Flux Protocol Using Chainlink to Power its Multi-Chain Lending Operations: First Stop, Binance Smart Chain

  • Accurate Data — Chainlink Price Feeds source data from numerous premium data aggregators like BraveNewCoin and Amberdata, which each pull price data from across all relevant exchanges and weight it by volume. This methodology ensures that price feeds are accurate and resistant to market manipulation attacks like those executed using flash loans.
  • Reliable Nodes — Chainlink Price Feeds are secured by a large collection of independent, security-reviewed oracle node operators run by leading blockchain DevOps. Chainlink node operators are Sybil-resistant and have an extensive history of high uptime, even during periods of high gas costs and extreme network congestion.
  • Decentralized Infrastructure — Chainlink Price Feeds are decentralized at both the data source and oracle node level to remove central points of failure in the sourcing and delivering of price data on-chain.
  • Transparent Networks — Chainlink Price Feeds can be tracked in real-time via open-source visualizations and on-chain monitoring. This transparency around network performance enables users to verify they are receiving fair market values.

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Flux Protocol

Flux Protocol

Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are the reality