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Thursday, 06/24/2021 12:13:43 PM

Thursday, June 24, 2021 12:13:43 PM

Post# of 1836
TrueFi Announces New Integrations With Binance, Chainlink, and SushiSwap, Further Embedding Into the DeFi Ecosystem

"... TrueFi introduces its integration with Chainlink, the industry-leading decentralized oracle network that provides real-world data to smart contracts on the blockchain. Expanding on its original integration with the market-leading oracle, TrueFi’s smart contract platform now uses Chainlink Price Feeds to access aggregated price data on TRU. Accurate data is critical for TRU liquidations in case of a defaulted loan, automatically covering a portion of the lender’s losses at the most accurate TRU price relative to the market. The price oracles inform an automated coverage mechanism that, if a loan defaults, ensures TrueFi lenders are at least partly, if not fully, made whole by TRU stakers..."

https://www.businesswire.com/news/home/20210624005642/en/TrueFi-Announces-New-Integrations-With-Binance-Chainlink-and-SushiSwap-Further-Embedding-Into-the-DeFi-Ecosystem
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