Acumen, a Solana-based DeFi protocol aimed to equate the worldwide finance framework will combine Chainliink Value Feeds. The protocol is utilizing DeFi to democratize capital entry by empowering microfinance worldwide.
Chainlink Value Feeds will enable Acumen to spice up its borrowing and lending protocol with exact market knowledge. As well as, it should facilitate correct mortgage liquidation, collateralization, and dedication on the platform.
Acumen’s Secure dApp builds a mutually useful framework for each celebration. By becoming a member of conventional and crypto belongings, customers can enter a steady and uncorrelated rate of interest product. Furthermore, the merchandise facilitate a optimistic social impression for customers.
Any Acumen person can deposit a portion of their deposits as collateral to earn rewards on the platform. These embrace cheaper capital entry for SMEs, permitting them to realize monetary freedom.
With SMEs accounting for nearly 95% of the world’s firms, their significance available in the market is apparent. That’s the reason Acumen is focusing on the area of interest whereas presenting a cheaply accessible DeFi ecosystem for everybody.
How Integrating Chainlink Value Feeds will Assist?
Chainlink will act as the bottom for the Acumen framework, powring the Secure dApp and the lending protocol alike. It is going to render advantages, like:
Extremely exact knowledge collected from a number of knowledge aggregators
Node operators secured by Sybil-resistant, unbiased blockchain DevOps groups
A decentralized community on the oracle community, oracle node, and knowledge supply ranges
A clear framework with on-chain overview tols for unbiased verification
Acumen Community’s Founder, Jacqueline Novogratz, talked in regards to the latest improvement. In keeping with Jacqueline, Chainlink oracles have helped quite a few tasks up to now. Acumen Community expects comparable safety and transparency from the mixing. All the Acumen group seems to be ahead to utilizing Chainlink Value Feeds for making finance easier for dealer in every single place.