Equalizer Integrates Chainlink Price Feeds to Help Secure Yield Farming Rewards
Do you remember our announcement about the integration with Chainlink Price Feeds? Today we are happy to announce that the integration is now live on the Ehereum and Binance Smart Chain! By integrating Chainlink’s industry-leading decentralized oracle network, Equalizer will have access to high-quality, tamper-proof price feeds needed to display accurate data on the platform’s UI and to properly calculate the rewards from the yield farming program. This will provide our users with strong assurances that all the values of the listed assets are consistent and accurate.
We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already secures leading DeFi protocols responsible for 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.
After reviewing various oracle solutions, we selected Chainlink Price Feeds because they provide access to the highest quality data with broad market coverage, robust oracle infrastructure proven to be reliable during extreme network conditions, and various on-chain monitoring systems that allow users to verify the integrity and performance of oracle networks. The result is highly accurate, up-to-date, tamper-proof, and transparent price reference data that are made accessible on-chain for our smart contracts to consume in a single function call.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.
Equalizer enables profitable trading strategies for arbitrage, liquidations, portfolio rebalancing, and collateral swapping.