Place/Date: - April 21st, 2021 at 5:02 pm UTC · 6 min read
Contact: Acala,
Source: Acala
Photo: Acala / Medium
We are excited to announce that Karura, the DeFi parachain built for Kusama by the Acala Foundation, has integrated Chainlink Price Feeds. Chainlink’s industry-leading decentralized price oracles provide Karura smart contract developers with tamper-proof, hyper-reliable, and precise financial market data directly on-chain. Developers can use that data to quickly start building secure DeFi applications and products across numerous use cases like derivatives, lending, stablecoins, asset management, and more.
This integration was made possible by the recent launch of a Chainlink oracle pallet, which gives all projects within the Polkadot ecosystem, including parachains, substrate chains, and Kusama parachains like Karura, a standardized way to natively integrate Chainlink oracles. With Chainlink Price Feeds already pre-made, resistant to manipulation (i.e., protect against flash loan attacks), and actively securing billions of dollars in value across DeFi, we believe Karura developers will greatly benefit from integrating them as their go to price oracle solution. Not only will they receive time-tested oracle security and premium data quality, but they will save considerable time and resources and avoid the risks of trying to roll their own oracle.

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