LBank Exchange Integrates Chainlink Price Feeds for Secure Perpetual Futures Prices

PRESS RELEASE. Lbank excited to denote that LBank Exchange—the world-class integer plus trading platform—has integrated Chainlink Price Feeds. By integrating the industry-leading decentralized oracle network, LBank Exchange volition person entree to high-quality, tamper-proof terms feeds needed to assistance unafraid perpetual futures trading connected the platform. This volition supply our users with stronger assurances that LBank futures contracts are utilizing reliable, high-quality marketplace information for plus prices.

Chainlink was chosen arsenic the go-to oracle solution due to the fact that its infrastructure is seamless to integrate and time-tested successful production. Chainlink already helps unafraid starring DeFi protocols liable for tens of billions of dollars successful astute declaration value. It stays unafraid and disposable adjacent amidst unexpected web events, specified arsenic speech downtime, flash crashes, and information manipulation attacks via flash loans.

As a planetary integer plus trading level that provides services to much than 6.4 cardinal users crossed the world, LBank Exchange has created a secure, innovative, and trustworthy abstraction for crypto traders since 2015. Like galore platforms successful the industry, the squad initially utilized people terms to forestall unfair and unnecessary liquidations that whitethorn hap during precocious terms volatility. But since starring exchanges thin to notation each different successful presumption of prices, determination are risks that these prices suffer their reliability erstwhile the marketplace is highly volatile.

To assistance unafraid perpetual futures trading processes for users, Lbank needed entree to caller plus prices that are supplied straight on-chain successful a highly reliable manner. Fair marketplace plus prices should bespeak a volume-weighted mean from each trading environments. Thus, it was needed to marque usage of an oracle web to cod aggregated terms information successful a unafraid and reliable way, without relying connected recursive centralized feeds.

After reviewing assorted oracle solutions, LBank Exchange decided to integrate Chainlink Price Feeds due to the fact that they supply a multitude of captious features specified as:

l High-Quality Data — Chainlink Price Feeds root information from galore premium information aggregators, which gives terms information that comes from hundreds of exchanges, weighted by volume, and cleaned of outliers and lavation trading. Chainlink’s information aggregation exemplary generates much precise planetary marketplace prices that are inherently resistant to inaccuracies oregon manipulation of immoderate azygous exchange.

l Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes tally by starring blockchain DevOps teams, information providers, and accepted enterprises. Chainlink nodes person a beardown way grounds of reliability, adjacent during precocious state prices and infrastructure outages.

l Decentralized Network — Chainlink Price Feeds are decentralized astatine the information source, oracle node, and oracle web levels, generating beardown protections against downtime and tampering by either the information supplier oregon oracle network.

l Reputation System — Chainlink provides a robust estimation model and acceptable of on-chain monitoring tools that let users to independently verify the humanities and real-time show of node operators and oracle networks.

After updating from people terms to just marketplace terms via Chainlink, the caller strategy volition soon beryllium wide adopted into futures terms calculation, lending concern expansion, assorted fiscal derivatives specified arsenic leverage, and different sections that impact idiosyncratic assets evaluation. By integrating with Chainlink, LBank Exchange volition beryllium capable to supply users with much options for investment, and services with much precise plus worth evaluation.

About Chainlink

Chainlink is the manufacture modular for building, accessing, and selling oracle services needed to powerfulness hybrid astute contracts connected immoderate blockchain. Chainlink oracle networks supply astute contracts that tin reliably link to immoderate outer API and leverage unafraid off-chain computations for enabling feature-rich applications. Chainlink presently secures tens of billions of dollars crossed DeFi, insurance, gaming, and different large industries, and offers planetary enterprises and starring information providers a cosmopolitan gateway to each blockchains.

Learn much astir Chainlink by visiting chain.link oregon work the documentation at docs.chain.link. To sermon an integration, scope retired to an expert.

About LBank Exchange

LBank Exchange, founded successful 2015, is an innovative planetary trading level for assorted crypto assets. LBank Exchange provides its users with harmless crypto trading, specialized fiscal derivatives, and nonrecreational plus absorption services. It has go 1 of the astir fashionable and trusted crypto trading platforms with implicit 6.4 cardinal users from present much than 210 regions astir the world.

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Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

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