Chainlink´s oracle system should help Nexo, the leading crypto lending platform, to accelerate the adoption of digital assets in order to overcome the gap between the traditional and digital financial eco systems. In the recent past, the decentralized network of Chainlink have proven noteworthy utility with many other network systems. Therefore, Nexo decided to collaborate with Chainlink and integrate the nexos platform into the oracle network. This will help Nexo to provide better services to its customers by using the oracle network.
Nexo Co-founder and Managing Partner Antoni Trenchev said:
Nexo’s mission is to bridge the gap between digital and traditional finance and our developing collaberation with Chainlink brings us a step closer to achieving this. We are very much on the same page — both in terms of how our respective services currently align, and in terms of our shared vision for a digital, decentralized future of finance. We’re thrilled to have them on board
Optimized Services through the Oracle Network implementation:
- increased custody funds
- higher loan volumes
- active OCT
- better security
- reliable and transparent exchange rate
- price feeds for collateralization checks on borrowers
Later Antoni Trenchev explained:
We’re excited to bring Chainlink’s secure and reliable oracle solutions to Nexo’s popular lending platform to enable users to independently verify on-chain the interest and collateralization rates they should receive,” stated Chainlink Co-founder Sergey Nazarov. “This allows Nexo to provide additional trust and transparency to their large user base
Nexo is the last company that announce a collaboration with ChainLink.
Learn all about Nexo
Nexo website: nexo.io
Learn all about ChainLink
Chainlink Website: chain.link
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