We’re excited to announce that Vee.Finance, a lending protocol platform that bridges the gap between traditional financial users and crypto users, has integrated Chainlink Price Feeds as our oracle network solution to access an accurate and secure price feed on the Avalanche blockchain. By integrating Chainlink’s industry-leading decentralized oracle network, Vee.Finance has access to high-quality, tamper-proof prices needed to ensure that all aspects of Vee.Finance are fair and transparent. Ultimately this creates a more exciting and fraud-proof user experience, as users can be assured of the integrity and robustness of Vee.Finance.
Vee.Finance chose Chainlink as the go-to oracle solution because its infrastructure is seamless to integrate and is time-tested in production. Chainlink helps secure leading DeFi protocols responsible for billions of dollars in smart contracts, maintaining robust security and high availability even during unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Vee.Finance is a DeFi lending platform for both traditional finance and crypto users, and dedicates itself to bridging the gap between traditional finance and DeFi by providing users with better digital asset management services. Users can participate in deposits, lending, and long and short positions. On the deposits side, the threshold for traditional financial users to participate in DeFi is lowered through a more user-friendly product experience; on the lending side, through the addition of options for DEX and the first-of-its-kind leveraged trading function, capital efficiency has been greatly improved.
To ensure Vee.Finance has an accurate asset pricing mechanism, it is essential to have access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect the volume-weighted average from all trading environments. To accomplish this, Ve...