Tuesday, May 26, 2020
No menu items!
  • News
  • Blockchain
  • Technology
  • Contact Us
More

    A DEX Aggregator, Totle Integrates With Chainlink to Leverage Its External Adapter Technology

    Must Read

    Twitter’s Jack Dorsey Announces Automatic Recurring Purchases of Bitcoin (BTC) in Cash App

    Jack Dorsey, the CEO of the microblogging platform, Twitter, has recently announced that users can now effect automatic recurring...

    J.K. Rowling Says She Is Trolling Bitcoin (BTC) to Boost Her Significant Ethereum (ETH) Holdings

    The author of Harry Potter novels, who has been receiving tons of attention from the crypto community members in...

    Ethereum (ETH) 2.0 Schlesi Testnet Forked, Vitalik Buterin Reacts

    As a report has it, the Schlesi testnet designed for public testing of Ethereum (ETH) 2.0 has been forked. About...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    Totle, a Decentralized Exchange (DEX) aggregator that monitors the liquidity of 15 DEXs and synthetic asset providers, has excitedly announced its integration with Chainlink, the market-leading decentralized oracle network, to leverage its external adapter technology.

    According to the report, Totle’s aggregated data API will become accessible to Dapps via Chainlink oracles. Dapps can query Chainlink to earn access to the DEX space and use it to execute smart contracts.

    Afterward, it will compare prices across exchanges to open users to a reliable way of accessing deep liquidity for DeFi assets at the best market prices.

    Anytime a user makes a trade order, Totle calculates the best possible combination of decentralized exchange (DEX) transactions that maximize the profit of the user.

    In other words, Totle is specifically positioned to cover macro-level activity within the nascent decentralized finance (DeFi) ecosystem.

    How Chainlink Will Aid Totle in its Services

    Through the use of External Adapters, Chainlink nodes will get the capability to relay Totle’s API data to smart contracts on several blockchain environments.

    As the traditional activity on decentralized exchanges increases, DEX data is also becoming more important to the execution of financial smart contracts.

    Chainlink, via its official Twitter handle, hinted at the new development as follows:

    “Totle is integrating w/ Chainlink to make its Aggregated DEX Data available to smart contracts. Dapps can query Chainlink nodes to gain deep insights into the DEX space & use it in the execution of DeFi applications such as DEX-based derivatives.”

    Also, the founder of Totle, David Bleznak, while reacting to the integration said:

    “David Bleznak, Founder of Totle, noted that “Chainlink’s role of securely sourcing and delivering data to smart contracts is crucial to the success of the DeFi ecosystem.

    “A critical component of Chainlink’s process is being able to leverage high-quality data providers that have robust market coverage and accurate price calculations.

    We’re thrilled to integrate with Chainlink to make our high-quality DEX data readily available to market participants, further expanding the number of use cases possible in DeFi.”




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Twitter’s Jack Dorsey Announces Automatic Recurring Purchases of Bitcoin (BTC) in Cash App

    Jack Dorsey, the CEO of the microblogging platform, Twitter, has recently announced that users can now effect automatic recurring...

    J.K. Rowling Says She Is Trolling Bitcoin (BTC) to Boost Her Significant Ethereum (ETH) Holdings

    The author of Harry Potter novels, who has been receiving tons of attention from the crypto community members in the past 2 days, has...

    Ethereum (ETH) 2.0 Schlesi Testnet Forked, Vitalik Buterin Reacts

    As a report has it, the Schlesi testnet designed for public testing of Ethereum (ETH) 2.0 has been forked. About a month ago, Ethereum (ETH)...

    US Financial Consumer Bureau Acknowledges Ripple and XRP’s Transparency in Banking Industry

    The United States Consumer Financial Protection Bureau (CFPB) has acknowledged the transparency of Ripple and its digital token XRP in the banking industry. They believe...

    I Now Feel Fully Educated On Bitcoin (BTC) –J.K. Rowling

    The author of Harry Potter, J.K. Rowling, who has been trending after revealing her interest in understanding Bitcoin (BTC), has recently claimed that she...

    More Articles Like This