Chainlink is the decentralized oracle network securing tens of billions of dollars across DeFi, insurance, gaming, and other industries
Notional Finance, considered a top ten DeFi lending platform, has integrated Chainlink Price Feeds to accurately calculate collateralization ratios, which are used to trigger liquidations and help ensure protocol solvency. The company has integrated the following Price Feeds: ETH/USD, BTC/USD, USDC/USD, and DAI/USD.
In May, 2021, Notional Finance raised a $10 million Series A from top VC firms including Coinbase Ventures. Notional’s protocol was relaunched in November, 2021 with a host of new features and the NOTE governance token. The NOTE token gives holders full control over the on-chain treasury, the protocol’s risk and collateralization parameters, and any smart contract upgrades.
Notional claims to be the first decentralized, Ethereum-based protocol for borrowing and lending at fixed rates and fixed terms. Users can lend or borrow a wide range of assets, from stablecoins and ETH to WBTC. In return, they can receive fCash tokens, which are transferable tokens that represent either a positive or negative cash flow claim to the underlying asset in the future.
“High-quality price data is mission-critical for any DeFi lending platform, and Chainlink Price Feeds are undoubtedly the best solution on the market,” said Notional Finance CTO, Jeff Wu. “By integrating Chainlink Price Feeds to help calculate collateral and liquidation metrics, lenders can have much higher assurances that protocols remain perpetually solvent.”
Chainlink is the decentralized oracle network securing tens of billions of dollars across DeFi, insurance, gaming, and other industries. The company recently brought on Dahlia Malkhi, the former CTO of Diem as their Chief Research Officer, and has a strong list of advisers including former Google CEO Eric Schmidt, Diem Co-Creator, Christian Catalini, and Tom Gonser, the Founder of DocuSign.
