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FNDZ Integrates Chainlink Price Feeds to Help Display Accurate Prices in Copy Trading Platform
  • About Chainlink
  • About FNDZ

We’re excited to announce that FNDZ—a decentralized copy trading platform—has integrated Chainlink Price Feeds on BNB Chain mainnet. By integrating the industry-leading decentralized oracle network, FNDZ has access to high-quality, tamper-proof price feeds needed to help power accurate price displays for each token listed on the platform. This will provide our users with stronger assurances that users are getting the most recent price data for each token.

Our initial integration involves the use of Chainlink Price Feeds for the 25 most popular coins on BNB Chain. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

FNDZ is a leading decentralized finance (DeFi) copy trading platform. The FNDZ ecosystem consists of the FNDZ token and the FNDZ platform, which enables novice traders to copy the strategies of other traders on the platform. Utilizing DeFi infrastructure, FNDZ allows beginners to copy the trades of more seasoned traders automatically, securely, and easily.

In order to help secure our trading platform, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

  1. High-Quality Data — 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 of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
  2. Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
  3. Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
  4. Reputation System — 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 node operators and oracle networks.

“We chose Chainlink because it is the easiest to integrate, especially if you want to scale to different EVMs at a later stage.” – Valentino Cremona, Founder of FNDZ

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About FNDZ

The FNDZ’s motto is “DeFi copy trading made simple.” The FNDZ platform is a DeFi copy trading solution that enables copy/social trading from a truly decentralized perspective. DeFi, short for decentralized finance, is a financial infrastructure consisting of blockchain-powered smart contracts and protocols which collectively carry out the same functions traditionally handled by brokers, bankers, and financiers. FNDZ uses these tools to provide a fully transparent, low-cost, highly efficient, and user-friendly copy trading experience.

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Vault owners carry out trades on behalf of their depositors. Follow this guide and learn how to trade as a vault owner.
Crypto wallets are your ticket to engaging with the FNDZ platform. Read on to learn about cryptocurrency wallets and how to choose the right one for your needs.
Thinking of opening a FNDZ vault? If you want to earn rewards by benefiting others, this guide is for you. Do well by doing good.
Copy trading, also known as social trading, is a form of portfolio management where traders can copy and execute the trading strategies of more experienced traders using an algorithm. FNDZ is the first DeFi platform that makes copy trading possible from a truly decentralized angle. Read on to learn more.
Vault owners carry out trades on behalf of their depositors. Follow this guide and learn how to trade as a vault owner.
Crypto wallets are your ticket to engaging with the FNDZ platform. Read on to learn about cryptocurrency wallets and how to choose the right one for your needs.
Thinking of opening a FNDZ vault? If you want to earn rewards by benefiting others, this guide is for you. Do well by doing good.

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