Vertex DEX Integrates Chainlink Data Streams for Enhanced Security and Speed

Vertex DEX Integrates Chainlink Data Streams for Enhanced Security and Speed

Apr 18 Tech Standard

Vertex, a leading decentralized exchange (DEX) on the Arbitrum network, has integrated Chainlink Data Streams to improve user experience and platform operations. This integration marks a significant step for Vertex as it leverages Chainlink's industry-standard oracles to transform its trading platform.

Chainlink Data Streams Bolster Security and Speed

Chainlink oracles offer a unique advantage - sub-second price data delivery. This is crucial for high-speed DeFi platforms like Vertex. Integrating Data Streams enhances Vertex's reliance on accurate price data, leading to faster trade execution in both derivatives and spot markets for digital assets.

Security is another key benefit. By partnering with Chainlink, a leader in secure data delivery, Vertex ensures users can interact safely with the platform, confident that price data is tamper-proof and manipulation-proof. This is especially important for derivatives markets, where even minor price discrepancies can have disastrous consequences.

For instance, Vertex plans to utilize Chainlink Data Streams for liquidating under-collateralized positions and calculating funding rates, both of which occur several times a day but require real-time data for proper platform function.

Vertex Leads the Way in Secure and Fair Trading

Beyond speed and security, Vertex values Chainlink Data Streams' role in minimizing unfair market practices. Data Streams provide a neutral infrastructure for price data delivery, creating a level playing field for all participants. This ensures no single party gains an unfair advantage by manipulating price data.

Darius Tabatabai, Vertex Co-Founder, highlighted the integration's performance boost. He emphasized the importance of speed in today's volatile market, where every millisecond counts when leverage is involved. Vertex's adoption of Chainlink Data Streams positions it as a leader in offering a secure and fast DEX experience for its users.

HarshitKulhan

Crafting cinematic stories through the lens of my phone, I am a blogger and content writer who expresses the essence of my blogs through words

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