The Saber protocol has integrated with Chainlink oracles to support dApps using Saber Liquidity Provider (LP) tokens.
Saber Adopts Oracles
To begin, Saber will deploy Chainlink’s price feeds for trading pairs, namely, USDC/USDT, mSOL/SOL, UST/USDC, stSOL/SOL, wFTT/FTT, wSRM/SRM, and SBR/USD. In addition, the DEX has suggested that any project that integrates support for Saber’s LP tokens or Saber’s native token, SBR, should use the oracle price feeds as they provide the most up-to-date data for the pools mentioned.
“With the upcoming launch of Chainlink Price Feeds, developers across the Solana ecosystem will have access to a pre-built and time-tested decentralized oracle solution for Saber stable pairs. Saber recommends Chainlink because of its historical reliability and optimization around key features,” mentioned Saber official Medium blog post about the development.
Saber has been collaborating with various protocols as well. As previously reported by Solana News, the DEX announced a collaboration with Allbridge to bring the first Avalanchr DAI pool to Solana in the form of the DAI-USDC pair. enable to transfer of DAI stablecoins. The Chainlink price fees should provide further safety and assurance to Saber users that they are getting the best prices that can be found.
Saber is a DEX built on the Solana blockchain network using the automated market maker (AMM) model. The DEX has grown to become one of the leading DeFi protocols on Solana, with a total value locked (TVL) of $1.63 billion, as per data from DeFiLlama.
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Source : solana.news