Witnet providing security to Lend.Finance
The new protocol is going live on Cube Chain, and Witnet is adding to it’s security measures.
Founded by Ten Finance…
A decentralized lending project that was born on The Binance Smart Chain and is migrating services over to the Cube Chain. Ten Finance, often called the Token Enrichment Network is a strong lending and borrowing multi-chain protocol.
They first launched services on BSC, and are now ensuring protocol security on Cube Chain, a recent chain integration for the Witnet network.
The Witnet node operators are already providing price feeds for BTC, CUBE, ETH, DAI, USDC, and USDT in addition to CUBE to USDT. While the protocol hasn’t launched officially on Cube yet, the protocol currently has almost $6,000,000 in TVL on BSC.
Witnet is going to ensure security…
Because, as many of us know, the Witnet network is the strongest cryptoeconomically designed oracle solution to this day. Users of Lend.Finance can rest easy knowing that their investments in the protocol are safe from typical attacks seen on oracles.
Lend.Finance is a great project that requires the utmost security from vulnerabilities in order to operate efficiently and safely. The founders of the protocol have worked very hard in order to secure the protocol, just as the founders of Cube Chain have done. This collaboration of technology provides the end users with the utmost security needed in order to interact with decentralized applications such as Lend.
What does this mean for Witnet?
This integration further legitimizes Witnet’s mission of creating truth without blindly trusting any third party. Additionally, it proves that the Cube Chain technical integration, which lasted over a month, was very worth it because there are now users on it, and in such short time!
Additionally, if historical data shows us anything, then Witnet could be securing millions in total value with this protocol integration alone. More total value secured means more legitimacy for the Witnet network.
