KAKI Integrates Chainlink Price Feeds for Reliable Asset Pricing in No-Loss Trading Game

We’re excited to announce that KAKI — a no-loss options protocol — has integrated Chainlink Price Feeds on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, KAKI has access to high-quality, tamper-proof price feeds needed to determine accurate pricing for the underlying assets in the KAKI options trading market. This will provide our users with stronger assurances that the price obtained in an options transaction is accurate, and help ensure a smoother transaction process between buyers and sellers.

Our initial integration involves the use of the following Chainlink Price Feeds: BNB/USD, ETH/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 tens of billions of 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.

KAKI is a decentralized no-loss options protocol built on BSC and Arbitrum, dedicated to creating an options DEX for retail users, with DeFi at the core and gaming as an added benefit. Our mission is to lower the options threshold so that more long-tail users can participate and enjoy options trading.

In order to use the BNB token as an underlying asset in the KAKI trading game, we needed access to fresh asset prices that are supplied directly on-chain 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 a blockchain oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

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 are 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.

“Chainlink Price Feeds have proven to be highly reliable over many years in the crypto world, providing smart contract applications with secure and reliable market data on-chain. We have always attached great importance to user experience, so it was an obvious decision to make Chainlink our first choice.”

— Byron, Founder of KAKI.

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 KAKI

KAKI is a decentralized no-loss options protocol built on BSC and Arbitrum, with DeFi as the core and Game as the coat, dedicated to creating an options DEX for retail users. Our mission is to lower the threshold so that more long-tail users can participate and enjoy options trading. KAKI strengthens the no-loss concept through 2 mechanisms, which are no loss to traders and no loss to market makers. Learn more about KAKI:

Twitter: https://twitter.com/kakioptions

Discord: Discord.gg/FMrjZrdZds

Medium: https://medium.com/kakifi

Telegram: https://t.me/kakiers