UnFederalReserve announced that Chainlink’s integrated pricing reference feed is now sponsored by the firm. It has unified with Chainlink since the ReserveLending platform’s launch in May and is now looking to expand its partnership with the official oracle provider. unFederalReserve is delighted to expand its reach, integrate with existing products, and work together in the long run. The organization will work together to use pricing feeds and future smart contract applications to help lend functionality become more stable and secure.
Reasons to include Chainlink
The company has reaffirmed its commitment to the Chainlink Team and looks forward to its future cooperation with Chainlink Labs. Chainlink enriches the ReserveLending platform by offering a safe and trustworthy oracle and price feed source. Chainlink is the foremost decentralized network of oracle for smart contracts, allowing them to safely access off-chain data streams, online APIs, and traditional bank payments.
Howard Krieger, the CEO and Co-Founder of unFederalReserve, said that ReserveLending’s price base has become more reliable as a result of the partnership with Chainlink. This is a clear victory for the initiative. Users will have peace of mind knowing that the greatest price oracle in the DeFI industry is right there.
unFederalReserve is a software distributor that uses blockchain and mainstream programming languages, tools, and databases to help financial services organizations. The firm is part of the DeFi ecosystem, and it launched its first product, ReserveLending, a live DeFi 2 DeFi platform, earlier this year in May. Since then, it has grown organically to have 13,000 token holders.
ReserveFunding, a vault of funds that will be licensing and utilizing the basic technologies underpinning ReserveLending, is the second product to be developed and soft-released. This user-friendly platform serves as a bridge between the DeFi and CeFi environments. Users can link a bank account to engage with ReserveFunding’s alternative fund strategies and benefit with only a few clicks.
Reasons for Integration
The significance of good data oracles is the rationale for integration. Chainlink was chosen as the oracle solution for its dedication towards things the firm values and guarantees to its users: security, ease of use, and a knowledgeable, experienced workforce.
Chainlink stands as a gold standard in the world of pricing oracles. This new partnership demonstrates their faith in each other’s products and services.