Jamonswap Continues Protocol Growth With Integration of Multiple Chainlink Services
On 03/10/2022, we integrated Chainlink Keepers into the JamonSwap DEX on Polygon to help develop advanced trading orders. As a result, we were able to allow users to set limit orders, stop losses, and take profit orders.
In support of the continued growth and maturation of our decentralized infrastructure, we have now expanded our integration with Chainlink. Through a combination of Chainlink Keepers and Chainlink Price Feeds, we are able to check the price of the tokens in a pair to help establish tamper-proof prices for limit orders. With Chainlink Keepers, we can allow our users to set up advanced trading orders.
The Continued Growth of JamonSwap, Supported by Chainlink Services
Thanks to the integration of Chainlink Keepers with JamonSwap, we are now able to offer advanced trading tools. Thanks to the data collected by Chainlink oracles, we are able to integrate limit, take profit, and stop loss orders.
Chainlink Price Feeds
Chainlink Price Feeds allow us to query the price of a pair’s tokens to help establish a tamper-proof price and execute the order, triggered by Chainlink Keepers. This helps prevent price manipulation that could harm users who have already programmed orders. Price Feeds are also used to support bond rewards calculations.
Expanding With Chainlink VRF
JamonSwap will also feature a raffle system and a decentralized roulette wheel.
In order to help ensure the randomness of the results, we needed to integrate a verifiable random number generator (RNG) solution. By using Chainlink Verifiable Random Function (VRF), we can provide users with strong assurances that the results are random and fair.
Looking Ahead: Becoming a Reference DEX for Blockchain and Crypto Users
We have already integrated Chainlink VRF in other projects. Considering the unparalleled quality of Chainlink oracle services, it was a no-brainer to leverage Chainlink in JamonSwap to cover the requirements of our new project and create something new in the decentralized finance space.
We believe that by integrating Chainlink Keepers into our platform, we are able to offer a tool that will make it easier for users to trade, increasing the number of users attracted to our platform.
“To become a leading DEX, you have to surround yourself with the best — that’s why we chose Chainlink to enhance our platform with more advanced functionality.” — Luis Fernandez, CEO
About Chainlink
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.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About JamonSwap
JamonSwap wants to be the decentralized exchange of reference within the POLYGON network, a tool capable of delivering the best user experience when exchanging, managing, and investing their digital assets, cryptocurrencies. It is a multicross-chain DEX developed in the Polygon network and will support a multitude of networks facilitating the operation of DEX users. Our users can operate with leverage and with advanced trading tools, stop loss, take profit, limit order, etc. In addition, we have several burning systems and a controlled and moderate emission based on the input and input of liquidity. So the ultimate goal is to be deflationary and thus have greater value in the near future. JamonSwap is much more than a DEX, it is a Fintech in which both the platform and the user work in sync. At JamonSwap we are committed to a deflationary system that maintains an attractive return for users through our innovative liquidity bond system. We have advanced trading tools, limit order, stop loss and take profit. We have a lending platform and we lend with our own stable currency JUSD. We also have the J-Share token, in which users who stake their tokens get the profits from the DEX commissions. We have an advanced system of burning governance token (Jamon), thus reducing the issuance of new tokens.
