AutoFarm is pleased to announce the integration of Chainlink Price Feeds into our cross-chain yield and DEX aggregation protocol! Starting with support for BNB/USD and AUTO/USD Price Feeds, with more price pairs to be added shortly, Chainlink’s industry-standard oracle networks provide accurate, up-to-date, and tamper-proof prices on various assets used within our platform. Our users can leverage Chainlink Price Feeds to make informed decisions before entering or exiting token vaults and swapping assets.
As a leading oracle network, Autofarm has integrated Chainlink Price Feeds for their reliable prices regardless of market conditions — including periods of high volatility, extreme network congestion, and major infrastructure outages. Chainlink is also the most widely used oracle solution in the blockchain industry, already securing billions of dollars for leading dApps across multiple blockchain environments. This makes Chainlink the industry’s top benchmark for crypto asset price feeds — important information to make available to our users.
Autofarm is a multi-purpose DeFi ecosystem, originally starting as a yield aggregator but since adding a fully-featured DEX aggregator known as AutoSwap. With AutoFarm, users have access to dozens of vaults across BSC, HECO, and Polygon, as well as low-slippage swap liquidity by being able to access all the top DEXs. AutoFarm is already securing 850+ million dollars in value for users and is continuing to add more functionality, including an upcoming automated copy trading feature that will also be powered by Chainlink Price Feeds! Learn how AutoFarm will enable even greater functionality for users in the coming months by checking out our development roadmap!
After reviewing various price data solutions, we identified Chainlink as the most secure and dependable resource for precise, real-time market data. Chainlink also offers support for a vast selection of assets, which is important since AutoFarm also has dozens of vaults and assets. Some of the top features of Chainlink Price Feeds include:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and wash trading. Chainlink’s data aggregation model generates accurate global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record for reliability, even during high gas prices and extreme network congestion.
- Decentralised Network — Chainlink Price Feeds are decentralised at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralised Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralised community, Chainlink currently secures billions of dollars in value for smart contracts across decentralised finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organisations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.
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AutoFarm Integrates Chainlink Price Feeds Into Its Cross-Chain Yield and DEX Aggregator was originally published in autofarm.network on Medium, where people are continuing the conversation by highlighting and responding to this story.