Adding another feather to its cap, Mobius Finance has announced that it has integrated the Chainlink price feeds for its trading protocol on the Polygon mainnet. This is definitely going to add credibility to the services offered by the multi-asset trading protocol as investors will have the reassurance of having the data that is tempered proof and safe to use. The safety and security of the data in the blockchain domain are of utmost importance, and by adding this capability, the company’s sure to reap the benefits of this association.
Among the price feeds that are available for use by Mobius Finance include BTC/USD, ETH/USD, ADA/USD, and MATIC/USD. More price feeds will be added to the network in time and the reason behind the selection of Chainlink price feeds is not very difficult to ascertain. Chainlink is the leading name in the industry as far as the Oracle-based data feeds are involved and it has rock-solid reliability on the fronts of safety and performance.
The data from the organization is widely used among the leading blockchain networks across the globe. The total value locked in the smart contracts powered by the data feed from the Chainlink runs in billions of dollars, and the superior performance of the network even during unexpected events makes it a preferred choice among the industry clients.
It will be interesting to witness how this association will bring more value to Mobius Finance in terms of adding more users to its kitty while helping it to retain its existing investors. There is no doubt that both organizations have synergy in terms of business operations, and by coming together, they can ensure that they deliver superior value to the customers. This association is also important for the blockchain as it will help the industry to spread its wings and white across prospective users and investors. Needless to say, the cryptocurrency segment will also benefit from this coming together.
