Kattana Integrates Chainlink Price Feeds + Keepers to Secure high-quality trading
We’re excited to announce that Kattana — The one-stop trading terminal for decentralized exchanges — has integrated Chainlink Price Feeds. By integrating Chainlink’s industry-leading decentralized oracle network, Kattana has access to high-quality, tamper-proof price feeds needed to recalculate the price of the tokens traded on Uniswap in the ETH pair to dollars
This will provide our users with strong assurances that the prices of tokens traded for ETH will be recalculated to the dollar with great accuracy.
In addition to this, Kattana will be using Keepers: a decentralized service that uses low-cost, verifiable off-chain computation to automate on-chain processes when predefined conditions are met.
Our initial integration involves the use of the following Chainlink Price Feeds: ETH/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already secures leading DeFi protocols responsible for 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.
Kattana is a cutting-edge trading terminal that allows traders to access cutting-edge DeFi and DeFi tools. In addition, our platform introduces professional tools and charts into the DeFi space, giving users of our platform an advantage during trading and allowing them to unleash their full potential.
In order to secure the maximal quality for the charts of token to the dollar, access to fresh asset prices that are supplied directly on-chain in a highly reliable manner is a must. Fair market asset prices should reflect a volume-weighted average from all trading environments, so we need to make use of an oracle to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.
After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, ensuring broad market coverage through price data that are aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates accurate global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
About Chainlink
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks.
To learn more about Chainlink make sure to visit the official Chainlink socials 👇
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About Kattana
Kattana is a cutting-edge trading terminal that allows traders to access cutting-edge DeFi and DeFi tools. In addition, our platform introduces professional tools and charts into the DeFi space, giving users of our platform an advantage during trading and allowing them to unleash their full potential.
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