Poison.Finance Appoints Chainlink Price Feeds to Help Secure Mirrored Asset Protocol

We’re excited to announce that Poison.Finance — a decentralized multi-chain mirrored asset protocol — has integrated Chainlink Price Feeds on BNB Chain mainnet. By integrating the industry-leading decentralized oracle network, Poison Finance has access to high-quality, tamper-proof price feeds needed to help secure our mirrored assets. This will provide our users with stronger assurances that pTokens reference secure and high-quality market data provided by battle-tested decentralized infrastructure.

Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Poison Finance is a decentralized multi-chain mirrored assets issuance protocol built on Ethereum, Arbitrum, and BNB Chain. Potions (pTokens) are collateralized by stablecoins which are locked in the Vault Contract to enable the issuance of mirrored assets. Potions mimic the price behavior of real-world assets and give users anywhere in the world open access to price exposure of the underlying assets.

In order to help secure our mirrored assets, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Poison Finance

Poison Protocol is a Magic Wand that lets you create Multi Chain Synthetic Potions that track the price of real-world assets. Synthetic Potions are intended to be used as fundamental building blocks in smart contracts, be it a dex or a game, and to bring the world’s assets to the blockchain. Serving Stocks, Commodities, and ETFs on Arbitrum, BSC, and ETH 24/7

Learn more about Poison Finance by visiting Poison.Finance or reading the developer documentation at Docs.Poison.Finance