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 dataA 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.
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