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dHEDGE Integrates Chainlink Price Feeds to Expand Available Assets

We’re excited to announce that dHEDGE has integrated Chainlink Price Feeds live on Polygon mainnet to expand the assets available to pool managers on the platform. As part of the dHEDGE V2 Any Asset, Anywhere, it’s imperative to have accurate oracle price feeds for all assets available on the platform.

Chainlink has a proven track record as the industry standard oracle network. Securing tens of billions in value across DeFi, Chainlink greatly expands the capabilities of smart contracts by enabling them to access real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology. Importantly, Chainlink Price Feeds provide low-latency updates at minimal costs on the Polygon network to keep on-chain asset prices fresh and in accordance with current global market conditions.

dHEDGE is a one-stop location for creating and managing decentralized hedge funds. Users can select different strategies based on transparent track records of their performance. dHEDGE accommodates managers deploying public or private pools, as well as empowers managers to deploy quantitative and algorithmic trading strategies or run actively managed pools. Trading functionality on dHEDGE V2 is currently achieved via the Sushi platform. Integrations with AAVE, 1inch, Quickswap and Balancer are currently underway which will allow managers more flexibility.

Each pool consists of up to 10 underlying assets, which can be simple tokens, LP tokens, farming positions, etc. Along with having sufficient available liquidity, one of the other prerequisites to whitelist new assets on dHEDGE V2 is accurate oracle price feeds to establish the best possible security for the smart contracts. By providing Chainlink Price Feeds on dHEDGE-supported assets, we’re helping ensure that pools are accurately priced and protected from vulnerabilities like flash crash outliers, exchange downtime, and flash loan attacks.

On a technical level, the dHEDGE Asset Handler interfaces between supported assets and the Chainlink USD aggregators via the Aggregator V3 Interface. The total dHEDGE pool value is then calculated from the individual asset values.

For more complex asset pricing such as LP tokens, dHEDGE fetches the underlying asset pair prices from the specific Chainlink feeds and calculates the LP token price according to those values.

Chainlink Price Feeds were chosen because they are built to high standard across several key areas including:

  • 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 from outliers and suspicious volumes. Chainlink’s data aggregation model generates accurate global market prices that are resistant to problems with a single or small set of exchanges.
  • Reliable Nodes — Chainlink Price Data Feeds are secured by a large collection of independent, security-reviewed, and Sybil-resistant oracle nodes run by leading enterprises, data providers, and DevOps teams who have a strong on-chain history of performance even during extreme network congestion.
  • Decentralized Infrastructure — Chainlink Price Data Feeds are decentralized at the data source, oracle node, and network levels, eliminating any central point of failure in the sourcing and delivery of external data to dHEDGE.
  • Transparent Performance — Chainlink Price Data Feeds can be monitored by anyone in real-time, using existing data analytic tools such as market.link and reputation.link, allowing users to verify the data triggering their contract.

‘’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.’’

Ermin Nurovic — dHEDGE Co-Founder

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.

Solutions | Docs | Twitter | Discord | Reddit | YouTube | Telegram | GitHub

More About dHEDGE

dHEDGE is a decentralized asset management protocol connecting the world’s best investment managers with investors on the blockchain in a permission less, non-custodial, trustless fashion. dHEDGE aims to democratize the investing experience leveraging Blockchain technology.

Supported by some of the biggest names in crypto, including Framework Ventures, Three Arrows Capital, BlockTower Capital, DACM, Maple Leaf Capital, Cluster Capital, Lemniscap, LD Capital, IOSG Ventures, NGC Ventures, Bitscale Capital, Divergence Ventures, Genblock Capital, Trusted Volumes, Altonomy, Continue Capital, The LAO, bitfwd (比特未来) and Loi Luu, Co-Founder and CEO of Kyber Network,

Join the dHEDGE community.
Discord | Twitter | Telegram English language |Telegram Chinese language and on WeChat

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dHEDGE is a decentralized asset management platform that democratizes the access to advanced blockchain technology based assets.

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