Hundred Finance is pleased to announce that after successfully integrating Chainlink Price Feeds as a part of our Arbitrum and Fantom Opera launches, we have chosen to commit to using Chainlink oracle services in our ongoing multi-chain expansion. It is thanks to Chainlink’s industry-leading decentralized oracle network that we have full confidence in our platform’s ability to reflect fair-market prices for supported assets. Access to reliable and secure price feeds provides the solid foundation our platform will need as we continue our mission to make it the premier borrowing and lending platform for the growing, multi-chain DeFi ecosystem.
We have selected Chainlink because it is the most time-tested decentralized oracle network in the blockchain industry, already helping secure tens of billions of dollars in value for leading DeFi protocols across Ethereum, Arbitrum, Fantom Opera, Binance Smart Chain, Polygon, Avalanche, and more. Chainlink Price Feeds have proven highly accurate and resilient for an extended period of time, even during unexpected events like exchange downtime, flash crashes, and flash loan attacks.Combining Hundred Finance Services with Chainlink Price Feeds
Hundred Finance is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies. In creating a premium service for our users, Chainlink Price Feeds play a crucial role in helping carry out critical on-chain functions such as determining the value of a loan and ensuring it remains sufficiently collateralized. This task is an essential component of maintaining platform health and stability, as users depend on the accuracy of this data at all times in order to protect their assets from unjust liquidation and reduce slippage during loan issuance.
We elected to go with Chainlink as the source of our price feeds because its infrastructur...