dHEDGE integrates Chainlink Price Feeds live on Polygon, vast variety of assets now available to pool managers

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Sep 20, 2021
  • Chainlink has enhanced smart contract capabilities, secured tens of billions of value within DeFi
  • dHEDGE is a one-stop shop to create and manage decentralized hedge funds
  • Chainlink Price Feeds are developed based on a high standard in terms of nodes, data, infrastructure

dHEDGE has integrated Chainlink (LINK/USD) Price Feeds live on Polygon (MATIC/USD) mainnet to expand the number of assets available on the platform and ensure accurate oracle price feeds for all of them, Invezz learned from a press release. Chainlink has a deserved reputation as the golden standard for oracle networks. By making it possible for smart contracts to access real-world data and off-chain computation, Chainlink has enhanced their capabilities and secured tens of billions in value within the DeFi ecosystem.

Low latency updates at minimal costs

Chainlink also maintains reliability and security guarantees, an indivisible part of blockchain technology. A key aspect is that Chainlink Price Feeds makes low-latency updates available at minimal costs on the Polygon network to keep on-chain asset prices in line with world market conditions.

Integrations with Quickswap, 1inch, Balancer underway

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dHEDGE is a one-stop shop to create and manage decentralized hedge funds. Users of the platform can choose from a number of strategies based on past performance. It allows managers to run actively managed pools or deploy quantitative and algorithmic trading strategies. At the moment, the Sushi platform delivers trading functionality. Once integrations with 1inch, Quickswap and Balancer become fact, managers will enjoy even greater flexibility.

Ermin Nurovic, Cofounder of dHEDGE, commented the partnership:

‘’Chainlink was an easy choice when it came to implementing a price oracle solution for dHEDGE. Security is of the highest importance to us and Chainlink have a proven track record of supplying accurate price data during the most extreme market volatility and network congestion.’’

Reliable nodes, high-quality data, and more

dHEDGE selected Chainlink Price Feeds because they are developed based on a high standard in terms of nodes, data, infrastructure, performance, and more. A big collection of secure, independent, and Sybil-resistant oracle nodes secure Chainlink Price Data Feeds. They are operated by leading data providers, enterprises, and DevOps teams with an impressive on-chain performance history.

Data from premium aggregators

Chainlink Price Feeds take their data exclusively from premium data aggregators, resulting in price data that’s weighted by volume, aggregated from hundreds of exchanges, and cleaned of suspicious volumes.

Decentralized infrastructure and transparent performance  

Last but not least, the Price Data Feeds are decentralized at the oracle node, data source, and network levels. Anyone can monitor the feeds in real time.

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