Paxos Makes Fresh Push for DeFi Market With New Oracle Integration
Paxos’ stablecoin tokens have mainly been playing catch-up since the DeFi spike in 2020.
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Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform. Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At the later stages of the....
Brazil’s prominent payment app PicPay has decided to venture into the world of cryptocurrencies by teaming up with crypto exchange Paxos. With this integration Paxos will be facilitating users to buy Bitcoin and Ethereum. PicPay has officially announced via their blog post that client shall be able to buy, sell and also store two major […]
The DeFi sector is booming but the future of the sector depends on oracles, here are some of the top contenders. To the observant cryptocurrency enthusiast, the sight of multiple large-cap tokens more than tripling their value since November 2020 is a healthy sign that a bull market cycle is underway. Aside from a breakout in the price of Bitcoin (BTC), Ether (ETH) and altcoins, every bull market in the crypto sector is defined by one or two key themes that emerge as the driving force of market enthusiasm. In 2016-2017 there were ICOs, the growing popularity of collectibles like....
Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the stablecoin to about $1.30 – a premium of 30% – leaving some users on Compound under-collateralized. Compound gets its pricing data from Coinbase Pro. Now, once this happened, and based on the built-in protocol rules, this could....
DIA Association has announced the deployment of its oracle infrastructure on Avalanche’s interoperable layer one blockchain ecosystem. The integration will provide the network access to crowd-sourced and validated market data. The DeFi and digital asset market are seeing a continuous surge of new blockchains designed to solve the inefficiencies of major networks like Ethereum. DIA […]