Kamino Finance has announced a major upgrade by integrating Chainlink Data Streams into the oracle system. This is a significant development in the Kamino’s protocol as it seeks to achieve its goal of enhancing the security and efficiency of its protocol for users.
For several weeks, Kamino used Chainlink’s data streams on its mainnet and paid close attention to the results. Since it observed the stability and consistency of Chainlink, Kamino decided to adopt it completely and enhance the sturdiness of its price feeds.
But that’s not all. It is also introducing the Multi-Price Oracle System. Developed in-house, this system fetches the price feed data in real-time from various leading oracle providers including Chainlink.
It compares prices against each other to ensure that data is not stale, wrong or vulnerable. The system can also self-heal itself in case one provider is unresponsive or provides incorrect data. Certora and Offside Labs have double-audited this new system before it was launched to the public.
With the help of Chainlink and the introduction of the Multi-Price Oracle System, Kamino establishes a new level of oracle reliability on Solana. These upgrades will help to reduce risks, enhance the performance and increase users’ confidence in Kamino’s markets.
Johann Eid, the Chief Business Officer at Chainlink Labs, expressed his enthusiasm, stating, “As the largest lending protocol on Solana, Kamino requires the most dependable oracle solution to provide users with accurate price data.”
The integration of Chainlink’s data streams and Kamino’s Multi-Price Oracle System marks a significant improvement in the platform’s reliability and security. This collaboration enhances user trust, reduces risks, and sets a new standard for oracle infrastructure in the DeFi space.
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