Hassan Maishera
On Wednesday, Chainlink announced via X that Nuon adopted Chainlink Automation and Price Feeds to rebalance deposited assets and yields, automate yield distribution to NUON holders, and trigger built-in security layers on its v2 protocol.
Nuon is a Chainlink Build member and helps protect holders of its USD-pegged NUON stablecoin from inflation by offering native DeFi yields for NUON holders.
By integrating Chainlink, Nuon gained access to high-quality, tamper-proof price feeds necessary to evaluate and rebalance deposited assets and yields. Nuon also leveraged Chainlink Automation to securely and cost-efficiently automate the yield distribution to NUON holders and stakers and, in case of emergencies, to trigger the built-in economic security layers.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 1% over the past 24 hours, trading at $15.42.
