Octane Finance Adds Chainlink to Fuel Limit Orders Functions
Taking pride in being a powerful decentralized rewarding limit orders portal that aspires to remove traditional limitations, Octane Finance has decided to integrate Chainlink Price Feeds on Binance Smart Chain to serve investors. As we already know, that Chainlink is a top-tier oracle network that allows blockchains to connect to external data feeds, protocols, and solutions seamlessly. The bridge helps users access accurate market analytics, reliable price feeds, and other crucial parameters easily.
According to the report, the deal will help Octane users to avail a plethora of services provided exclusively by the Chainlink cluster. The investors get high-quality, immutable, and secured price-related information, which eventually helps them make informed choices. This aids in determining the token price at the execution time and avert the flashloan crisis. The pact will ensure customers about the safe execution of their limit orders on the blockchain ecosystems.
The interested Octane Finance users need to follow the following steps to take advantage of the new collaboration:
- Place a limit order to purchase or sell the token pair at a customized price.
- The powerful solution provides interest before and after placing their order through open and DeFi yield channels. The users have full capacity to choose their features.
- When market value is close to the limit price with other conditions being satisfied, the portal selects the tokens from the yield protocols and completes the limit order. This is done by informed executors who manage customers’ limit orders.
The infrastructure of Chainlink is quite revolutionary and has a lot of popularity in the decentralized space. The network plays an important role in securing various DeFi solutions that involve whopping smart contract investments. It helps to safeguard the customers’ interests even in complicated situations like flash loans, exchange downtime, crashes, etc. With Chainlink feeds, Octane aspires to get accurate asset costs provides on-chain in a secured interface. The aggregated price analytics offered by Chainlink helps to foster a fair-trading chain.
The oracle is used by a wide range of entities hailing from the blockchain space. The entire setup is managed by a decentralized cluster that strives to provide services across DeFi, gaming, insurance, etc. In the past few years, the firm has managed to earn space for itself in the community through strategic partnerships and global integrations.