Gearbox has integrated Chainlink Price Feeds to enhance the security of decentralized finance (DeFi) operations on Monad. This integration aims to reduce liquidation errors and improve leverage operations across AUSD, earnAUSD, MON, and USDC markets, which collectively hold over $175 million in total value locked (TVL).
The use of Chainlink's reliable oracles is expected to bolster the accuracy of price data, thereby strengthening the overall security framework of these markets. Monad's EVM-compatible design further supports Ethereum's DeFi scalability, making it a significant development for altcoins in the DeFi space.
Gearbox Enhances DeFi Security with Chainlink Integration on Monad
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