Glacier is a CeDeFi transaction platform that gives various choices within the finance {industry}. It has integrated the worth feeds of Chainlink on the Polygon mainnet. Glacier can now entry tamper-proof, superior-quality pricing feeds required to assemble charges of trade in real-time on a number of fiat and cryptocurrencies utilized in borrowing and lending by integrating the industry-leading decentralized oracle community. It is going to guarantee customers by making certain that the values on the platform are at all times updated, secure, and dependable.

The next Chainlink Worth Feeds had been used within the first integration: BTC/USD, CLP/USD, and ETH/USD. Chainlink was chosen as the one oracle resolution since its structure is straightforward for integration and has been utilized in manufacturing for a very long time.

Glacier acts as a liquidity protocol through the use of the trade platform and fiat on/off-ramp to hyperlink crypto-asset house owners with house owners of fiat belongings. In consequence, house owners of crypto belongings can entry liquidity with out promoting their belongings. In distinction, house owners of fiat belongings would provide liquidity in trade for decreased threat returns. Glacier required entry to new asset values that got on-chain instantly in a really reliable method to safe the trade charges reference whereas offering loans and monitoring their collateralization. A quantity common of all buying and selling settings needs to be used to find out equal market values of an asset.

Following an analysis of a number of oracle options, Glacier determined to make the most of Chainlink Worth Feeds since they provide a number of essential traits:

• High-High quality Information- Chainlink Worth Feeds acquire information from a number of main information aggregators, leading to worth information gathered from a whole lot of exchanges freed from outliers and wash buying and selling. Information aggregation by the Chainlink strategy aids within the era of correct international market costs immune to errors or manipulation of anybody or a restricted group of exchanges.
• Safe Node Operators– Impartial, Sybil-resistant oracle nodes managed by prime Blockchain DevOps groups, information suppliers, and conventional corporations having a strong file of dependability, even amid excessive costs of fuel and infrastructure failures, shield Chainlink Worth Feeds.
• System of Status– Chainlink’s fame system contains fame structure and a set of on-chain monitoring instruments that enable customers to independently consider node operator and oracle community efficiency previously and within the present time.

About Chainlink

Chainlink is a crypto normal for creating and promoting oracle companies required to run an revolutionary hybrid community on blockchain. Good contracts could join with exterior API and use secure off-chain calculations to supply feature-rich apps, due to Chainlink oracle networks. Chainlink protects billions all through the DeFi, gaming, and different very important industries and affords a common gateway to international corporations and prime information suppliers for all blockchains.

About Glacier

Glacier is a Centralized Decentralized Finance (CeDeFi) that gives markets a singular and revolutionary various to conventional monetary companies. Glacier is a agency believer within the potential of related customers and some great benefits of centralized regulation.