Volare Finance has integrated Chainlink Price Feeds to make secure options trading better. Volare Finance aims to provide reliable trading tools for professional options traders by integrating the Chainlink Oracle Network, which is the leader in its sector. The quality, tamper-proof price data needed to help improve DeFi crypto options trading is now available on Valore Finance, thanks to Chainlink.
With these data provided by Volare Finance, traders are provided with unbiased and reliable market data. Feeds provide stronger assurances about the credit risk problems of options trading in the over-the-counter market in the financial world.
Chainlink will provide the following data to Valore Finance;
Volare Finance reported that they chose Chainlink as oracle due to its impeccable infrastructure and easy enregistration.
Before Valore Finance, Chainlink was helping to secure DeFi protocols around the world. Chainlink Oracle is responsible for tens of billions of dollars in smart contract value. In addition, Chainlink offers a guarantee of secure data and high availability even in unexpected events such as exchange downtime, flash crashes and data manipulation attacks through flash credits.
The Volare mechanism encourages trading in DeFi crypto options while providing options traders with important data. The basic unit of the Volare protocol is an order book.
Valore Option Trading Platform provides its users with advantages such as profit sharing, AMM functionality, exotic options products, market hedging, financial instructions, movement on the chain and interest return.
To power its decentralized options platform, Volare needed access to up-to-date asset price data that was reliably supplied directly on the chain. The price data for the assets should have reflected a volume-weighted average taken from all markets. Therefore, Volare also needed to use an oracle network that would also provide price data of off-chain assets.
“We are happy to integrate Chainlink Price Feeds, a time-tested and proven solution to the blockchain oracle problem that acts as critical infrastructure for Volare Finance.”- Astra, Technical Director at Volare Finance
About Valore Finance
Volare is a leading options trading platform. It provides a transparent, reliable, decentralized mechanism for options trading that mimics the serviceability of centralized exchanges.
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.