HomeCoinsAvalanche (AVAX)Chainlink Price Feeds Are Live on Avalanche Mainnet, Paving Wave for Advanced...

Chainlink Price Feeds Are Live on Avalanche Mainnet, Paving Wave for Advanced DeFi Apps | by Avalanche | Avalanche | Jul, 2021

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We’re excited to announce that Chainlink Price Feeds are now live on the Avalanche mainnet, giving ecosystem developers seamless access to the most secure and highest quality price reference data across a variety of asset classes.

Chainlink’s industry-leading Price Feeds empower smart contract developers to build advanced DeFi applications on Avalanche’s limitless open-source platform, including price-sensitive derivatives markets, low-cost lending applications, high-throughput trading strategies, and much more.

The integration was made possible by a Chainlink Community Grant awarded to Protofire — a leading development workshop and Avalanche validator — who adapted, tested, and implemented Chainlink oracles natively into the Avalanche mainnet.

Numerous Chainlink Price Feeds are currently available on Avalanche mainnet, with plans to continually roll out new ones to meet ecosystem demand. Chainlink Price Feeds provide the most time-tested and robust oracle infrastructure for developers, along with premium data quality that’s proven to be precise and resistant to API downtime, flash crash outliers, and flash loan attacks. For more information on the Chainlink integration, refer to our previous testnet announcement.

“Chainlink has set the standard for oracles and data across blockchains and decentralized applications,” says Emin Gün Sirer, Founder and CEO of Ava Labs. “DeFi is already flourishing on Avalanche, but Chainlink’s data will unlock an enormous amount of development across the community and expand Avalanche’s edge as the most technically advanced platform in crypto.”

DeFi developers on Avalanche can start testing and building with Chainlink Price Feeds using the following documentation: https://docs.chain.link/docs/avalanche-price-feeds/.

Developers can use Chainlink Price Feeds to perform key on-chain functions like calculating collateralization ratios, minting fair market loans, setting exchange rates, pricing synthetic assets, rebasing algorithmic stablecoins, and triggering automated trading strategies.

Numerous Avalanche developer teams are already launching their DeFi applications on Avalanche using Chainlink, including BENQI and BIFROST.

“The launch of Chainlink on Avalanche is a watershed moment which we believe will spark the explosion of DeFi activity on the network. We are excited to integrate Chainlink Price Feeds to maximize the tamper-resistance of BENQI, giving us confidence in the security and health of our protocol.” — Dexter Lee, Co-Founder BENQI



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