Metis Andromeda recently announced the integration of Chainlink price feeds into its ecosystem. Industry-leading Oracle solutions help smart contract developers access high-quality pricing data on the platform.
This integration also allows developers to secure their apps with decentralized pricing data available directly in Metis. This way, you can build low-cost, feature-rich, and highly scalable apps.
Moreover, the integration of Chainlink Price Feeds heralds Metis’ goal of expanding the DeFi ecosystem. The platform provides developers with a decentralized infrastructure to build complex yet cost-saving blockchain-centric apps.
This integration has enabled Metis to begin its next phase of growth. The platform enables advanced capabilities and drives innovation across the decentralized financial domain. Metis has also released developer documentation to help new users understand how the integration works.
Chainlink Price Feeds is one of the most famous on-chain price reference contracts backed by multiple oracle networks. All oracle networks of price feeds contain multiple sybil resistant node operators. These nodes extract prices from high-quality data aggregators to release accurate market prices.
Multiple infrastructure and market tools back these prices, so there is no single point of failure. The Chainlink price feed has been tried and tested in multiple instances where Oracle has demonstrated its ability to work reliably, securing tens of billions of dollars in on-chain value across the DeFi space.
As a L2 network developed on Ethereum, Metis is highly scalable and efficient. It allows developers to use his MVM (Metis Virtual Machine) to take advantage of fast transaction speeds, rich features, low transaction fees, and native storage capabilities.
Features like this are already helping developers build multiple efficient dApps on the network. Names such as Pickle Finance, Synapse Network and Beefy Finance have also launched on the network. With Chainlink Price Feeds in the equation, Metis will see huge growth.
Additionally, the network will enhance its value proposition by allowing developers to create even better dApps with better reliability and security.
