Chainlink
$20.09 6.04%
LINK · 5w

Lever Integrates Chainlink Price Feeds to Secure its Lending and Margin Trading Platform

Lever Integrates Chainlink Price Feeds to Secure its Lending and Margin Trading Platform

We are delighted to announce that Lever has successfully integrated Chainlink Price Feeds on mainnet, starting with DOGE/USD and EPS/USD. Lever will reference Chainlink Price Feeds to issue loans, check limit order conditions, and verify that user’s open margin positions are fully collateralized at all times, keeping our DeFi markets fully solvent and in line with the global crypto markets. We plan to continue expanding our use of Chainlink Price Feeds across multiple blockchains to bring margin trading support for new cryptocurrencies in demand by our ecosystem.

We selected Chainlink because it’s the industry-leading decentralized price oracle solution, already securing tens of billions of dollars across DeFi. Most notably, Chainlink Price Feeds are proven to be both accurate and reliable during extreme conditions, ensuring users are protected against exchange downtime, flash crashes, and data manipulation like flash loan attacks.

Secure Margin Trading With Chainlink Price Feeds

Lever is a decentralized, open-source risk management platform that facilitates the borrowing, lending, and leveraged trading of crypto assets. We offer access to a wide range of trading tools, from limit orders to margin trading — ordinary tools within the traditional finance industry but notably absent from many large decentralized exchanges (DEX) and Automated Market Maker (AMM) protocols. Lever overcomes these limitations by offering sophisticated trading products to users that are connected lending protocols, wallets, and established DEXes and AMMs.

Supporting our DeFi product offerings requires secure, reliable, and precise price data available directly on-chain to determine the current value of loans and collateral, as well as verify the validity of limit order conditions. These processes are critical to protecting the capital of lenders, reducing the slippage of us...

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