Dolomite Adopts Chainlink Standard for Confirmable Market Data

Dolomite mentioned that the Chainlink standard permits it to get tamper-proof and up-to-date price feeds. This upgrade eliminates downtime along with improving the market efficiency to a great extent.

output: Dolomite, the renowned cross-chain DeFi derivatives protocol, has announced the integration of Chainlink Standard Price Feeds for confirmable and reliable market data.

As stated by Dolomite, the Chainlink standard permits it to get tamper-proof and up-to-date price feeds. This upgrade eliminates downtime along with improving the market efficiency to a great extent. In addition to this, it also provides the consumers with a considerably high-quality experience.

Moreover, Dolomite has integrated several GMX assets to persistently support the DeFi ecosystem of GMX. This includes a couple of advanced GLV liquidity vaults. GLV vaults focus on solving GMX v2.2 version’s issue of ineffective liquidity allocation throughout GMX markets.

A Few More Details About the Integration

GLV vaults are designed to provide optimal capital efficiency in addition to shifting and balancing liquidity across the underlying GM Pools in line with trader demand. With this, liquidity providers are enabled to sustain a low-risk profile in addition to providing improved user experience.

Chainlink Price Feeds integration by Dolomite comes after a careful consideration of several oracle solutions. This integration is said to offer high-quality data, decentralized network, protected node operators, and transparency.

Chainlink Price Feeds obtain data from several finest data aggregators. The data aggregation apparatus of Chainlink creates worldwide market prices with a considerable resistance to flash crash outliers, data manipulation, and API downtime. Along with that, the security-reviewed and autonomous oracle nodes are operated by prominent blockchain DevOps groups and data providers.