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SpaceSwap is Integrating Chainlink Price Feeds to Secure Lending and Multi-Borrowing Protocol

We’re excited to announce that SpaceSwap — a diverse ecosystem of DeFi products that include the crypto lending protocol SpaceLend — is integrating Chainlink Price Feeds on the Binance Smart Chain mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, SpaceSwap will gain access to the high-quality, tamper-proof price feeds needed for creating a secure and seamless multi-borrowing/lending protocol. This will help provide our users with strong assurances that SpaceLend references accurate price data when utilizing a variety of cryptocurrencies on the platform.

The initial integration will involve the use of Chainlink Price Feeds for the following pairs: BNB/USD, CAKE/USD, BUSD/USD and USDT/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and its production has been time-tested. Chainlink already helps secure leading DeFi protocols that are responsible for billions of dollars worth of value in smart contracts., They maintain robust security and high availability, even amidst unexpected events such as exchange downtime, flash crashes and data manipulation attacks via flash loans. 

SpaceLend is a BSC-based multi-borrowing/lending protocol that works with popular crypto assets. Its algorithms are similar to other lending protocols, except that they are optimized for a smoother user experience. The protocol offers unlimited access to the value held in users’ assets, without the need to sell. Only two clicks are needed to start earning from supplying assets or to expand one’s capabilities by borrowing.

SpaceLend will leverage Chainlink Price Feeds to take advantage of decentralized oracle networks. Each node sources price data from multiple premium off-chain data aggregators, helping ensure that the data source itself reflects a volume-adjusted average that’s aggregated from both CEXs and DEXs. This will help enable our smart contracts to accurate on-chain prices when making ...

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