Flourishing Capital is Integrating Chainlink Price Feeds as Key Input in Its AI-Powered DeFi Portfolio Management Solution
We’re excited to announce that Flourishing Capital is integrating Chainlink Price Feeds to supply our AI-powered portfolio manager with high-quality, real-time price reference data in a highly secure and reliable manner. Chainlink’s industry-leading price oracle solution will be a key input for generating AI-based portfolio recommendations based on current market conditions. These recommendations can then go on to execute portfolio rebalances, determine strategy probabilities, calculate technical indicators, or identify arbitrage opportunities on behalf of users.
Our AI-powered DeFi investment analysis platform wishes to empower strategic portfolio investment decisions using deep learning blockchain analysis and high frequency trading. Flourishing Capital lets users deposit their crypto assets and offers a number of sophisticated AI-based analysis and portfolio management tools both for beginners and experienced users. For beginners just getting into crypto, they can trade more like the pros for a small premium while experienced users can implement set-and-forget strategies based on transparent, refined systems.
To support the complex decision-making process of our deep learning algorithms, it’s imperative to have a secure source of price data that our algorithms can consistently reference. Inaccurate or worse manipulated data can lead to poor recommendations and the loss of users’ funds. Not only does our AI-powered DeFi Advisor need up-to-date prices, but they should reflect a volume weighted average with wide market coverage in order to arrive at more accurate global market prices. Having aggregated data in real-time leads to much more precise decision making and better identification of opportunities in the market.
Chainlink Price Feeds are open-source, decentralized data feeds that are time-tested in products and already help secure tens of billions of dollars of value in the decentralized finance and traditional finance ecosystems. By integrating Chainlink Price Feeds, the decision-making process of our algorithms ultimately becomes more transparent and tamper-proof while still having high accuracy and reliability.
Some of the key optimization around Chainlink Price Feeds that make it ideal even over centralized alternatives, 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 suspicious volumes. Chainlink’s data aggregation model generates accurate global market prices that are resistant to API/exchange downtime, flash crash outliers, and data manipulation attacks.
- Low Deviation Updates — Chainlink Price Feeds running on Polygon can perform low deviation price updates at minimal costs, resulting in precise price data that consistently reflects current market conditions.
- Robust Infrastructure — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime during market volatility.
- Transparent Monitoring — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of price feeds.
“We’re excited to strengthen the infrastructure of our AI DeFi Advisor using Chainlink, bringing stronger transparency and manipulation-resistance guarantees to users while still maintaining high-frequency, high-uptime price updates with wide market coverage,“ stated Eric Gonzalez, CEO of Flourishing Capital. “Ultimately, this will help us deliver a superior user experience, where users have more insight into how our backend systems work yet still get the efficiency and precision they come to love in regards to automated portfolio management and predictive analytics.”
About Flourishing Capital
Founded in 2020, Flourishing Capital is led by experienced entrepreneurs who’ve held key roles at Goldman Sachs, Nvidia, Oracle, Dun & Bradstreet, and Planview, with a combined three decades of experience in digital assets research and development, payments systems, scalable platform deployment, and acquisitions at companies such as Paypal.
To boost risk adjusted portfolio return and support a vibrant crypto ecosystem, crypto investors need unbiased, objective, real time, information grounded in large data set blockchain analysis to rapidly rebalance assets as market conditions change. FlourishingAI platform is the first to market solution to address this need.
For additional information, please visit www.flourishingai.com
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink by visiting chain.link or read the documentation at docs.chain.link. To discuss an integration, reach out to an expert.