Oracle Integrator For Cardano, But Ada Falls Behind
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Oracles for Cardano
Charli3 is Cardano's originally decentralised prophet framework on mainnet, working with the talented developers that built this protocol and seeing their vision for the advancement of Cardano DeFi has been insightful and very inspiring. On-chain oracle feeds, such as prices for SHEN/ADA, can now be accurately produced by Charli3. ADA/USD will be the next Oracle price feed to be integrated.
Liqwid will use the oracles to calculate new loans, update collateral values, and initiate liquidations for loans with insufficient collateral. The move increases the number of on-chain opportunities for new projects to gain ecosystem trust. According to Liqwid, it was the oldest Cardano DeFi protocol in terms of transaction volume. According to Dapps on Cardano, the leading protocol in terms of transactions is NFT marketplace jpg.store.
Prices for ADA lack lustre
ADA prices have struggled to surpass $0.40 over the past few months and have not reacted significantly.
ADA was trading at $0.38, representing a day's loss of 1.7%. The asset has increased by approximately 15% in the past month, but its price growth is significantly behind that of Bitcoin and Ethereum.
