Tydro, the lending protocol within the Ink ecosystem, has transitioned its pricing oracle system from Chaos Labs to Chainlink Data Feeds as of May 14. This strategic move aims to bolster the protocol's decentralization and stability by ensuring that market data is not reliant on a single operator.
Previously, Tydro had paused all markets following reports of issues with a third-party oracle, but assured users that their funds remained secure. With the integration of Chainlink, all Tydro markets are now powered by this decentralized data feed, enhancing the reliability of its operations.
Tydro Shifts Pricing Oracles to Chainlink for Enhanced Stability
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
