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Sonakshi Saxena
Apr 7, 2023
by Sonakshi Saxena

Oracle Integrator For Cardano, But Ada Falls Behind

Oracle IntegratorOracle Integrator

Table of contents

  1. Oracles for Cardano
  2. Prices for ADA lack lustre
Charli3 was the first Oracle integrator for Cardano. Liqwid, a leading DeFi project on Cardano, has integrated the platform's oracles. Charli3 furnishes a decentralised node network with the structure for projects to supply secure, precise, and safe information to their foundation and clients. It could be thought of as Chainlink for Cardano. For lenders and borrowers, Liqwid is an algorithmic liquidity market protocol based on Cardano.

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.

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Cardano ADA Oracle Integrator
Oracle Integrator For Cardano, But Ada Falls Behind
Sonakshi Saxena
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

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