PLEXUS, an entity offering infrastructure services for cross-chain middleware, has announced its collaboration with Chainlink. The platform has disclosed that it is integrating Chainlink Price Feeds on Polygon, BSC, and ETH mainnet. PLEXUS, in its official blog post on Medium, revealed that the purpose of the respective integration is to provide a cost-effective and convenient swap with only one transaction.
PLEXUS Incorporates Chainlink Price Feeds for Secure Cross-Chain Swaps
With this integration, it added, the platform has been permitted to access the tamper-proof and high-quality proof-of-price feeds required to Chainlink. As per PLEXUS, this move has played a significant role in stabilizing the price-effect calculations related to the cross-chain swaps on the platform. This will enable the consumers to have resilient assurances making them confident that the optimal trades can take place in a swap across chains.
The platform asserted that its 1st integration takes into account the utilization of the Chainlink Price Feeds. While explaining the reason behind selecting Chainlink in the form of a ready oracle solution, PLEXUS appreciated the capabilities of the platform. It revealed that Chainlink’s infrastructure is unparalleled and time-tested in terms of production for the respective integration.
While moving on, it claimed that Chainlink has in advance been assisting the company to secure prominent DeFi protocols credited for a worth of several billion dollars in smart contracts. According to PLEXUS, this is of vital importance in maintaining resilient security and increased availability even during uncertain events. Such events take into account data manipulation attacks through flash loans, exchange downtime, as well as flash crashes.
PLEXUS provides services to expand blockchain adoption on a vast level. Via PLEXUS, the consumers are allowed to trade the tokens belonging to heterogeneous chains without paying huge charges. Along with this, they can perform this in the safest method with just one confirmation. To assist in securing their price impact in the case of cross-chain swaps, the platform considers, it required accessing the latest asset prices to be directly supplied on-chain to increase reliability.
Chainlink Price Feeds to Assist in Providing a Decentralized Network, High-Quality System, and So on
Apart from that, PLEXUS stated that after the review of diverse oracle solutions, it integrated Chainlink Price Feeds due to their crucial features. These characteristics include high-quality data, a reputation system, a decentralized network, as well as secure node operators.