Synbit Using Chainlink Oracles on HECO Mainnet to Price Synthetic Assets

  • High-Quality Data: Chainlink sources price data from numerous premium off-chain data aggregators, providing extensive market coverage across all trading environments as a means of ensuring that Synbit data is accurate and protected against any single or small set of exchanges going offline, posting inaccurate prices, or being manipulated by flash loans.
  • Secure Nodes: Chainlink Price Feeds are secured by numerous independent, security reviewed oracle nodes run by leading blockchain DevOps, generating both Sybil-resistance and reliable service quality.
  • Decentralized Security: Each Chainlink Price Feed is decentralized at the oracle node and data source levels, leading to tamper-proof and hyper-reliable data feeds at all times.
  • Blockchain Agnostic — Chainlink Price Feeds are running live and natively on the Heco mainnet, providing for a seamless integration that operates at the speed and cost of Heco without cross-dependencies on other blockchains.
On-chain visualization of ETH-USD Price Feed.

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