HomeNewsChainlink Integration Empowers Stella to Secure Leveraged DeFi Strategies with Tamper-Proof Price...

Chainlink Integration Empowers Stella to Secure Leveraged DeFi Strategies with Tamper-Proof Price Feeds

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  • Stella, a protocol offering leveraged strategies at zero borrow cost, has integrated Chainlink’s Price Feeds to its platform.
  • This integration allows Stella to access reliable, high-quality, and tamper-proof price data, thereby offering stronger assurances for DeFi strategies.

Stella, a protocol known for its unique leveraged strategies with zero borrow costs, has taken a significant stride towards boosting the security and reliability of its platform. The protocol has integrated Chainlink’s Price Feeds, a leading decentralized oracle network, into its operations on the Arbitrum mainnet. This strategic move facilitates access to tamper-proof, high-quality market data that can effectively empower lending and leveraged strategies, thereby offering Stella’s users fortified assurances for their DeFi strategies.

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In the first phase of the integration, Stella employed the following Chainlink Price Feeds: ETH/USD, ARB/USD, USDT/USD, USDC/USD, and BTC/USD. Chainlink’s seamless and proven infrastructure, which already safeguards tens of billions of dollars in smart contract value for top-tier DeFi protocols, was a critical factor for Stella’s choice.

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Stella seeks to revolutionize the mechanics of leveraged DeFi, asserting the necessity for an effective leverage system to drive more activity to Decentralized Exchanges (DEXs) and money markets, the bedrock of DeFi. Stella’s innovative zero-cost borrow system and Pay-As-You-Earn model align the incentives between borrowers and lenders, bringing forth a unique dynamic where one party’s gain doesn’t mean the other’s loss.

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To secure DeFi strategies, Stella required real-time, on-chain asset prices that mirror a volume-weighted average from all trading environments. It turned to an oracle network to fetch aggregated off-chain price data and deliver it on-chain, ultimately choosing Chainlink Price Feeds for their array of critical features:

      • High-Quality Data: Chainlink Price Feeds extract data from a vast array of premium data aggregators, resulting in precise, reliable global market prices that resist inaccuracies or manipulations.
      • Secure Node Operators: Chainlink’s oracle nodes, managed by top blockchain DevOps teams, data providers, and traditional enterprises, have a stellar record of reliability.
      • Decentralized Network: With decentralization across the data source, oracle node, and oracle network levels, Chainlink Price Feeds provide robust protections against downtime and tampering.
      • Reputation System: Chainlink’s comprehensive reputation framework and set of on-chain monitoring tools enable users to independently verify the performance of node operators and oracle networks.

About Chainlink: Chainlink stands as the industry-standard Web3 services platform that facilitates seamless access to real-world data and off-chain computation across all blockchains.

About Stella: Stella, a leveraged strategies protocol with zero borrow cost, enables users to utilize leverage on supported DeFi strategies without any borrowing cost, thus achieving high-yield potential and capital efficiency.

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Jack Williams
Jack Williams
As a Blockchain Analyst, I specialize in analyzing the performance of decentralized systems and optimizing their efficiency. Through data analysis, I provide insights on blockchain technology, smart contracts, and cryptocurrencies to help businesses make informed decisions and improve their operations.
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