Chainlink Integrations
FODL Integrates Chainlink VRF To Help Determine Winners in NFT Giveaways
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VRF
May 4, 2022
About
FODL

212What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text test link to that field in the settings panel. Voila!

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The FODL platform combines several money “legos” of the DeFi ecosystem — flash loans, collateral lending platforms, proprietary position protection bots, and cross-asset price indexing — to build a fully decentralized leverage trading platform.

FODL enables traders to utilize leverage for their trades without paying a funding rate. This leverage is derived from existing DeFi building blocks, Compound and Aave. In essence, traditional DeFi borrow/lend platforms are turned into money markets, providing users with access to leverage by margining assets. Our motto is: Be your own funding rate!

Additionally, FODL follows a decentralized ethos of transparency, low fees, user autonomy, and distributed revenue distribution. All positions and calculations are handled on-chain using live market data, users maintain the keys to their positions and do not send funds to a central pool or protocol, and FODL fee revenue is distributed entirely to FODL LPs via buybacks, essentially decentralizing all protocol revenue. Not your keys, not your coins.

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About Chainlink

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 reading the developer documentation at docs.chain.link

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VRF
DeFi