BOO Price Feed — Chainlink x Scream Announcement and Details

Data Feeds

Data Feeds are the quickest way for pushing forward governance proposals, like the governance vote that resulted in enabling this price feed for BOO. For example, one use for data feeds is to enable smart contracts to retrieve the latest pricing data of an asset in a single call. The latest pricing data is then aggregated from many data sources and published on-chain. Often, smart contracts need to act upon prices of assets in real-time, which is especially true in DeFi. Lending and borrowing platforms like SCREAM use Data Feeds to ensure the total value of the investor’s collateral.

SpookySwap x SCREAM

The BOO Data Feed has enabled scream.sh to launch lending and borrowing for the BOO token!

BOO has been integrated into one of the largest peer-to-peer lending platforms, SCREAM

About SCREAM

SCREAM is one of the largest peer-to-peer lending platforms, native to Fantom. SCREAM provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial. SCREAM aims to build high-velocity markets for more traditional crypto-asset lending services, but with the goal of improving overall capital-efficiency across a wider range of Fantom-based assets. Investors are able to lend supported assets on money markets, and use their capital as collateral to borrow supported assets.

About Chainlink

Chainlink is a decentralized blockchain oracle network built on Ethereum, and facilitates the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. This enables verification for whether parameters of a smart contract are met in a manner independent from any of the contract’s stakeholders by connecting the contract directly to real-world data, events, payments, and other inputs. Chainlink enables smart contracts on any blockchain to leverage extensive off-chain resources, such as tamper-proof price data, verifiable randomness, keeper functions, external APIs, and much more.

About SpookySwap

SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. SpookySwap actively invests in building a strong foundation by using the BOO token for governance, rewards on diverse farms, and to provide developer grants encouraging a healthy ecosystem of other Fantom projects. As of its launch in April 2021, SpookySwap has earned endorsement and support from the Fantom Foundation, developed a bridge between Fantom and several DeFi networks, and has been fully audited by CertiK.

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