Frax Finance Using Chainlink to Bring U.S. CPI Data On-Chain in Support of the Frax Price Index.

Building the Frax Price Index With Custom Chainlink Oracles

  • High-Quality Data — Chainlink oracles can manage API keys and account logins, allowing them to aggregate and deliver premium data from any API.
  • Reliable Nodes — Chainlink Data Feeds are secured by a large collection of independent, Sybil-resistant oracle nodes run by leading enterprises and top DevOps teams with historical reliability during extreme market volatility and network congestion.
  • Transparent Performance — Chainlink Data Feeds can be monitored by anyone in real-time using existing data analytic tools such as market.link and reputation.link, allowing users to verify the data triggering FPI adjustments.
  • Scalable Infrastructure — Chainlink is highly flexible infrastructure, enabling us to scale support for more data sources and oracle nodes, as well as build custom aggregation computations and expand to additional blockchains wanting access to FPI.

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