Uno Re Integrates Chainlink Price Feeds On Ethereum

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The Chainlink team announced via Twitter on Tuesday that Uno Re has integrated Chainlink Price Feeds on Ethereum.

The Chainlink team announced via Twitter on Tuesday that Uno Re has integrated Chainlink Price Feeds on Ethereum. Uno Re is a decentralized insurance and reinsurance platform. Price Feeds provide accurate market data for Uno Re's Single-Sided Insurance Pool and help calculate the total available coverage capacity. The integration allows Uno Re’s smart contracts to retrieve the latest price data for ETH in a decentralized manner, the Uno Re team added. 

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 1% over the past 24 hours and is trading at $7.58 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.