Revuto Integrates Chainlink Price Feeds For Enhanced Price Accuracy in Cardano dApp

• chainlink

  21 5,611 9.9 Go

  node of the decentralized oracle network, bridging on and off-chain computation

  

  Chainlink specializes in providing smart contracts access to external data and off-chain chain computation in a secure and reliable manner. In the case of Chainlink Price Feeds, a decentralized network of nodes is used to fetch price data from multiple premium data sources. The data is then aggregated into a single trusted result and posted on-chain at regular intervals for DeFi applications to access within their own execution. You can learn about the full scope of Chainlink by reading their whitepaper.

• cardano-node

  35 2,970 9.7 Haskell

  The core component that is used to participate in a Cardano decentralised blockchain.

  

  Initially, Revuto will use Chainlink Price Feeds for the ADA/USD and ADA/EUR trading pairs. The data will be displayed in our app and wallet users, as well as future plans to incorporate it into our staking mechanism. By making accurate, tamper-proof information about the price of ADA and other Cardano native tokens available to our growing army of Revutonians, we will establish a solid foundation upon which to build the best DeFi setups on Cardano.

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