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NEWS

Sandbank Now Powering Financial Products on its Hybrid-DeFi Platform Using Chainlink Oracles.

담당자| 08.05| 530

We are pleased to announce that Sandbank is using Chainlink’s market-leading decentralized oracle networks for Price Reference data to bring transparent and more accurate on-chain prices to digital assets used in investment and credit line products. The first three Chainlink Price Reference Feeds we are using are live on the Ethereum mainnet for ETH/USDT, BTC/USDT, and USDT/USD.

We use these price feeds to perform hourly updates to the value of Sandbank users’ interest rewards on investments, margin call rates for crypto loans, and exchange rates in instant coin swap. Because Chainlink’s price feeds are decentralized, pull from high-quality data sources, and exist on-chain to publically monitor, our customers receive even greater guarantees that they are always getting the going volume-adjusted market rate for financial products without any fear of internal or external manipulation.

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