Augmented Finance’s High-Yield Lending Pools on BSC and Avalanche Are Now Using Chainlink for Enhanced Security

 


Augmented Finance Integrates Chainlink Price Feeds to Help Protect Against Data Manipulation Attacks

In order to bring novel DeFi assets to multiple chains like Avalanche and Binance Smart Chain, they needed a hyper-reliable oracle solution, that’s why they are pleased to announce that Augmented Finance has integrated Chainlink Price Feeds on Avalanche and BSC!

By integrating Chainlink’s industry-leading decentralized oracle network, Augmented Finance now has access to high-quality, tamper-proof price feeds needed to help secure its lending and borrowing protocol. With Chainlink Price Feeds, Augmented Finance can now securely open, close, and liquidate loans at globally accurate fair-market prices.

The Augmented Finance team decided to integrate Chainlink because it features multiple notable benefits that make it stand out as an oracle provider. 

For a more detailed look at some of the technical benefits of Chainlink Price Feeds, 👉view their previous announcement.

Chainlink is simply the best oracle solution available on Avalanche and BSC. Thanks to its highly decentralized architecture, Chainlink has an extremely strong, time-tested performance history, including during adverse market conditions and black swan events,” stated the Augmented Finance team.

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About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.




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