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Antex Official

AntEx Integrates Chainlink Price Feeds to Help Secure Liquidity for Lending and Borrowing

We’re excited to announce that decentralized financial infrastructure platform AntEx has integrated Chainlink Price Feeds on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, AntEx has access to high-quality, tamper-proof price feeds needed to securely determine asset prices and trigger liquidations in our lending pools. This will provide our users with stronger assurances that assets are priced according to fair-market value when used for collateral on the AntEx platform.

Our initial integration involves the use of the following Chainlink Price Feeds: ETH/USD , BTC/USD, USDT/USD, BNB/USD, CAKE/USD, DOT/USD, and LINK/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for 80+ billion dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

In order to help issue loans and secure user collateral on-chain, we needed access to fresh asset prices that are supplied directly on-chain from off-chain data providers in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by Antex.

Containing both CeFi and DeFi, AntEx creates a comprehensive financial ecosystem, and provides services aimed at connecting the crypto market with the use of cryptocurrency to exchange and transact in daily life. Users can optimize and increase the value of their digital assets by using VNDT Wallet’s saving, yield farming, staking, lending services, or one of many other AntEx services, which enable users to pay bills, shop with crypto, conduct crypto-fiat swaps, and onboard through a fiat gateway. Users can also participate in DeFi activities such as lending/borrowing, liquidity pooling, and decentralized asset swapping.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

  • High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
  • Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
  • Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
  • Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

“Our integration of Chainlink Price Feeds enables us to provide the best quality of service to our users through secure and reliable price data,” said Antex CEO Henry Tran. “We expect this integration to be long term, as Chainlink will provide price feeds for many other assets to support additional collateral on AntEx in the future.”

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 read the documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Antex

AntEx is a decentralized financial ecosystem that provides an ever-growing suite of decentralized services & solutions. AntEx ecosystem focuses on:

  • Changes and improvements in financial payment gateways.
  • Build VNDT stablecoin that has the same value as VND fiat and is backed by the most legal organizations.
  • Crypto Asset Management & NFT
  • Start-up incubators for startups
  • DEX — Decentralized exchange
  • Building and providing a blockchain platform.

AntEx Ecosystem long-term vision and mission: being the most convenient, optimized, and secured platform for “Developers, Project Owners, and Community.”

Founded in the early 2021, AntEx Antex raised a total of $7.3 million, in which $4.8 millions through ANTEX token sale and $2.5 million from NextTech Group and Next100 Venture, setting the stage for Antex to scale and grow even further, in response to the high deand of customer in both CeFi & DeFi spaces. Significally, Antex hits over 100,000 active users in more than 30 countries around the world and targets 1,000,000 users in the next year, with the aim to become the Finance Hub of all blockchains.

Learn more about Antex Ecosystem HERE

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