crypto-asset-management-app-enzyme-integrates-chainlink

Crypto asset management app Enzyme integrates Chainlink

Enzyme (formerly Melon), an Ethereum-essentially based mostly protocol for decentralized on-chain asset administration, on the present time launched live integration with oracle resolution Chainlink, leveraging its Attach Feed oracles as a model to prolong the asset choice accessible to users on Enzyme.

The mixture considerably opens up the possibilities for asset administration programs on Enzyme, making it likely to contain nearly any on-chain asset which has a Chainlink Attach Feed.

Until now, including extra property for the length of the Enzyme Protocol has been subject to a) having a obliging on-chain designate feed and b) prices. Liquidity protocol Kyber, has served Enzyme successfully as a designate feed until now but it absolutely used to be by no components designed to be a true designate feed oracle and therefore would per chance well also no longer help scale Enzyme as swiftly and securely as intended.

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“Upgrading to Enzyme and integrating Chainlink components that Enzyme users would per chance bear accumulate entry to to a shipshape sequence of existing designate pairs and the possibility to sponsor other asset pairs they deserve to head attempting.”


– Mona El Isa, Co-Founding father of Enzyme

Some of the best feature requests the Enzyme crew reported to bear got over the final year used to be to add extra property. With Chainlink, it now has a resolution.

“We’re enraged to set Enzyme with a wide sequence of excessive-quality designate feeds by valid and obliging oracle networks to be certain on-chain asset administration functions are both genuine and inherently immune to downtime and flash mortgage-prompted designate manipulation.”


– Johann Eid, Chainlink Product Manager

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