Chainlink has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot to provide data to developers in the platform.
Chainlink’s team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows DeFi developers to bring price accuracy to their DApps.
Moonbeam Founder stated that access to off-chain asset prices has many uses in DeFi, but resistance to attacks and manipulation in price data is hard to achieve. However, the Moonbeam founder believes that Chainlink is able to solve the issue and can help DeFi developers within their platform.
Chainlink expressed their support for Moonbeam developers. highlighting that this integration will allow Polkadot developers to create new use cases in interconnected DeFi platforms.
