Leadingblock to Use Chainlink for Decentralized Pricing Data

Chainlink is on a roll as the venture is scoring consecutive collaborations. The oracle network recently gained another client in the form of Leadingblock, a crypto borrowing, and lending platform.

Lendingblock released an official post about the integration, which will help them gain decentralized price data. Renowned for its consistency, Chainlink Price Feeds offers real-time market price data for 100+ assets. It is due to Chainlink’s market performance and popularity that LINK is one of the most popular coins in the industry. Users can read more about LINK price prediction to gain useful insights on the topic.

The reason behind using Chainlink Price Feeds is simple – Chainlink is a well-reputed decentralized oracle network. The venture enables multiple decentralization layers to minimize risks linked with gaining price data from one centralized source.

In addition, the oracle network secures several industry-leading DeFi and CeFi platforms. With a TVS (Total Value Secured) over 75 billion dollars, its reliability is unquestionable. The latest integration will help Lendingblock’s new stablecoin borrowing solution Borrow assist users to gain assets without worrying about excessive fees, credit checks, and hidden fees.

Borrow will use Chainlink for crypto, like Bitcoin, Tether, Ethereum priced against RUB, GBP, EUR, and USD. The oracle network will offer precise pricing data to Borrow, ensuring its collateral assessment is accurate enough to provide fair-market liquidations. 

On the other hand, Lendingblock’s interest-bearing solution Earn helps users deposit tokens to gain an interest paid in monthly increments. Earn will also use the price feeds to help the users get accurate and instant portfolio valuation for better decision-making.

Steve Swain, the Co-Founder and CEO of Lendingblock talked about the latest development. Steve also believes that Chainlink Price Feeds’ integration can work wonders for Borrow and Earn.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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