ChainLink Token (LINKUSD)

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Konomi Integrates Chainlink Price Feeds to Secure its DeFi Solutions for the Polkadot Ecosystem

"...We are proud to announce that Konomi, a Substrate-based blockchain, has natively integrated the widely used Chainlink Price Feeds on testnet via the Chainlink Oracle Pallet. By integrating Chainlink Price Feeds as our go-to oracle solution, we can secure critical functions within our decentralized liquidity and money market protocol, such as issuing loans and triggering liquidations based on fresh, accurate, and tamper-proof asset prices.

We recommend that all decentralized applications (dApps) launching on Konomi and needing price oracles to use Chainlink Price Feeds. Not only is Chainlink the most provably reliable oracle solution during periods of extreme network congestion and market volatility, but its Price Feeds are backed by industry-leading data quality that’s proven to be flash loan resistant. Hence, why Chainlink is counted on by leading decentralized finance (DeFi) applications to secure tens of billions of dollars, and makes for a perfect fit to support Konomi’s DeFi offerings..."



https://konomi-network.medium.com/konomi-integrates-chainlink-price-feeds-to-secure-its-defi-solutions-for-the-polkadot-ecosystem-ac4fe05eeaaf