Dolomite, a popular Defi protocol for borrowing and borrowing, has announced an exclusive development. According to Dolomite, the platform is an upgrade to the Chainlink stand to get confirmed market data for further growth of ecosystem. The company unveiled this development on its official social media account.
Build -member @dolomite_io has hired kininglink price fairs to upgrade the security of its credit markets for GLV [BTC-USD] & GLV [ETH-USD]—Receipt -tokens that represent holdings in @GMX_IOio Liquidity lockers.
Price feeds offer increased reliability and uptime for dolomite, help … https://t.co/g3heoaemho pic.twitter.com/5lgoowbxzzzzzzz
– Chainlink (@Chainlink) January 31, 2025
Dolomite accepts chain link stand for confirmable market data
Dolomite said that the Chainlink Standard allows to get sabotagrail-resistant and up-to-date price feeds. This upgrade eliminates downtime together with improving market efficiency to a large extent. In addition, it also offers consumers a considerably high -quality experience. Apart from that, Dolomite has also integrated various GMX assets to constantly support the GMX Defi Ecosystem. This includes a pair of advanced GLV -Liquidity safes.
GLV Vaults focus on resolving the edition of GMX V2.2 version of ineffective liquidity allocation at GMX markets. In addition, GMX V2 GM pools has unveiled to set a relatively reliable and safe way to offer liquidity to some GMX markets separately. On the other hand, GLV vaults are dynamically shifting as well as the liquidity on the underlying GM -Pools in accordance with the trader’s demand. This allows liquidity providers to maintain a low risk profile, in addition to offering improved user experience and capital efficiency.
Chainlink -Price fairs provide excellent data, protected junction operators and transparency
Dolomite’s integration of KettingLink PrizeFeeds takes place after thorough research into various Oracle solutions. It is said that this high -quality integration, decentralized network, protected junction operators and transparency offers. Chainlink -PriceFeeds obtain data from different best data aggregators. Chainlink’s data aggregation device creates global market prices with a considerable resistance to flash -crash juenters, data manipulation and API -Downtime. In addition, the security-overview and autonomous Oracle nodes are managed by prominent blockchain-devops groups and data providers.
According to Dolomite, Chainlink -prize feeds work in a decentralized way in the case of Oracle nodes, data in Sourcing and Oracle networks. At the same time, the publicly available and resilient reputation frameworks and on-chain monitoring instruments ensure transparency. They autonomously let consumers confirm the historical performance of Oracle Networks and junction operators. In general, the adoption of the Chainlink standard will allows Dolomite to provide an advanced Defi experience.
