/biz/ - Business & Finance

>>56910830
>risk free

https://vocaroo.com/1jSMbbartn5w

>>56240144
Bankless retards absolutely btfo

>>55915491
Imagine the keks in 2030 when Link is 81k

>This project demonstrates how to automate preventing DeFi liquidations & optimizing interest rates on multiple blockchains using Chainlink CCIP, Chainlink Automation and Chainlink Functions

>Managing multiple DeFi positions is hard.
>Managing multiple DeFi positions on multiple protocols is even harder.
>Managing multiple DeFi positions across multiple blockchains was impossible.

>Until now! Meet the cross-chain liquidation protection and interest rate optimizer powered by Chainlink CCIP.

>End-user has debt positions on multiple protocols/chains (e.g. Benqi on Avalanche, Compound on Polygon, etc…). They keep all their liquidity safely in a vault on one chain (e.g. Aave on Ethereum). On each chain where the user has a debt position (e.g. Avalanche and Polygon), Automation monitors the debt ratio. If Automation detects that any of their loans approaches the liquidation threshold (e.g. Benqi on Avalanche), then Automation sends a CCIP message to the user’s liquidity chain (e.g. Ethereum) to request remediating action (Send funds. Fast!).

>When the user’s contract on the liquidity chain receives the CCIP message, it withdraws liquidity from Aave and sends a new CCIP message back to Avalanche with the funds. That message includes enough information and tokens to fund the right position and avoid liquidation.

>Result: The User can have debt positions on multiple chains while still keeping liquidity on a single chain.

>Monitor bot smart contracts can be deployed and configured using Chainlink Automation. Currently available are:
>MonitorAaveV2
>MonitorAaveV3
>MonitorCompoundV2
>MonitorCompoundV3

The best part?

All those VCs and hedge funds going under had no exposure to Chainlink. Why? They simply refused to partake in it because they weren't granted preferential treatment to hype it up and then dump on retail. Once they liquidate all their ghostchain seed rounds, artificially over-valued scams and forked copy pastes that became propped up in the top 20 overnight due to their over-leveraged kike schemes backed by nothing, just like all the tourists, non-believers and opportunists who valued marketing over technology and adoption jumping ship at the first sign of a bumpy ride, they will just vanish just as quickly as they came. Easy come, easy go. Chainlink will once again be the only genuine, safe refuge for smart money in the entire front page, just as in 2019. Chainlink, the only protocol that sacrificed its bullrun to invest in its long-term viability, the rock in the storm, the light in the dark.

>>24417539
True

Sergey was on a russian podcast but I can't remember how it was called. Do any oldfags remember?

IYKYK

>>20653618
LETS GO!

Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits

https://www.coindesk.com/crypto-lender-nexo-enters-prime-broker-race-enlists-chainlink-for-audits
https://medium.com/nexo/nexo-and-chainlink-collaborate-to-accelerate-the-adoption-of-digital-assets-e37e9ed62224

>The Swiss lender announced an integration with the oracle provider on Wednesday. Chainlink will provide audit trails for Nexo’s lending and borrowing operations, revealing how the firm handles user collateral, Nexo CEO Atoni Trenchev said in an interview. In cases where interest paid on a loan is in a separate currency than what the loan is denominated in, Chainlink will provide an exchange rate for calculating interest payments.

>Earlier this year, Coinbase, Genesis Trading and BitGo all announced plans to become prime brokers.

>Nexo’s highly performant infrastructure, which secures over $600M in user funds, with the decentralized infrastructure of Chainlink’s price reference data oracle networks, which also secure hundreds of millions of USD in value

>As part of this integration, Nexo intends to use Chainlink’s oracle networks to produce on-chain audit trails of its lending and borrowing operations. In situations where Nexo loans make interest payments in a separate currency than what the loan is denominated in, Chainlink would provide a reliable and transparent exchange rate for calculating the interest payments. In addition, Chainlink price feeds will provide collateralization checks on borrowers, alerting Nexo when users have hit their liquidation price.

>“We’re excited to bring Chainlink’s secure and reliable oracle solutions to Nexo’s popular lending platform to enable users to independently verify on-chain the interest and collateralization rates they should receive,” stated Chainlink Co-founder Sergey Nazarov.

>>15851061
There is no top

>>15802231
We are really going to make it.

>>15712775
heh

>>14500976
>Fag you cocky linkers are about to see $2.50
oh no, pls have mercy mr whale. not ALL THE WAY DOWN to $2.5!

Sooo... do we care about this crumb or no?
https://plaid.com

>>14486208

>>14403777
>>14403999

Checked. Good times ahead boys

>>14073847
Same here fren

OATHBREAKER

*wipes out bureaucracy*

>>11863762
The face of pure evil

I approve

As was always predicted.

The prophecy is coming true.

Friend,

You already did.