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Twin Finance Integrates Chainlink to Secure the Pricing and Collateralization of Synthetic Assets

We’re excited to announce that Twin Finance — synthetic Token Creation Platform — has integrated Chainlink Price Feeds on the Binance Smart Chain mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, Twin Finance has access to high-quality, tamper-proof price feeds needed to allow our created synthetic tokens to equal the value of the real asset. This will provide our users with strong assurances that The price cannot be manipulated by any user and the prices will always be updated following the value of the real asset.

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

tNDX (Tracks the Nasdaq 100 index price in USD) tTotalCap (Tracks the total crypto market cap) tTeamFund (Tracks a custom portfolio chosen by the Twin.finance team. It is composed of: 20 ADA + 1 DOT +0.001 BTC + 0.1 BNB)

We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already secures leading DeFi protocols responsible for 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.

Twin.Finance enables users to access a wider range of assets in the blockchain, like Stocks, Indices, Funds, metals, and much more to come.

Some common use cases for twin.finance are:

– Long term investing in assets like stocks and indices

– Shorting and speculating on assets like crypto and stocks

– Leveraging your crypto holdings by minting our stablecoin with your crypto

In order to secure our tAssets (synthetic token), 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, so we need to make use of an oracle to f...

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