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BonqDAO Integrates Chainlink Price Feeds

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

BonqDAO, a decentralized liquidity platform built on top of an overcollateralized, 0% interest lending protocol, announced via a blog post on Tuesday that it has integrated Chainlink Price Feeds on Polygon mainnet.

BonqDAO, a decentralized liquidity platform built on top of an overcollateralized, 0% interest lending protocol, announced via a blog post on Tuesday that it has integrated Chainlink Price Feeds on Polygon mainnet. By integrating Chainlink Price Feeds, BonqDAO has access to high-quality, tamper-proof price feeds needed to help securely trigger loan liquidations and calculate redemptions for Bonq EUR (BEUR) based on accurate market data, even in volatile market conditions. This will provide its users with stronger assurances that the Bonq decentralized liquidity platform is supported by secure, reliable, and real-time price data.

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 $5.804 at press time.

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.