Solster is Integrating with Leading Oracle Solution Chainlink
The Solster team is pleased to share with our community the start of an ongoing integration of Chainlink to support the growth of our ecosystem.
Solster plans to begin by integrating Chainlink Price Feeds to supply our platform with secure, reliable, and high-quality pricing data, starting with the SOL/USDC and STR/SOL trading pairs to determine the real-time value of our native token. Chainlink Price Feeds will also be displayed in our dApp as the main header ticker.
We selected Chainlink because it has demonstrated beyond any doubt that it is the best decentralized oracle solution in the industry, providing smart contracts with secure, low-cost, and high-quality decentralized services needed to support advanced blockchain applications. Chainlink oracle solutions are critical to the Solster team, aligning with our number one commitment of creating the most transparent and trustworthy DeFi launchpad. We look forward to other possible Chainlink integrations in the future and the benefits they will provide for our community.
Solana is a high-performance, low-cost blockchain network that enables developers to build scalable smart contract applications that operate on a global scale. Developers can leverage Chainlink Price Feeds natively on Solana for decentralized, fast-updating price reference data with wide market coverage to securely build a variety of hybrid smart contract applications in DeFi.
The addition of Chainlink Price Feeds will give developers access to the most proven decentralized oracle solution, which is pre-built and time-tested in production to secure high-value operations. Importantly, Chainlink’s Solana deployment has no dependencies on external blockchain networks, meaning oracle updates will occur at the native speed and costs of the Solana network while still delivering premium data quality, high uptime, and strong tamper-resistance, all of which developers have come to appreciate from Chainlink.
Chainlink Price Feeds have a verifiable track record of helping secure tens of billions of dollars in on-chain value, even during unexpected situations like exchange downtime, flash crash outliers, spiking gas prices, and data manipulation attacks via flash loans. It’s for these reasons and more that we are excited to begin this journey with Chainlink on Solana.
“By integrating Chainlink Price Feeds natively into the Solster Ecosystem, we will have an accurate, reliable on-chain pricing model for our native token.”
— Darshit Parmar, Founder of Solster Finance
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.
Solster Finance is an ecosystem that helps investors to diversify their decentralized finances (DeFi) and elevate their experience. Our DeFi ecosystem incorporates an IDO Launchpad for Solana projects, decentralized exchange (DEX) for crypto trading, token swap, token staking, token vesting and a lottery platform.
Solster aims to be a platform that enables crypto enthusiasts to get involved in DeFi projects while offering fantastic utility as a holistic ecosystem. Built on the Solana ecosystem, Solster is determined to scale and become integral to the rapidly growing DeFi industry.