Chainlink Price Feeds integrated on Twin Finance
The prominent Oracle network that warrants an array of diverse smart contract solutions ‘Chainlink’ has been consolidated with Twin Finance. The online company that originates Synthetic Tokens ‘Twin Finance’ intends to strengthen its capabilities. According to the data, this enhancement of Twin Finance’s designed tokens will match the equivalent of the authentic asset coins.
The Twin Finance clients can leverage this alliance and credit-reliant profits as there is a robust assurance that the crypto value will not have any influence from the user’s end. This lack of administration by the users will develop an accurate rate estimate of the authentic asset coins.
The business goal of Twin Finance building a union with the potent Oracle network Chainlink is due to its enhanced and adaptable ability to link up. Additionally, the peculiarities of Chainlink contain built-up past insight learnings and detriments, which can be worked through by providing scalable strategies for the event of an optimal output.
Chainlink’s peculiarities ensure eminent conformities for the Decentralized Finance (DeFi) ecosystem and are accountable for smart contract esteems worth billions of dollars. The Oracle operative has been able to sustain distinguished levels of availability. Chainlink has strong, reliable protective measures that have been upheld even through volatile market events of flash collisions, user records administration interventions, and downtime of transactions.
The primary link up will entail Chainlink Price Feeds functionalities such as:
- tTotalCap that will pursue USD values of the Nasdaq 100 index net worth.
- tNDX that will follow the net worth of the Nasdaq 100 index in USD equivalents.
- tTeamFund that will trace ordinance-based holdings selected by the corporation of Twin Finance. This Price Feeds endorsement constitutes price feeds of 20 ADA + 1 DOT +0.001 BTC + 0.1 BNB.
To ensure that the synthetic coins (tAssets) of Twin Finance are well protected, there was an urgent requirement to admit new asset rates.
These valuations had to be warranted through a profoundly authentic practice and an on-chain functionality. The reliant exchange holding rates indicate a volume-weighted aggregate of all crypto exchange conditions. Due to this requirement, Twin Finance claimed an oracle network that would benefit them to retrieve gross output results from the off-chain and remit it on-chain to utilize their systems applicability.
The vital network specialties onboarded to Twin Finance through Chainlink are renowned data origins, protected node procedures, a DeFi market space, and a reliant regularity network.
Twin Finance elected Chainlink’s properties due to its remarkable experience and result-oriented offerings in the cryptocurrency ecosystem. The Synthetic Tokens enterprise and the LINK price prediction foresee a profitable return on investment with the alliance conformity.