Hassan Maishera
SYNTHR Protocol, an Omni-chain synthetic asset protocol, announced via a Medium post on Thursday that it has integrated Chainlink Price Feeds on Ethereum mainnet. The team said it intends to deploy Chainlink Price Feeds on Avalanche, BNB Chain, and Polygon once it launches on those networks.
SYNTHR said by integrating the Chainlink Price Feeds, it now has access to high-quality, tamper-proof price feeds needed to help mint synthetic assets as well as keep track of protocol debt and collateralization ratios.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by more than 3% over the past 24 hours and is trading at $6.622 at press time.
Ethereum is a decentralized network (often referred to as “the world computer”), created by Vitalik Buterin in 2013. Its network consists of an open-source, globally decentralized computing infrastructure, which executes programs called smart contracts. This network is fueled by a cryptocurrency named ether (ETH).
ETH is down by less than 1% in the last 24 hours and is currently trading at $1,286 per coin.
