Oracles

Soldex uses Chainlink decentralized oracle networks to retrieve off-chain price data in a simple, secure, and decentralized manner and execute actions based on that data.

Chainlink Price Feeds will also be used by the trading bot layer to help create and manage arbitrage strategies between different exchanges.

Chainlink is the most decentralized and secure oracle network, secured by hundreds of node operators running security-audited software that has been validated to operate at scale.

Chainlink decentralized oracle networks provide high-quality data sourced from multiple premium aggregators. This helps ensure that Soldex receives high-quality data that is resistant to manipulation.

With the help of premium market data supplied by Chainlink oracles, our developers will be able to rapidly build, test, and deploy advanced DeFi applications that leverage multiple external resources.