Mendi Finance Integrates Chainlink
Mendi Finance was launched this week on the Linea testnet to be part of the exciting journey that was launched by ConsenSys. By being on testnet, we can fine-tune the protocol and test for any
Last updated
Mendi Finance was launched this week on the Linea testnet to be part of the exciting journey that was launched by ConsenSys. By being on testnet, we can fine-tune the protocol and test for any
Last updated
Mendi Finance aims to provide the most secure money market experience for users. With Chainlink’s integration alongside other notable security features like Hypernative and IntoTheBlock dashboards, we are able to give users a secure DeFi experience so that they can transact with confidence on Mendi Finance.
After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
