Sonne Finance, the first local liquidity marketplace in Optimism, has integrated Chainlink Price Feeds into the Optimism mainnet.
Details of Integration
By integrating the industry-leading decentralized oracle network, Sonne Finance will have access to the high-quality, tamper-resistant price flows needed to secure on-chain lending and borrowing activity. This will provide its users with fairly strong assurances that the prices of assets are extremely accurate and up-to-date.
With the integration, Sonne Finance will provide the price flows of the following assets from Chainlink;
- DAI/USD
- OP/USD
- USDC/USD
- USDT/USD
- SNX/USD
- sUSD/USD
- wETH/USD
The Sonne Finance team stated that they chose Chainlink as the Oracle solution because its infrastructure is seamlessly integrable and has been time-tested in production. Chainlink helps secure the leading DeFi protocols responsible for tens of billions of dollars in smart contract value and maintains strong security and high availability even amid unexpected events such as stock market outages, flash crashes and data manipulation attacks through flash loans.
“Chainlink is by far the leading oracle of DeFi, and highly trusted among all of the ecosystem contributors. It’s not a choice to work with Chainlink services, but a must.” Atakan, Co-Founder of Sonne
About Sonne Finance
Sonne Finance is a decentralized lending protocol for individuals, institutions and protocols for accessing financial services. It is an unauthorized, open source and Optimistic protocol that serves users on Optimism. Users can deposit their assets, use them as collateral and borrow money in return.
About Chainlink
Chainlink is the industry-leading company of choice for creating, accessing, and selling Oracle services. It is necessary to strengthen hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts that offer a way to reliably connect to any external API. It is preferable to take advantage of secure off-chain calculations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming and other major industries. It offers global enterprises and leading data providers a universal gateway to all blockchains.
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