM Saber turns to Chainlink for price feeds appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Цена в час новости $ 33.75 (-100%)

feeds chainlink price saber amm solana-based solana

feeds chainlink → Результатов: 91


Фото:

Deri Protocol integrates Chainlink Price Feeds to guarantee secure derivatives trading

Deri Protocol will fund and integrate Chainlink (LINK/USD) Price Feeds with the improved deviation threshold (0.1%) on BSC, Heco, and Polygon (MATIC/USD). The Uniswap style BitMEX+ will guarantee access to highly reliable, fully accurate price feeds required to provide the precise US dollar value of the underlying assets of the perpetual contracts, according to their […] The post Deri Protocol integrates Chainlink Price Feeds to guarantee secure derivatives trading appeared first on Invezz.

2021-7-16 16:06


Фото:

Avalanche-Based Lending Protocol BENQI Integrates Chainlink Price Feeds

Avalanche-based algorithmic money market protocol BENQI is integrating Chainlink Price Feeds to ensure protocol security against the infamous flash loan attacks. BENQI Integrates Chainlink Oracles Today, Avalanche’s C-Chain-based algorithmic money-making protocol BENQI announced it is integrating Chainlink Price Feeds to safeguard the protocol against flash loan assaults.

2021-5-19 16:09


Pundi X using Chainlink to secure its crypto payment platform’s reward distributions

CryptoNinjas » Pundi X using Chainlink to secure its crypto payment platform’s reward distributions Pundi X, a blockchain-based point-of-sale payment solution and decentralized finance (DeFi) platform developer, today announced that it has successfully integrated Chainlink Price Feeds, a decentralized oracle network making real-time asset prices accessible on-chain for smart contracts.

2021-5-18 00:23


Фото:

Orbs Integrate With Chainlink to Secure Its Liquidity Nexus

Orbs, a public blockchain infrastructure designed for businesses looking at trust as a competitive strategy, announced its integration to Chainlink Price Feeds Oracle to secure its Liquidity Nexus. Daniel Peled, the founder of Orbs, explained: “The Liquidity Nexus is a revolutionary idea for DeFi, creating a platform of risk tranching that divides risks between USD […]

2021-5-14 22:16


Blockchain monitoring service PARSIQ integrates Chainlink price feeds on Binance Smart Chain

CryptoNinjas » Blockchain monitoring service PARSIQ integrates Chainlink price feeds on Binance Smart Chain PARSIQ a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications has announced it has integrated Chainlink’s price feeds live on Binance Smart Chain (BSC) The new integration will allow developers to build automated Smart-Triggers on PARSIQ that react to real-time events happening on the BSC mainnet.

2021-4-25 00:29


Фото:

Chainlink (LINK) is Live on Arbitrum Rollup Testnet

Chainlink, the decentralized live price feed oracle token, is live on Arbitrum, beginning with Chainlink Price Feeds for DeFi developers. The Latest Data Feed Ecosystem Development The company is developing a new oracle network to support the demand for more accurate price data since DeFi’s Total locked value exceeds $35B. Chainlink is live on @Arbitrum,Read More

2021-3-10 21:00


Фото:

Dvision Network Integrates with Chainlink to Bring Fair Random Rewards Distribution & NFT Costing to Their VR Ecosystem

Dvision Network have announced its integration with blockchain oracle solution Chainlink, bringing accurate NFT item costing and secure, provably-fair rewards to its VR Ecosystem. January 7th 2021, Seoul, Korea – South Korean-based VR Content Ecosystem Dvision Network has announced an integration of its technology with market-leading blockchain oracle solution Chainlink.

2021-1-7 13:47


Фото:

Matic Network Joins Ethereum as the Second Blockchain to Integrate Chainlink Price Feed Oracles

We are happy to announce that Chainlink has been successfully deployed live on Matic Network as our recommended oracle solution for developers. Matic is the second blockchain, after Ethereum, to actively integrate Chainlink Price Feed oracles! Five price feeds have already been launched on the Matic mainnet: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD, with manyRead MoreRead More.

2020-11-19 17:21


Фото:

DEX Synthetix Now Allows Trading of Brent Crude Oil Powered by Chainlink Oracle

Popular DeFi project DEX Synthetix now allows the crypto market to trade Brent Crude Oil as well. sOIL (Synthetic Brent Crude Oil) is a non-expiring Crude Oil Index based on the futures prices of ICE Brent Crude Oil, whose price is tracked through price feeds supplied by the Chainlink oracle, which will source the data […] The post DEX Synthetix Now Allows Trading of Brent Crude Oil Powered by Chainlink Oracle first appeared on BitcoinExchangeGuide.

2020-11-14 20:30


Tezos and Chainlink Team Up; Which Crypto Will Benefit the Most?

Chainlink is joining forces with Smart Chain Arena and Cryptonomic to provide the Tezos developer community with real-time data feeds via its decentralized oracle network. Now, anyone building smart contracts on top of the Tezos protocol will be able to access off-chain resources and use this data within their on-chain applications. “Providing Tezos developers with...

2020-5-1 19:01