Amy Finance Will Integrate Chainlink Price Feeds on Arbitrum
Dear Cat People 👩🏻🌾 👨🌾,
👻We’re excited to announce our ongoing integration of Chainlink Price Feeds on Arbitrum to provide you with the most smooth trading experience, as well as robust protection of your funds.
Chainlink Price Feeds have proven over an extensive period of time to showcase secure and stable performance, providing the industry’s most high quality price data and maintaining high reliability during times of extreme market volatility and network congestion. With Chainlink oracles going live on the Arbitrum Rollup Testnet and actively being integrated into the mainnet, we’re confident that Chainlink will continue providing the same levels of reliability and security but with the high-speed performance and low cost advantages of Arbitrum’s Layer2.
🏖Amy Finance is a Layer 2 based & LP friendly Lending Protocol, with V1 supporting assembly pool, margin trading, and NFT mining. It implements a unique architecture that maximizes capital efficiency for liquidity providers via a single-asset staking experience, while at the same time avoiding impermanent losses and offering diversified income streams that are non-existent elsewhere. Amy Finance has integrated into pools with sufficient liquidity, particularly DODO and Wootrade, which can bring the best price for you who conduct margin trading.
We believe the synergy among Chainlink, Arbitrum, and Amy Finance is going to be enormous for the DeFi industry, bringing unprecedented scalability while retaining decentralization.⚡️ Chainlink Price Feeds will be referenced by Amy Finance to trigger liquidations for undercollateralized loans and leveraged positions based on the most up-to-date global asset prices.
Some of the main reasons we selected Chainlink Price Feeds include:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and wash trading. Chainlink’s data aggregation model protects users from API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record of reliability.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
This architecture has established Chainlink as the most widely used decentralized oracle solution, securing tens of billions of dollars in value for the DeFi ecosystem. Our integration will open the door for seamless cooperation with many of projects in the Chainlink ecosystem. Additionally, it will enable us to easily launch new Chainlink Price Feeds and oracle solutions in the future to keep improving your experience and meet your demand.
Securing DeFi Together
🚀My cat lovers, we are committed to developing a secure, maximally capital-efficient Layer 2-based aggregator for you. Recently, the problems of flash loans are looming large, which has led to many problems due to thoughtless protocol design and imprudent risk assessment.
Not only does Chainlink’s use of data aggregators mitigate data manipulation issues from flash loans, but Chainlink Price Feeds operate on a reference contract model, meaning price updates are asynchronous (occurs over multiple blocks) while data queries from smart contracts remain fully synchronous (occurs within a single transaction). This allows you to receive the market-wide price of an asset at any point in time with flash-loan protection.
🐱According to Amy Finance CTO Satoru Miyamoto “As our ecosystem grows, using a highly secure and reliable price oracle solution like Chainlink is a must for us. We are more than proud to be integrating Chainlink and offer you a smoother and much more secure Layer2 trading and lending experience, ensuring secure, fair, and transparent data delivery for the critical price data that powers our liquidation engine on Arbitrum. This will enable us to meet our two goals: security and capital efficiency.”
Stay tuned for more updates with Amy Finance and Chainlink!
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link, subscribe to the Chainlink newsletter, and follow @chainlink on Twitter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper.
About Amy Finance
Amy Finance is a Layer 2 based & LP friendly Lending Protocol. Fair launch, without any presale or private investor. It helps users to earn safe and high yields.
Lend, Leverage and Earn on Amy Finance.