Data Quality is Key — By integrating Chainlink Price Feeds, Garbi Protocol gains access to high-quality price data sourced from a multitude of premium data aggregators. This ensures comprehensive market coverage
and accurate pricing, as the data is aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink's robust data aggregation model generates global market prices that are
inherently resistant to inaccuracies or manipulation from any single or small set of exchanges.
Decentralized Infrastructure — Chainlink Price Feeds rely on a decentralized network of independent oracle nodes, ensuring that the data is sourced from multiple, independent sources. This creates a tamper-resistant
and highly available price feed that is capable of providing reliable data to DeFi protocols, even during periods of high network congestion or volatility. Additionally, Chainlink’s decentralized infrastructure allows for
easy integration with a wide range of blockchain platforms and DeFi applications, making it a popular choice for developers seeking to incorporate accurate and reliable price data into their projects.
Decentralized Network — Chainlink Price Feeds leverage the decentralized nature of blockchain technology by utilizing a three-tiered approach to decentralization. This includes decentralization at the data
source, oracle node, and oracle network levels, ensuring that the price data is highly resistant to downtime and tampering by either the data provider or oracle network. This architecture allows for a highly secure and
reliable system, providing a trusted source of price data for DeFi applications.
Enhanced User Trust — Chainlink has implemented a comprehensive reputation system and a suite of on-chain monitoring tools that empower users to verify the performance of oracle networks and node operators,
both historically and in real-time. This increased transparency and accountability promote trust and confidence in the quality of the data delivered by Chainlink Price Feeds.