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Dolomite Integrates Chainlink Automation

Twitter icon  •  Published il y a 7 mois  •  Hassan Maishera

Dolomite, a next-generation money market protocol and DEX, has integrated Chainlink Automation on Arbitrum mainnet to help secure price updates for ERC-4626 Vaults integrated into Dolomite.

Chainlink announced via X (formerly Twitter) on Wednesday that Dolomite, a next-generation money market protocol and DEX, has integrated Chainlink Automation on Arbitrum mainnet to help secure price updates for ERC-4626 Vaults integrated into Dolomite.

This integration helps strengthen the security of the protocol for users borrowing against vault assets by providing clear conditions for when and in what conditions to update asset prices.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $6.797 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.