Celsius Secures Backend Pricing of Crypto Using The Chainlink, A Major Leap in CeFi Decentralization

  • Market Coverage — 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 from outliers and wash trading. Chainlink’s data aggregation model mitigates situations where a single or small set of exchanges report inaccurate prices or experience manipulation.
  • Low Deviation Updates — By using the Chainlink Price Feeds running on Polygon, we have access to low deviation price updates at minimal costs, meaning the price data is precise, consistently up to date, and reflective of current market conditions.
  • Robust Infrastructure — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime during market volatility.
  • Transparent Monitoring — 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 price feeds.

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Celsius

Celsius

Earn, borrow, and pay on the blockchain.