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Chainlink
$25.11 0.80%
LINK · 5d

Nord Finance Integrates Chainlink Price Feeds Into Its Multi-Chain Advisory Product

We’re excited to announce that Nord Finance — an advanced decentralized financial ecosystem — has integrated Chainlink Price Feeds on Polygon and Ethereum mainnets. By integrating the industry-leading decentralized oracle network, Nord Finance has access to high-quality, tamper-proof price feeds needed to showcase globally accurate fair-market asset prices in our NORD Advisory products.

Our initial integration involves the use of the following Chainlink Price Feeds priced against USD:

Polygon:

USDT, USDC, DAI, BTC, ETH, AAVE, UNI, MATIC, and LINK.

ETH:

USDT, USDC, DAI, BTC, ETH, AAVE, UNI, MATIC, and CRV.

We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Nord Finance is an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem. NORD Finance is built on Ethereum and is now accessible through Polygon. NORD Finance’s multi-chain interoperability powers a plethora of financial products, including savings, advisory, loans against assets, investment/funds management, and swaps. Nord Finance aims to create safe, simple, and intuitive DeFi products for users.

In order to help secure asset prices on our Nord Advisory platform, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of a blockchain oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consu...

Continue on nordfinance.medium.com
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