Saber, the main Automated Market Maker for buying and selling secure pairs on Solana, is worked up to announce its assist for the deployment of a variety of Chainlink Value Feeds on Solana.
#Blockchain builders want entry to sturdy worth feeds to securely construct on high of AMM LPs. @Saber_HQ now helps #Chainlink Value Feeds, enabling @Solana builders to construct yield farms, lending platforms, and extra with Saber’s AMM LPs. https://t.co/Ca3DdJzNif
— Chainlink – Official Channel (@chainlink) November 8, 2021
Chainlink Value Feeds are the trade customary for safe and dependable worth oracles, already serving to safe tens of billions of {dollars} throughout high DeFi tasks.
Chainlink feeds for supporting Solana dApps
To start out, the next Chainlink Value Feeds can be deployed on Solana: USDC/USDT, mSOL/SOL, UST/USDC, stSOL/SOL, wFTT/FTT, wSRM/SRM, and SBR/USD. Saber recommends that any challenge integrating assist for Saber LP tokens or SBR makes use of Chainlink Value Feeds as their oracle resolution for probably the most up-to-date worth knowledge for these swimming pools.
These Chainlink-powered decentralized worth oracles will allow builders to precisely and securely generate valuations on Saber LP tokens and the Saber native token (SBR) when performing key on-chain features corresponding to issuing loans based mostly on Saber LP token collateral.
In the end, it will speed up the adoption of Saber LP tokens all through the various new and current DeFi protocols being constructed on Solana. Chainlink Value Feeds can be key in rising the utility of Saber as a result of it permits liquidity suppliers to earn yield whereas nonetheless having lively liquidity for his or her staked belongings.
Saber is likely one of the high DeFi exchanges by whole worth locked (TVL) and quantity on the Solana blockchain. AMM protocols like Saber act as liquidity gateways for customers and different DeFi protocols corresponding to lending markets, yield aggregators, asset administration options, and extra.
Additionally they function a approach for passive holders to earn an extra yield on their belongings by changing into liquidity suppliers and incomes transaction charges.
Nonetheless, Saber seeks to provide LPs further utility on their belongings past incomes passive revenue. Because of this, Saber points LP tokens to liquidity suppliers, which they’ll use all through the Solana DeFi ecosystem for actions corresponding to yield farming or as collateral for a mortgage.
Nonetheless, it’s vital that DeFi protocols integrating assist for Saber LP tokens have sturdy oracle infrastructure in place in an effort to keep away from defective liquidations of person funds, mispriced rewards methods, and varied different mishappenings.
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