Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Oxumare on June 14, 2020, 10:52:49 AM
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Chainlink’s price oracles are quickly emerging as the industry-standard data source for the DeFi sector, with top project Kyber Network integrating the price feeds for its token swaps.
Chainlink’s price oracles are continuing to see widespread adoption among decentralized finance, or DeFI, protocols, with Kyber Network (KNC) integrating the price feeds on its KyberSwap token swap service on June 12.
KyberSwap is at least the third DeFi platform to integrate Chainlink’s price data this month, signposting Chainlink’s increasing dominance over the niche market.
Price references displayed for token swaps on the platform now derive from both Kyber Network’s native feeds and Chainlinks oracles.
KyberSwap integrates Chainlink’s price data
A blog post published by KyberSwap describes the integration as protecting users executing token swaps from slippage while safeguarding against price manipulation.
“KyberSwap is glad to work with a reputable project like Chainlink and its decentralized oracle network to provide reliable price feeds for our non-custodial token swap platform and improve the overall trader experience,” said KyberSwap’s head of product, Sunny Jain.
“We’re excited to integrate Chainlink Price Reference Data with KyberSwap to bring more security and reliability to the price feeds their traders rely on for calculating slippage,” said Johann Eid, product manager at Chainlink.
Read More (https://cointelegraph.com/news/chainlink-price-oracles-dominate-defi-data-feeds-amid-kyberswap-integration)
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Here another interesting article about ChainLink: https://www.worldcoinindex.com/news/altcoins-are-currently-surging-very-fast-chainlink-tezos-and-vechain (https://www.worldcoinindex.com/news/altcoins-are-currently-surging-very-fast-chainlink-tezos-and-vechain)
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I didn't pay much attention to this project, although a lot of good things have been said about Chainlink lately. Today I was very surprised when I saw this coin at the fifth position of the CoinMarketCap table and was even more surprised that it showed a price increase of over thirty percent. This project really went up dramatically.