Spartan Hill creates Colombian peso stablecoin DLY with Chainlink integration

Spartan Hill creates Colombian peso stablecoin DLY with Chainlink integration
фото показано с : invezz.com

2021-10-7 18:00

Spartan Hill, a FinTech platform based in South America, announced a Chainlink (LINK/USD) Price Feeds integration to support Daily (DLY), a new, decentralized Colombian Peso stablecoin, Invezz learned from a press release.

Spartan Hill can calculate the value of crypto collateral used to mint or burn new DLY stablecoins by using a new Chainlink Price Feed for COP-USD safely and accurately. That way, the new token becomes very reliable and trusted as an asset because it runs decentralized end-to-end.

Chainlink secured tens of billions for top DeFi protocols

Spartan Hill chose Chainlink because it’s the most popular, time-tested oracle network in the blockchain industry and has helped secure tens of billions in value for top DeFi platforms. Chainlink Price Feeds boast vast market coverage, enabling them to provide high-quality price data on-chain.

Cesar Marroquin, CIO of Spartan Hill, said:  

Chainlink Price Feeds are the ideal solution to support the upcoming launch of DLY as they are thoroughly time-tested in production and backed by enterprise-grade data quality and infrastructure security. The integration of Chainlink Price Feeds will enable us to consistently price collateral accurately and securely based on current global market conditions—all in a decentralized and transparent manner.

The first decentralized peso stablecoin

Spartan Hill is a pioneer in building DLY, the first native decentralized stablecoin in South America, which is in a currency board with the Colombian peso. The coin will be an easily accessible digital asset for everyone looking for stable collateral or stable crypto payments within money markets and other DeFi protocols.

Chainlink Price Feeds will play a pivotal role by providing current, accurate, and tamper-proof COP-USD price reference data, making sure the new stablecoin is always fully collateralized.  

Benefits of Chainlink Price Feeds  

Chainlink Price Feeds boast pluses like secure node operators, reliable data, a great reputation, and a fully decentralized network. Their data comes from a number of premium data aggregators. It’s cleaned of bulk, weighted by volume, and aggregated from hundreds of exchanges.

The feeds are decentralized at the oracle network levels, oracle node, and data source, generating strong protections against tampering and downtime. They are secured by security-reviewed, independent oracle nodes run by leading data providers, blockchain DevOps teams, and traditional enterprises.

Finally, Chainlink’s solid reputation precedes them. Their users are able to check the real-time prices being offered and verify the historical performance of node operators and oracle networks independently.

The post Spartan Hill creates Colombian peso stablecoin DLY with Chainlink integration appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Uruguayan Peso (UYU) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 UYU

dly chainlink spartan stablecoin integration peso colombian

Источник: invezz.com

dly chainlink → Результатов: 2


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

362,380 LINK move in 48 hours: Here's what Chainlink whales are up to

Whale accumulation and technical indicators suggest LINK could rebound from its critical $21 support. Rising transactions, active addresses, and falling reserves reinforce confidence in LINK’The post 362,380 LINK move in 48 hours: Here's what Chainlink whales are up to appeared first on AMBCrypto.

LINK to $50? Here's what the altcoin must do to hit that price target!

Market sentiment around the token has remained bearish lately However, metrics indicated that the possibility of a sustained bull rally can’t be ruled out After a major dip last week, ChaiThe post LINK to $50? Here's what the altcoin must do to hit that price target! appeared first on AMBCrypto.

Chainlink- Analyzing the price impact of whale's $2.95M withdrawal

Chainlink whales withdrew 100,000 LINK tokens worth $2.95 million in 24 hours. LINK has declined by 3.02% over the past day. After hitting a recent high of $30.49, Chainlink [LINK] has experThe post Chainlink- Analyzing the price impact of whale's $2.95M withdrawal appeared first on AMBCrypto.

Chainlink mirrors Ethereum: Will this help LINK surge past $90?

Chainlink mirrored a historical pattern of Ethereum, suggesting a potential rally. Whales and institutions continue to accumulate LINK tokens. Comparing Chainlink [LINK] and Ethereum [ETH] pThe post Chainlink mirrors Ethereum: Will this help LINK surge past $90? appeared first on AMBCrypto.

Chainlink hits yearly high: How did World Liberty Financial help LINK rally?

Trump-backed World Liberty Financial bought LINK worth $1M. The bid triggered LINK to front a new yearly high of $29. On the 12th of December, Chainlink [LINK] soared over 23% following newsThe post Chainlink hits yearly high: How did World Liberty Financial help LINK rally? appeared first on AMBCrypto.

Chainlink price prediction: Can LINK surge over 30% after THIS?

Chainlink could hit $33 if it sustains to break and stay above the triangle pattern. Open Interest breakout, but the bid-ask delta showed an increase in sell orders recently. Chainlink [LINKThe post Chainlink price prediction: Can LINK surge over 30% after THIS? appeared first on AMBCrypto.

Chainlink closes in on 3-year-high: Will $24-level fall next?

LINK bulls must flip the $24 resistance into solid support to reinforce a breakout toward $30. Without this crucial move, FOMO may stay subdued. Chainlink [LINK] kicked off December The post Chainlink closes in on 3-year-high: Will $24-level fall next? appeared first on AMBCrypto.