Equalizer, the foremost marketplace for flash loans in the DeFi market, is all set to incorporate Chainlink Price Feeds into the protocols of Binance and Ethereum Smart Chains. By integrating the decentralized Oracle network of Chainlink, Equalizer shall gain access to tamper-proof and high-quality price feeds. The Chainlink integration will enable Equalizer to showcase accurate data at the platform and estimate the rewards obtained from the yield farming program. The partnership between Chainlink Price Feeds and Equalizer shall provide every user with the guarantee that the values of the listed assets are accurate and consistent.
Chainlink was chosen by Equalizer due to its robust Oracle infrastructure, renowned for securing the top DeFi protocols by raising billions of dollars through the execution of smart contracts. Chainlink is also known for tight security and high resistance against unprecedented events like data manipulation attacks through flash loans, flash crashes, and exchange downtime.
It is the solemn objective of the Equalizer platform to spearhead the use of flash loans in the DeFi market. Flash loan is one of the best financial instruments for borrowers who seek to engage in lucrative transactions such as collateral swapping, liquidations, portfolio rebalancing, and arbitrage. Equalizer makes it convenient, secure, and accessible for users to use flash loans. The platform enables borrowers and liquidity providers to come together at the marketplace to make the best of the following advantages:
- Lowest transaction fees
- Easy integration
- Compatibility with multiple Smart Chains
- Minimum liquidity available for every asset
- Wide range of tokens
Iulian Nita, the Project Lead of Equalizer, is excited about the integration with Chainlink Price Feeds as the partnership will certainly encourage flash lending that is crucial for the decentralized marketplace.