Tuesday, March 21, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Avalanche Network

Grape Finance Secures GRAPE Stablecoin with Chainlink

by ethozedge
May 12, 2022
in Avalanche Network
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


Grape Finance has integrated Chainlink Price Feeds, gaining access to high-quality and tamper-proof price data. Users benefit from the integration as they are assured that MIM price data is now hyper-resistance to data manipulation.

Chainlink Price Feeds has been integrated by Grape Finance on Avalanche mainnet. The initial integration includes the use of MIM/USD only.

Out of all the providers, Grape Finance chose to go with Chainline Price Feeds as it functions on a time-tested oracle network. Chainlink Price Feeds data availability and robust security even during unexpected events like flash crashes, downtime, and data manipulation through flash loans.

Features of Chainlink Price Feeds that further cement the integration with Grape Finance are secure node operators, high-quality data, a reputation system, and a decentralized network.

Various independent nodes secure Chainlink Price Feeds. They are regularly reviewed for security and are Sybil-resistant nodes operated by DevOps teams, traditional enterprises, and data providers.

Data is of high quality as Chainlink feeds the data from premium aggregators. The data is weighted by volume and cleaned of wash trading & outliers, and it helps the provider generate more precise market prices that are resistant to manipulation and inaccuracies.

Protection against downtime is ensured by the decentralized network of Chainlink Price Feeds. It is decentralized at oracle nodes, data source, and oracle network, ensuring that there is no data manipulation either by the oracle network or data provider.

The reputation system is another feature of Chainlink Price Feeds that worked in its favor. A robust framework and a set of on-chain monitoring tools allow users to verify the performance in real-time.

LB, the Founder of Grape Finance, called Chainlink Price Feeds the pinnacle of battle-tested price data. LB added that Chainlink was the only market data solution they could rely on to secure Grape Finance.

Post the integration. Grape Finance will leverage Chainlink Price Feeds in algorithmically managing GRAPE supply. It includes increasing or decreasing the supply based on the demand from the market to maintain a 1:1 peg to MIM.

Chainlink has set an industry standard with its oracle services. The key offerings are building, accessing, and selling oracle services required to power hybrid smart contracts on any blockchain.

It already secures billions of dollars for major industries like insurance, DeFi, and gaming. Chainlink offers a universal gateway to all blockchains to some global enterprises and leading data providers.

Grape Finance has been built on Avalanche as an algorithmic stablecoin pegged 1:1 to MIM. GRAPE has been designed to boost the stablecoin liquidity without holders having to lock up the capital.

Grape Finance plans to use Chainlink Keepers to automate its smart contracts in a reliable and decentralized manner. Grape Finance has committed to continue exploring more ways to integrate the services of Chainlink into the Grape Finance protocol.



Source link

Tags: bitcoin newsChainlinkcrypto analysiscrypto newsEthoz EdgeFinanceGrapeLatest bitcoin newslatest crypto newsSecuresstablecoin
Share76Tweet47

Related Posts

How Does Cryptocurrency Work? For All Interested in Extra Income Online – Cryptopolitan

by ethozedge
March 18, 2023
0

Earning money online provides you with the freedom to spend some free time with no need to follow up on people....

Stacks Soars 115% Weekly, Bitcoin Eyes $28K: Weekend Watch

by ethozedge
March 18, 2023
0

Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since...

Bitcoin Soars Above $26K on Fed’s $300B Injenction into US Banks (Market Watch)

by ethozedge
March 17, 2023
0

Bitcoin skyrocketed by roughly $2,000 in a day as the US Federal Reserve announced lending $300 billion to certain struggling...

AVAX/USD can potentially break lower than $15 – Cryptopolitan

by ethozedge
March 15, 2023
0

Avalanche price analysis has a very heavily bearish sentiment today after staying bullish for three days straight between 12th and...

The 10 Best Crypto Podcasts in 2023

by ethozedge
March 14, 2023
0

Podcasts are a great medium for information and entertainment, as they can be listened to anywhere. Whether you’re driving to...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Shiba Inu Whale Moves 24 Trillion SHIB From Crypto Exchange To Cold Storage

March 21, 2023

FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money – Bitcoin News

March 21, 2023

Euler hacker offers to negotiate return of funds

March 20, 2023

Institutional Investors Take Contrarian Positions Amid Crypto Rally As Markets See More Outflows: CoinShares

March 20, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,904.000.11%
  • ethereumEthereum(ETH)$1,755.93-1.08%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.01-0.25%
  • binancecoinBNB(BNB)$334.46-0.81%
  • usd-coinUSD Coin(USDC)$1.00-0.34%
  • rippleXRP(XRP)$0.3886480.89%
  • cardanoCardano(ADA)$0.339605-1.35%
  • staked-etherLido Staked Ether(STETH)$1,756.08-0.94%
  • matic-networkPolygon(MATIC)$1.12-1.99%
  • dogecoinDogecoin(DOGE)$0.072332-2.92%
  • solanaSolana(SOL)$22.530.41%
  • binance-usdBinance USD(BUSD)$1.01-0.15%
  • polkadotPolkadot(DOT)$6.20-2.75%
  • shiba-inuShiba Inu(SHIB)$0.000011-1.64%
  • tronTRON(TRX)$0.066169-1.30%
  • litecoinLitecoin(LTC)$79.59-3.18%
  • avalanche-2Avalanche(AVAX)$16.81-3.19%
  • daiDai(DAI)$1.00-0.02%
  • uniswapUniswap(UNI)$6.19-3.54%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,966.000.54%
  • ToncoinToncoin(TON)$2.400.16%
  • chainlinkChainlink(LINK)$7.110.11%
  • cosmosCosmos Hub(ATOM)$11.69-3.27%
  • leo-tokenLEO Token(LEO)$3.38-0.10%
  • moneroMonero(XMR)$154.970.89%
  • ethereum-classicEthereum Classic(ETC)$19.92-4.00%
  • okbOKB(OKB)$45.61-2.81%
  • bitcoin-cashBitcoin Cash(BCH)$131.17-2.65%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • filecoinFilecoin(FIL)$5.83-4.72%
  • stellarStellar(XLM)$0.0878820.20%
  • AptosAptos(APT)$12.19-4.37%
  • true-usdTrueUSD(TUSD)$1.01-0.23%
  • lido-daoLido DAO(LDO)$2.31-4.33%
  • quant-networkQuant(QNT)$127.26-3.64%
  • hedera-hashgraphHedera(HBAR)$0.061394-3.00%
  • crypto-com-chainCronos(CRO)$0.070192-6.14%
  • nearNEAR Protocol(NEAR)$2.00-4.01%
  • blockstackStacks(STX)$1.224.51%
  • vechainVeChain(VET)$0.022827-5.66%
  • internet-computerInternet Computer(ICP)$5.15-3.14%
  • algorandAlgorand(ALGO)$0.211312-3.47%
  • apecoinApeCoin(APE)$4.08-2.30%
  • the-graphThe Graph(GRT)$0.148033-2.16%
  • fantomFantom(FTM)$0.463144-6.12%
  • eosEOS(EOS)$1.171.46%
  • the-sandboxThe Sandbox(SAND)$0.66-4.14%
  • flowFlow(FLOW)$1.113.58%
  • immutable-xImmutableX(IMX)$1.29-10.01%
  • elrond-erd-2MultiversX(EGLD)$44.301.56%
  • decentralandDecentraland(MANA)$0.61-3.74%
  • aaveAave(AAVE)$76.38-2.30%
  • tezosTezos(XTZ)$1.17-5.13%
  • fraxFrax(FRAX)$1.00-0.28%
  • theta-tokenTheta Network(THETA)$1.01-4.31%
  • axie-infinityAxie Infinity(AXS)$8.63-4.82%
  • havvenSynthetix Network(SNX)$2.941.67%
  • kucoin-sharesKuCoin(KCS)$9.351.05%
  • neoNEO(NEO)$12.34-4.05%
  • conflux-tokenConflux(CFX)$0.402527-9.32%
  • optimismOptimism(OP)$2.50-4.50%
  • rocket-poolRocket Pool(RPL)$40.57-3.62%
  • BitDAOBitDAO(BIT)$0.53-2.33%
  • paxos-standardPax Dollar(USDP)$1.00-0.32%
  • gatechain-tokenGate(GT)$5.37-1.24%
  • terra-lunaTerra Luna Classic(LUNC)$0.000127-3.27%
  • curve-dao-tokenCurve DAO(CRV)$0.97-2.53%
  • usddUSDD(USDD)$1.00-0.26%
  • klay-tokenKlaytn(KLAY)$0.230509-0.93%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.83-0.79%
  • mina-protocolMina Protocol(MINA)$0.80-4.18%
  • bitcoin-cash-svBitcoin SV(BSV)$36.20-1.77%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.78-5.52%
  • gmxGMX(GMX)$79.03-2.41%
  • huobi-tokenHuobi(HT)$4.020.88%
  • sapphireSapphire(SAPP)$0.7035.32%
  • chilizChiliz(CHZ)$0.119030-1.74%
  • dashDash(DASH)$56.220.30%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • ecasheCash(XEC)$0.000032-2.80%
  • makerMaker(MKR)$669.55-3.74%
  • frax-shareFrax Share(FXS)$8.04-2.60%
  • iotaIOTA(MIOTA)$0.214936-2.88%
  • xdce-crowd-saleXDC Network(XDC)$0.04297621.30%
  • bittorrentBitTorrent(BTT)$0.000001-7.10%
  • singularitynetSingularityNET(AGIX)$0.467868-5.84%
  • Bitget TokenBitget Token(BGB)$0.3835140.79%
  • EdgecoinEdgecoin(EDGT)$1.01-0.29%
  • compound-ethercETH(CETH)$35.14-1.29%
  • pax-goldPAX Gold(PAXG)$1,995.54-0.22%
  • Tokenize XchangeTokenize Xchange(TKX)$6.33-0.50%
  • trust-wallet-tokenTrust Wallet(TWT)$1.21-3.94%
  • tether-goldTether Gold(XAUT)$1,977.20-1.26%
  • render-tokenRender(RNDR)$1.33-5.48%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • zilliqaZilliqa(ZIL)$0.027891-3.60%
  • osmosisOsmosis(OSMO)$0.82-2.44%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • compound-usd-coincUSDC(CUSDC)$0.022839-0.21%
  • arweaveArweave(AR)$8.62-2.90%
  • 1inch1inch(1INCH)$0.52-4.04%
  • radixRadix(XRD)$0.041980-0.64%
  • loopringLoopring(LRC)$0.341563-7.48%
  • thorchainTHORChain(RUNE)$1.41-2.12%
  • mask-networkMask Network(MASK)$5.51-4.11%
  • oec-tokenOKC Token(OKT)$23.25-3.71%
  • kavaKava(KAVA)$0.92-4.52%
  • fetch-aiFetch.ai(FET)$0.396820-3.38%
  • convex-financeConvex Finance(CVX)$5.41-3.87%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,879.81-0.80%
  • enjincoinEnjin Coin(ENJ)$0.399670-5.05%
  • casper-networkCasper Network(CSPR)$0.036573-0.92%
  • gemini-dollarGemini Dollar(GUSD)$1.01-0.12%
  • DeFiChainDeFiChain(DFI)$0.58-0.07%
  • MagicMagic(MAGIC)$1.833.44%
  • dydxdYdX(DYDX)$2.53-4.37%
  • zcashZcash(ZEC)$34.79-3.69%
  • FLOKIFLOKI(FLOKI)$0.0000391.55%
  • btse-tokenBTSE Token(BTSE)$2.34-2.64%
  • nexoNEXO(NEXO)$0.684.65%
  • WEMIXWEMIX(WEMIX)$1.542.50%
  • cdaicDAI(CDAI)$0.022217-0.20%
  • basic-attention-tokenBasic Attention(BAT)$0.242056-4.16%
  • EthereumPoWEthereumPoW(ETHW)$3.33-3.30%
  • FlareFlare(FLR)$0.030196-0.92%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.0000000.84%
  • DogechainDogechain(DC)$0.001787-24.98%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.71-3.16%
  • nemNEM(XEM)$0.038610-4.96%
  • Nexus MutualNexus Mutual(NXM)$50.33-1.17%
  • woo-networkWOO Network(WOO)$0.202243-5.50%
  • terra-luna-2Terra(LUNA)$1.42-2.02%
  • qtumQtum(QTUM)$3.22-5.39%
  • theta-fuelTheta Fuel(TFUEL)$0.054149-4.25%
  • injective-protocolInjective(INJ)$4.09-1.95%
  • holotokenHolo(HOT)$0.001807-3.34%
  • galaGALA(GALA)$0.042421-6.45%
  • Gains FarmGains Farm(GFARM2)$8,805.86-1.43%
  • ravencoinRavencoin(RVN)$0.026273-4.09%
  • kusamaKusama(KSM)$34.58-3.15%
  • celoCelo(CELO)$0.63-4.29%
  • Aleph ZeroAleph Zero(AZERO)$1.41-0.42%
  • Access ProtocolAccess Protocol(ACS)$0.010270-1.66%
  • compound-governance-tokenCompound(COMP)$44.12-3.11%
  • KaspaKaspa(KAS)$0.0170786.09%
  • decredDecred(DCR)$19.93-3.08%
  • oasis-networkOasis Network(ROSE)$0.058667-5.12%
  • AstarAstar(ASTR)$0.066187-4.31%
  • bitcoin-goldBitcoin Gold(BTG)$16.37-3.54%
  • gnosisGnosis(GNO)$110.22-0.28%
  • bloxBlox(CDT)$0.4223698.95%
  • olympusOlympus(OHM)$10.24-0.95%
  • BeldexBeldex(BDX)$0.0546850.47%
  • audiusAudius(AUDIO)$0.285983-5.54%
  • yearn-financeyearn.finance(YFI)$8,583.09-2.37%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-1.02%
  • ankrAnkr Network(ANKR)$0.033996-3.59%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.20-0.03%
  • linkLINK(LN)$40.82-2.06%
  • omisegoOMG Network(OMG)$1.94-8.27%
  • liquity-usdLiquity USD(LUSD)$1.02-0.10%
  • balancerBalancer(BAL)$6.54-1.55%
  • stepnSTEPN(GMT)$0.411154-4.62%
  • chiaChia(XCH)$38.12-1.00%
  • SSV NetworkSSV Network(SSV)$36.07-4.64%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Gains NetworkGains Network(GNS)$8.32-1.19%
  • harmonyHarmony(ONE)$0.020560-4.22%
  • convex-crvConvex CRV(CVXCRV)$0.87-1.90%
  • AstraferAstrafer(ASTRAFER)$1.61-2.45%
  • huobi-btcHuobi BTC(HBTC)$27,887.000.80%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • golemGolem(GLM)$0.242610-7.33%
  • justJUST(JST)$0.026868-2.90%
  • DAO MakerDAO Maker(DAO)$1.59-7.64%
  • moonbeamMoonbeam(GLMR)$0.392404-4.30%
  • BlurBlur(BLUR)$0.57-0.13%
  • iotexIoTeX(IOTX)$0.024826-3.81%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • ecomiECOMI(OMI)$0.000851-2.31%
  • kadenaKadena(KDA)$1.03-2.43%
  • escoin-tokenEscoin(ELG)$2.85-0.12%
  • nucypherNuCypher(NU)$0.175568-1.24%
  • jasmycoinJasmyCoin(JASMY)$0.004776-2.79%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • sushiSushi(SUSHI)$1.17-4.19%
  • amp-tokenAmp(AMP)$0.004011-2.77%
  • tether-eurtEuro Tether(EURT)$1.080.43%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • wavesWaves(WAVES)$2.20-3.88%
  • LiquityLiquity(LQTY)$2.393.39%
  • terrausdTerraClassicUSD(USTC)$0.022236-3.38%
  • Frax EtherFrax Ether(FRXETH)$1,757.78-0.73%
  • band-protocolBand Protocol(BAND)$1.71-3.73%
  • siacoinSiacoin(SC)$0.004023-5.03%
  • iconICON(ICX)$0.216601-4.55%