Francium Is Integrating Chainlink Price Feeds to Help Secure Lending & Yield Strategies on Solana

ChainlinkChainlink
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francium-defi.medium.com4m ago

Francium is thrilled to announce that we are integrating to Chainlink Price Feeds to help secure user lending and leveraged yield farming on the protocol. Chainlink is the market-leading decentralized blockchain oracle solution, already helping to secure tens of billions in value across DeFi protocols. Chainlink Price Feeds enable Francium to greatly enhance security and reliability for pricing on-chain.

Part of Francium’s value is adding capital efficiency to DeFi markets on Solana. Francium’s Solana Hackathon-winning automated DeFi strategies help users increase capital efficiency, creating an environment for optimum returns. However, automated lending and borrowing markets require highly available and tamper-proof price feeds to help ensure that user funds are not liquidated at incorrect prices.

The core Francium Protocol vision is to allow our users to apply any strategies to any targets, and connect DeFi developers and users in a decentralized manner, namely by providing users a variety of yield generation strategies to help them take advantage of the wide variety of composable financial products available in the Solana DeFi ecosystem. This includes Francium’s All Crypto Yield Target (Yield Farming, Crypto Native asset, and Synthetic Asset), the Flourishing Trading Tool (Financial instruments, DeFi Composability, Classic Trading System, AI-based Trading System), and a sum of Correlate Assets LP and Perpetual/Option Hedged Farming.

Chainlink Price Feeds have distinct technical and security advantages over other blockchain oracle solutions, such as:

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 suspicious volumes. Chainlink’s data aggregation model generates more precise 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 with a strong track record for reliability, even during high gas prices and extreme network congestion. Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network. Transparency — 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.

“Capital efficiency through on-chain automation is a step-function improvement over traditional finance methods. We require the most accurate and reliable pricing to help ensure that liquidations are correct — Chainlink Price Feeds are the high-performing solution we need,” stated Francium Co-Founder.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Francium

Francium is a DeFi Strategy Platform on Solana. On Francium, you will find bespoke yield strategies and a decentralized strategy building infrastructure designed and built specially for you DeFi users.