Interest Protocol Integrates Chainlink Price Feeds On Ethereum

Twitter icon  •  Published 1 год назад  •  Hassan Maishera

The Chainlink team announced via Twitter on Monday that Interest Protocol has integrated its Price Feeds feature on the Ethereum mainnet.

The Chainlink team announced via Twitter on Monday that Interest Protocol has integrated its Price Feeds feature on the Ethereum mainnet. Interest Protocol is a new borrow/lend protocol that uses a unique combination of fractional reserves and over-collateralization. Interest Protocol will use Chainlink Price Feeds to calculate collateral values within its fractional reserve and overcollateralized DeFi stablecoin protocol, helping ensure accurate loan issuance.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by more than 4% over the past 24 hours and is trading at $6.36 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.