We’re super excited to announce that Unilayer’s v2 DEX aggregator is using Chainlink’s market leading Price Feeds. The Chainlink Network provides the most extensive collection of tamper-proof, on-chain price reference data in the market, allowing Unilayer users to calculate trading costs and document their trading history in a manner that’s reflective of the fair market value for a variety of assets. Already securing over $4 billion in DeFi for both leading and emerging applications, Chainlink’s decentralized price oracle networks serve as the most widely referenced benchmark for DeFi assets, enabling developers across the globe to build more advanced smart contract applications.
What are some of the benefits of this integration?
The integration with Chainlink is a move in the right direction for the Unilayer v2 DEX aggregator. It will provide our users with high-quality data directly from Chainlink Price Feeds to ensure that all of our users have the most accurate and reliable market prices for all token pairs available on our DEX aggregator.
After reviewing many blockchain oracle solutions on the market, we decided to go with Chainlink because it has established a stellar reputation around providing DeFi projects and organizations with accurate real world data via highly secure and reliable decentralized oracle networks.
Some of the reasons we identified Chainlink Price Feeds as the best solution for Unilayer and our users include:
- High-quality data sourced from premium off-chain aggregators, ensuring our price feeds reflect an aggregate of all types of trading environments, not just prices from a single exchange.
- Secure oracle node operators run by leading security and blockchain DevOps teams, providing us with highly secure and reliable oracle services that are Sybil resistant.
- Decentralization at the oracle and data source level, bringing high availability and manipulation resistance to the sourcing and delivery of data feeds to our platform.
- Proven oracle infrastructure securing billions of dollars in value for top DeFi applications, showing its ability to secure real value live on mainnet.
“UniLayer is creating advanced trading tools to connect traders from institutional and retail backgrounds to the incredible variety of assets available on Uniswap,” said UniLayer Founder Geo. “Chainlink ensures that the UniLayer system has access to the most accurate and reliable prices to create a premium user experience for our traders.”
We want to thank Chainlink for giving us the opportunity to work together and providing our community with a reliable oracle solution for our DEX aggregator. We believe this will be one of many integrations in the foreseeable future as we release more products for the UniLayer ecosystem.
UniLayer is a Decentralised Finance (DeFi) solution, a set of smart contracts, sitting on top of the Ethereum Blockchain (as infrastructure) and operating on UniSwap (as code logic) by providing users with an extensive toolset for automating their trading and liquidity operations on UniSwap.
Chainlink is the most widely used and secure way to power universal smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain.link, subscribe to the Chainlink newsletter, and follow @chainlink on Twitter.