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Lendr Network Integrates Chainlink Price Feeds and Automation

Twitter icon  •  Published 3 weeks ago  •  Hassan Maishera

Lendr Network, a decentralized platform for RWAs, has integrated Chainlink Price Feeds and Chainlink Automation on Avalanche, BNB Chain, and Ethereum mainnet.

Chainlink announced via X on Thursday that Lendr Network, a decentralized platform for RWAs, has integrated Chainlink Price Feeds and Chainlink Automation on Avalanche, BNB Chain, and Ethereum mainnet.

By integrating Chainlink’s decentralized computing platform, Lendr Network has access to high-quality, tamper-proof price feeds needed to help calculate loan-to-value ratios. This will provide their users with stronger assurances that loans are liquidated efficiently and fairly and ensure their RWA index tokens are overcollateralized at all times. 

Additionally, Automation helps trigger updates for tokenized RWA index prices listed on the Lendr platform. Their initial integration involves the use of the following Chainlink Price Feeds: ETH/USDT, AVAX/USDT, and BNB/USDT.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 2% over the past 24 hours and is trading at $14.341 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.