[Chainlink data flow enhances Flash Liquidity’s on-chain rebalancing: Oracle solution of choice]
Flash Liquidity, the DEX aggregator introducing self-balancing pools, recently announced the integration of Chainlink data streaming and automation capabilities on the Arbitrum mainnet. The platform aims to leverage DeFi’s industry standards, provide a low-latency oracle solution, enable on-chain rebalancing operations, and provide millisecond-level price resolution without relying on centralized automated systems.
Flash Liquidity will initially integrate Chainlink data streams to handle ETH/USD and USDC/USD prices. Chainlink was chosen for its reliable low-latency oracle solution and the provision of advanced data via stable Chainlink infrastructure. According to a report by Crypto News Flash, the development of the Chainlink ecosystem has grown significantly.
Chainlink ensures outstanding performance and security even in the face of unexpected situations such as exchange outages, flash crashes, and data manipulation caused by flash loans. Diego Cornacchini, founder of Flash Liquidity, said: “We chose Chainlink as our Oracle solution because it has an excellent track record of security, reliability and high-quality data, and has been proven in production for many years. This reflects our commitment to providing reliable and commitment to quality service to ensure the best user experience.”
Flash Liquidity’s self-balancing pools offer significant advantages to liquidity providers as these pools remain closed to public trading. They leverage Chainlink data streams and automation to continuously monitor the proportion of asset value in the pool. When an imbalance is detected, the system calculates the necessary rebalancing transactions and selects the best external decentralized exchange as the counterparty.
To secure self-balancing pools, Flash Liquidity requires high-frequency market data, supported by a decentralized and transparent infrastructure. In addition, they seek a fair, neutral and decentralized settlement infrastructure that provides a provably fair and secure trading experience. The reason for integrating Chainlink data streams is its multiple capabilities, including:
1. Provide millisecond-level data transmission and maintain Web3 principles such as decentralization and transparency.
2. Ensure forward protection by sourcing data from suppliers with no conflicts of interest and using a commit and reveal model.
3. Leverage Chainlink to automate decentralized on-chain execution, eliminating central points of failure during settlement and preventing adverse selection.
Chainlink has time-proven infrastructure supporting over $8.5 trillion in on-chain transaction volume with strong security and reliability.
Flash Liquidity said it will continue to integrate more Chainlink data streams as its self-balancing pool expands to support rebalancing operations and the cryptoasset price data needed to distribute rewards.
