Lendr Network Integrates Chainlink Price Feeds and Automation to Help Calculate LTV Ratios and Trigger RWA Index Updates
We’re excited to announce that Lendr Network — a decentralized platform for RWAs — has integrated Chainlink Price Feeds and Chainlink Automation on Avalanche, BNB Chain, and Ethereum mainnet. By integrating the industry-leading decentralized computing platform, Lendr Network has access to high-quality, tamper-proof price feeds needed to help calculate loan-to-value ratios. This will provide our users with stronger assurances that loans are liquidated efficiently and in a fair-manner and ensure our RWA index tokens are overcollateralized at all times. Additionally, Automation helps trigger updates for tokenized RWA index prices listed on our platform.
Lendr Network aims to democratize financial access by enabling increased access with fully decentralized RWAs tokens. Lendr Network is a tokenization protocol that creates real-world asset index tokens across a host of asset classes, including indices, real estate, and more. We previously joined Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading oracle services and technical support.
In order to help secure our loan-to-value ratios, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Our initial integration involves the use of the following Chainlink Price Feeds: ETH/USDT, AVAX/USDT, and BNB/USDT. We chose Chainlink as our preferred oracle solution because its infrastructure is seamless to integrate and time-tested in production. As the most widely adopted price data standard in Web3, 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.
Chainlink Automation is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Automation leverages decentralized, hyper-reliable, and economically incentivized automation nodes to wake up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price). For V2 we’re now using Automation to help our RWA index prices.
“We’re thrilled to leverage Chainlink’s industry-standard platform to help secure our decentralized protocol for real-world assets. Chainlink Price Feeds will help us accurately calculate loan-to-value ratios, while Automation will help trigger updates to RWA index prices on our platform.” — Nathaji Metivier, Founder at Lendr Network
About Lendr Network
Lendr Network creates fully decentralized real world asset (RWA) index tokens representing any asset class, allowing on-chain companies and investors to diversify their holdings, hedge inflation, and use RWAs in DeFi.
First place prized in Hackathons by BNB Chain and Chainlink. Member of Avalanche Codebase and Chainlink BUILD accelerators.
Website | Documentation | Application | X/Twitter | Telegram
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
