We’re excited to announce that dHEDGE has integrated Chainlink Price Feeds live on Polygon mainnet to expand the assets available to pool managers on the platform. As part of the dHEDGE V2 Any Asset, Anywhere, it’s imperative to have accurate oracle price feeds for all assets available on the platform.
Chainlink has a proven track record as the industry standard oracle network. Securing tens of billions in value across DeFi, Chainlink greatly expands the capabilities of smart contracts by enabling them to access real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology. Importantly, Chainlink Price Feeds provide low-latency updates at minimal costs on the Polygon network to keep on-chain asset prices fresh and in accordance with current global market conditions.
dHEDGE is a one-stop location for creating and managing decentralized hedge funds. Users can select different strategies based on transparent track records of their performance. dHEDGE accommodates managers deploying public or private pools, as well as empowers managers to deploy quantitative and algorithmic trading strategies or run actively managed pools. Trading functionality on dHEDGE V2 is currently achieved via the Sushi platform. Integrations with AAVE, 1inch, Quickswap and Balancer are currently underway which will allow managers more flexibility.
Each pool consists of up to 10 underlying assets, which can be simple tokens, LP tokens, farming positions, etc. Along with having sufficient available liquidity, one of the other prerequisites to whitelist new assets on dHEDGE V2 is accurate oracle price feeds to establish the best possible security for the smart contracts. By providing Chainlink Price Feeds on dHEDGE-supported assets, we’re helping ensure that pools are accurately priced and protected from vulnerabilities like flash crash outliers, exchange downtime, and flash loan attacks.
On a tec...