Home » Technical » Matic Network Launches Live Chainlink Price Feeds to Support its Growing DeFi EcosystemMatic Network Launches Live Chainlink Price Feeds to Support its Growing DeFi Ecosystem
November 19, 2020 2 min read
We are happy to announce that Chainlink has been successfully deployed live on Matic Network as our recommended oracle solution for developers. Five price feeds have already been launched on the Matic mainnet: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD, with many more to come as a means of supporting the growing demand of DeFi on Matic Network.
Several DeFi projects building on Matic have already committed to using Chainlink, including EasyFi’s undercollateralized lending protocol, PlotX’s prediction markets, and several more projects soon to be announced. Through Chainlink, these dApps can execute key DeFi functions such as checking loan collateralization, minting and swapping synthetic assets at fair market prices, settling prediction markets, and more.
In addition to Chainlink Price Feeds for DeFi, Chainlink VRF (Verifiable Random Function) will also be launching in the near future on Matic Network to support a new wave of scalable gaming applications reliant on provably fair randomness. Several gaming projects on Matic Network are already working on implementing Chainlink VRF, such as Aavegotochi, and more to be ...