dForce Integrates Chainlink Price Feeds on Arbitrum
dForce is pleased to continue our aggressive multi-chain expansion by deploying our protocol across all EVM-compatible blockchains.
As reliability of the protocol is our highest priority, we have taken various measures to ensure a smooth user experience — from bug bounty programs to robust audits to integrating with the industry leading oracle network, Chainlink.
Since our last integration in March 2021, dForce’s core developers have further integrated Chainlink Price Feeds on Arbitrum. dForce protocol further covers various EVM compatible chains — the entire list includes: Ethereum, BNB Chain, Arbitrum, Polygon, and Optimism. Chainlink is the primary oracle solution for dForce’s lending protocol and algorithmic stablecoin protocol.
EVM-compatible blockchains have various advantages and enable novel use cases. Take Arbitrum for example. Arbitrum is an Ethereum layer-2 solution that enables developers to build highly scalable smart contracts at a low cost, without sacrificing on security guarantees. As Chainlink oracle networks can function at the native speed and cost of any blockchain or layer-2 solution, DeFi users can now leverage dForce’s open finance protocol matrix with Arbitrum’s high speed and low transaction costs.
“Chainlink Price Feeds are the most widely adopted market data solution in the smart contract space, and our integration helps bring globally accurate prices to our dApp on Arbitrum. Not having to worry about the security of our oracle solution as we continue expanding in the multichain ecosystem gives our development team more time to focus on building novel DeFi solutions for our community.” — Snow, CTO at dForce
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 dForce
dForce advocates for building a complete set of DeFi protocols covering assets, lending, trading, serving as DeFi infrastructure in Web 3. dForce is currently deployed on Ethereum, Arbitrum, Optimism, and BSC with a TVL of $495m (Data Source: Defi Llama).
Our core protocols include both pool-based multi-collateral and vault-based single-collateral multi-currency stablecoins (USX and EUX). Implemented with PDLP (Protocol-Direct-Liquidity-Provision) and POO (Protocol-Owned-Operator), we are able to combat liquidity shortage effectively for protocols integrated with USX and EUX.
We also have a pool-based multi-sided lending protocol which supports multiple collaterals with a market-driven dynamic interest rate model.
dForce’s smart contracts are audited by Trail of Bits, ConsenSys Diligence, Certik and Certora, with a bug bounty launched through Immunefi.
