Home web3.0 Gravita Boosts DeFi Security with Chainlink Price Feed Integration

Gravita Boosts DeFi Security with Chainlink Price Feed Integration

Jul 15, 2024 pm 02:01 PM

Recently, Gravita announced the updated version of the weETH data platform, replacing the existing Redstone with Chainlink Price Feeds.

Gravita Boosts DeFi Security with Chainlink Price Feed Integration

Gravita, a decentralized finance (DeFi) lending protocol, has announced the integration of Chainlink Price Feeds into its weETH data platform. This latest update sees the replacement of the existing Redstone price feed with Chainlink, aiming to bolster the security and reliability of Gravita's DeFi services.

The weETH Vessels of Ether.fi are now deployed across Ethereum, Arbitrum, and Linea, forming a robust and accessible platform for users across the board. Notably, Chainlink's decentralized computing platform is renowned for delivering highly accurate and secure market data, a crucial factor in ensuring the stability and security of GRAI, Gravita's debt token. As the platform's flagship product, GRAI's success and reliability are paramount to Gravita's operations.

The integration of Chainlink Price Feeds by Gravita not only signifies the high levels of accuracy and additional security measures being put in place but also contributes to enhancing the credibility of GRAI and the overall ecosystem. This announcement further underscores Gravita's commitment to delivering the most secure DeFi products, aligning with Chainlink's strategy of prioritizing security through its reliable and persistent infrastructure. Moreover, this decision showcases Gravita's continuous dedication to advancing industry best practices within the DeFi sector.

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