Gravita Upgrades to Chainlink Price Feeds for Enhanced Security

By Kester Odero

July 5, 2024 6:00 AM

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1. Enhanced Security and Reliability

Gravita has announced upgrading its weETH data solution from Redstone to the industry-standard Chainlink Price Feeds. This strategic move aims to ensure greater security and reliability for their platform. The deployment is now live for Ether_fi’s weETH Vessels across Arbitrum, Ethereum, and LineaBuild.

1/ 🛡️ We’re excited to announce that we upgraded our weETH data solution from Redstone to the industry-standard @chainlink Price Feeds!

This upgrade ensures greater security. The deployment is live for @Ether_fi’s weETH Vessels across @arbitrum, @ethereum, and @LineaBuild. pic.twitter.com/rXq75b2JHJ
— Gravita Protocol (@gravitaprotocol) July 4, 2024

Enhanced Security and Reliability

Chainlink’s decentralized computing platform has a proven track record of providing secure and accurate market data. This upgrade is crucial for maintaining the stability and security of GRAI, Gravita’s debt token, the platform’s core product.

This upgrade aligns with Gravita’s commitment to offer the most secure DeFi products. By adopting Chainlink’s battle-tested infrastructure, Gravita reinforces its advocacy for security-first industry standards across the DeFi space. This step exemplifies their dedication to providing users with the most secure and reliable decentralized financial products.

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AUTHOR

Kester Odero

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.