unFederalReserve Integrates Chainlink Price Feeds Into ReserveLending Platform
Great News:
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We’re excited to announce that unFederalReserve is now sponsoring the integrated price reference feed provided by Chainlink. Sure, we’ve been unified with Chainlink since launching the ReserveLending platform in May, but now we are strengthening the relationship with our official oracle provider. We are excited to maximize our reach, integrate on current products and collaborate for the long-term. Together, we will leverage price feeds and future smart contract applications to help provide stability and security to lending functionality.
Why have we decided to #LinkUp with Chainlink?
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Well first of all, it’s ’cause you, the #community, spoke up and let us know that you want more integration with Chainlink. As such, we further solidify our continued relationship with the Chainlink Team and welcome our forthcoming collaborations with Chainlink Labs. Chainlink strengthens our ReserveLending platform by providing us with a highly secure, reliable oracle and price feed source. Chainlink is the market-leading decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.
“The increased reliability of ReserveLending’s price basis through our relationship with Chainlink is a tangible win for the project. We know that users will rest easy knowing that the best pricing oracle that the DeFI space has to offer is here.”
- Howard Krieger, CEO and Co-Founder of unFederalReserve
Google, Oracle, and SWIFT are just some of the large enterprises that Chainlink boasts as clients. Additionally, they work with leading smart contract development teams such as Polkadot/Substrate, Synthetix, Aave, Loopring, OpenLaw and Conflux.
In joining the growing list of sponsors for Chainlink’s reference data, unFederalReserve is assisting in further decentralizing the network, supporting the network of node operators providing the price data and sharing costs that make these price feeds available on-chain for more extraordinary ecosystems.
Our project is unique:
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unFederalReserve operates as the software distributor, utilizing our blockchain and standard programming languages, tools and databases to unlock efficiencies within financial services companies and lending markets. The company exists within the DeFi ecosystem, and launched its initial product — a live DeFi 2 DeFi platform, ReserveLending — in May of 2021- and have grown organically to more than 13,000 token holders ever since. ReserveLending allows digital asset holders to borrow and lend their crypto coins anonymously.
A second product in development and soft-released is ReserveFunding — a vault and fund of funds — that will license and use the core software behind ReserveLending. The platform creates a bridge between the DeFi and CeFi environment and is extremely user-friendly. With just a couple mouse clicks, users will be able to link a bank account and fully participate in the alternative fund strategies of ReserveFunding and take advantage of all that it and #CeDeFi has to offer.
In early 2022, unFederalReserve plans to launch a client-vetted platform called ReserveB2B. The software’s intended users are primarily U.S. Treasury chartered banks acting as hosts to smaller banks and non-bank financial companies’ customers. The primary product offering will be a “cash for credit spot market” among vetted parties.
Together:
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Now stronger than ever, together we are utilizing Chainlink’s best-in-class oracles to strengthen the ReserveLending platform with secure price data feeds.
As Chainlink is the definitive source for on-chain/off-chain data and the standard for properly structured smart contracts, we look forward to collaborative efforts in the growth of our ecosystem and sharing of resources for the continued adoption of blockchain technology.
The reason for integration is the importance of proper oracles for data. We chose Chainlink as our oracle solution because they are best-in-class and have a strong commitment to the things we value most and promise to our users: Security, ease of use and a trusted, experienced team.
“Chainlink is the gold standard in price oracles. Our arrangement is a testament to the trust we have in one another’s products and services.”
- Howard Krieger, CEO and Co-Founder of unFederalReserve
Chainlink is attractive for unFederalReserve because of its high-quality data from credentialed/premium APIs, high update frequency, robust infrastructure, transparent monitoring and so much more.
How can I learn more about Chainlink?
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If you’re a developer and want to connect your smart contract to existing data and infrastructure outside the underlying blockchain, reach out to Chainlink here. They can help you quickly and securely launch your data-enabled application or Chainlink Price Reference Data Contract on mainnet today. You can also visit the developer documentation or join the technical discussion on Discord. Learn more by visiting the Chainlink website or #connect by following them on Twitter or Reddit.
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