Pundi X, a cryptocurrency project focused on simplifying spending digital assets, has announced it integrated the Chainlink Price Feeds, an oracle networks. According to a blog announcement, Pundi X will use Chanilink's technology for PUNDIX/USD pair in order to distribute platform rewards.
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"We selected Chainlink as our go-to oracle solution because it provides high-quality data using time-tested oracle infrastructure that’s proven to secure tens of billions of dollars for leading DeFi projects," Pundi X said.
Zac Cheah, Pundi X CEO and Co-Founder, says Chainlink "significantly enhances" the capabilities of the project's protocol. Cheah notes that with Chainlink users can now transact on the platform, knowing that they will earn "fair value rewards."
Earlier in January, iHodl reported that stablecoin platform STASIS added support for Chainlink's oracle network to allow automated on-demand audits. According to the company, Chainlink's oracles are monitoring the off-chain fiat reserve balances and on-chain token supply of the STASIS EURS every 10 minutes.
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