Liqwid has Integrated Charli3 Oracle Price Feeds
Our team is pleased to announce the Liqwid liquidity market and liquid staking protocol has integrated Charli3’s oracle price feeds to secure collateral and liquidations in the SHEN market. The Liqwid protocol has completed integration for the SHEN/USD price feed and will soon integrate the ADA/USD Charli3 price feed. Liqwid is using Charli3’s decentralized price feeds for calculations to create new loans, update collateral values, and initiate liquidations for undercollateralized loans. Integrating Cardano native oracle service provider Charli3’s price feeds ensures that the price data referenced within Liqwid markets is accurate, continuous and resistant against centralized oracle price manipulations from a single trusted source. This is one part of the Liqwid core team’s ongoing commitment to moving towards a fully decentralized lending protocol on Cardano.
In addition to ADA/USD and SHEN/USD price feeds we are also working on multiple new feeds to support the growing demand for new markets on Liqwid v1. To review all the new markets being proposed for launch on Liqwid v1 please visit the “New Markets” section in the Liqwid governance forum.
"The integration work with Liqwid has been fantastic and professional. This process is the main reason we have CNT aggregation capability so quickly within our node network, due to the consistent work of our talented developers. This work together is exciting for future developments of Liqwid markets and new protocols" - Charli3 Co-Founder, Damon Zwarich
“Charli3 is Cardano’s first decentralized oracle service provider on mainnet, working with the talented developers that built this protocol and seeing their clear vision for the evolution of Cardano DeFi has been insightful and super motivating!” — Liqwid co-founder, Dewayne Cameron
As the first DeFi protocol to begin building on Cardano and now the first to integrate with a Cardano native decentralized oracle protocol, we aim to set a focus on decentralization and safety for other protocols within the Cardano DeFi ecosystem to follow.
About Liqwid Finance
Liqwid is an algorithmic liquidity market protocol built on Cardano. Users can securely earn interest on deposits and borrow assets with ease while earning yield on ADA from liquid staking, interest and additional revenue streams.
About Charli3 Oracles
Charli3 is Cardano’s first oracle provider. Charli3’s decentralized node network provides the framework for projects to supply secure, accurate, and safe data to their platforms and communities. This on-chain and off-chain data can take many forms, in asset prices, weather, gaming results, sporting results, etc... We bring the network of data to your door.