Radiant

Radiant Capital

Immutable

Base

Chainlink

<ul>
 <li aria-level="1">Radiant Capital integrated Chainlink Price Feeds on the Base mainnet to enhance security in its markets.</li>
</ul>
<ul>
 <li aria-level="1">The integration provides high-quality, tamper-proof price data for assets like ETH/USD and USDC/USD.</li>
</ul>
Radiant Capital, a leading omnichain money market platform, <a href="https://medium.com/@RadiantCapital/radiant-capital-integrates-chainlink-price-feeds-to-help-secure-its-money-market-platform-8e100a0e9b44" target="_blank" rel="noopener noreferrer nofollow">has announced</a> its integration of Chainlink Price Feeds on the Base mainnet. This partnership is aimed at strengthening the security and stability of its markets by integrating <a href="https://www.crypto-news-flash.com/chainlink-drives-10-trillion-tokenization-market-with-cutting-edge-oracles/" target="_blank" rel="noopener noreferrer nofollow">Chainlink’s decentralized Oracle network,</a> which is famous for providing correct and immutable price data.
Radiant Capital’s initial integration includes a set of Chainlink Price Feeds, including ETH/USD, cbETH/USD, weETH/USD, wstETH/USD, RDNT/USD, USDC/USD, and ZRO/USD. The platform chose Chainlink as the most suitable one for integration due to its successful deployment in real-world use cases.&nbsp;
The importance of reliable price data cannot be overstated. In the DeFi industry, precise pricing is important to avoid risks like data manipulation and flash loan attacks. Thus, Chainlink’s infrastructure helps overcome such problems and keeps Radiant Capital’s markets safe even <a href="https://www.crypto-news-flash.com/chainlink-link-profit-spike-hits-new-high-will-it-trigger-a-rally-or-sell-off/" target="_blank" rel="noopener noreferrer nofollow">during market fluctuations</a> or technical issues.
<h3 id="span-style-font-weight-400-radiant-capital-tackles-cross-chain-liquidity-challenges-span">Radiant Capital Tackles Cross-Chain Liquidity Challenges</h3>
Radiant Capital aims to solve the problem of illiquidity in different blockchains.&nbsp; The price feeds provided by Chainlink are compiled from multiple premium sources and are designed to give an average weighted by volume of trading across a range of venues. This approach reduces the influence of extreme values and prevents influence from one exchange or data feed.
This is because Chainlink has a decentralized Oracle network, which means that the price data that Radiant Capital uses is both correct and untouchable. Pricing data from multiple premium sources is collected by Chainlink’s price feeds, and the prices are calculated as volume-weighted averages across various trading venues. This method reduces the influence of outliers and prevents any single exchange or data source from influencing the overall result.&nbsp;
<h3 id="span-style-font-weight-400-chainlink-s-decentralized-oracle-network-provides-accurate-and-immutable-data-span">Chainlink’s Decentralized Oracle Network Provides Accurate and Immutable Data</h3>
The integration of Chainlink Price Feeds also improves the security of Radiant Capital’s platform in many ways. The Chainlink network is protected by a combination of Sybil-resistant, security-reviewed oracle nodes operated by the leading blockchain DevOps teams, data providers, and traditional enterprises. This decentralized approach offers a lot of resilience to downtime and malicious alteration.
In addition, the Chainlink reputation system helps users check the performance of the Oracle network and its node operators themselves. This transparency is crucial to ensure trust in the system, especially in the highly sensitive decentralized finance ecosystem. The integration of Chainlink Price Feeds into Radiant Capital’s platform is in line with the company’s goal of creating a safe and efficient platform for its users.&nbsp;
Over the past week, <a href="https://www.crypto-news-flash.com/chainlink-link-sees-600-surge-setting-the-stage-for-a-sustained-uptrend/" target="_blank" rel="noopener noreferrer nofollow">LINK has rallied by 10%</a> and is one of the few top 20 cryptocurrencies to have recorded such gains. However, the cryptocurrency is experiencing a short-term retracement, with a current decline of 2.4% on the day. This drop aligns with a broader market downturn, which has reduced the total cryptocurrency market cap by 3.32%
However, futures traders have started to place bearish bets on Chainlink, suggesting that they expect the price of LINK to fall in the coming days. According to Coinglass, open interest in shorts has been rather high, which may be explained by profit-taking following a 25% price increase.&nbsp;
&nbsp;

Chainlink Price Feeds Now Power Radiant Capital’s Money Market Platform

Table of Contents

Crypto News Flash

Other articles published on Aug 29, 2024

Crypto Expert Predicts Top 3 Altcoins That Will Take Off in September 2024

Litecoin and Polkadot Stall as Americans Choose Sports Betting Over Investments – A Win for Rollb...

Neura MATRIX: Bridging Brainwaves and Blockchain to Revolutionize the Future of Web3 (1/3)

Internet Computer (ICP) Price Eyes To Hit $11 Amid Bullish Reversal?

Telegram Founder Pavel Durov's Arrest: A Closer Look at the Charges

Ethereum ETFs See Daily Net Inflow of $5.84 Million

Join our free newsletter for daily crypto updates!