Hassan Maishera
Chainlink announced via X (formerly Twitter) on Friday that Clip Finance, a DeFi protocol providing users with secure and automated vault options, has integrated Chainlink Price Feeds and Automation on the BNBChain mainnet.
The team explained that Chainlink Automation helps batch deposits and withdrawals, which significantly reduces onchain network costs for users. Chainlink Price Feeds are used to help price stablecoin conversions as users enter into various onchain yield strategies, helping ensure that stablecoins are exchanged at, or close to, their fair-market price.
Chainlink Price Feeds help ensure fair-market pricing during stablecoin to stablecoin conversions needed for specific yield management strategies, which ultimately helps safeguard users against potential price manipulation or liquidity re-allocations, the Clip Finance team added.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1% over the past 24 hours and is trading at $11.014 at press time.
