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DBOE Integrates Chainlink Price Feeds and Automation to Help Secure DeFi Circuit Breaker

Twitter icon  •  Published 7 months ago on June 3, 2024  •  Hassan Maishera

Chainlink announced via X on Friday that BOE has integrated Chainlink Price Feeds and Chainlink Automation on Polygon mainnet.

DBOE Integrates Chainlink Price Feeds and Automation to Help Secure DeFi Circuit Breaker

Chainlink announced via X on Friday that BOE has integrated Chainlink Price Feeds and Chainlink Automation on Polygon mainnet. By integrating the Chainlink features, DBOE has access to high-quality, tamper-proof price feeds and the automation infrastructure needed to help implement a robust options final settlement procedure, real-timing price calculation, and a safety measure.

The integration will provide their users with stronger assurances that the circuit breaker mechanism on DBOE is supported by battle-tested Chainlink infrastructure. DBOE’s initial integration involves using the following Chainlink Price Feeds: ETH/USD, BTC/USD, SOL/USD, AVAX/USD, LINK/USD, MATIC/USD, and BNB/USD.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1% over the past 24 hours and is trading at $18.168 at press time.

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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.