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Canary Exchange Will Integrate Chainlink Price Feeds to Develop Various DeFi Apps

“ We plan to develop various dApps using the price feeds Chainlink provides to us. Some of these are financial analysis applications, games, price prediction contests, etc.”

We’re excited to announce that Canary Exchange — A Yield Farming, Staking and Swaping Platform optimized for generating high APYs — will integrate Chainlink Price Feeds on Avalanche Network. By integrating Chainlink’s industry-leading decentralized oracle network, Canary Exchange will have access to high-quality, tamper-proof price feeds needed to develop new decentralized applications for financial analysis, gaming, and more. This will provide our users to better monitor their financial products and/or have some fun while investing in the blockchain world.

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.

We plan to develop various dApps using the price feeds Chainlink provides to us. Some of these are financial analysis applications, games, price prediction contests, etc. In the future, we will enrich our application diversity with other data provided by Chainlink.

We need access to fresh asset prices that are supplied directly on-chain in a highly reliable manner in order to develop new decentralized applications in our mind. Fair market asset prices should reflect a volume-weighted average from all trading environments, so we need to make use of an oracle to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, we selected Chainlink Price Feeds because they provide a multitude of critical features such as: High-Qua...
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