blockchainreporter.net
Gravita has announced upgrading its weETH data solution from Redstone to the industry-standard Chainlink Price Feeds. This strategic move aims to ensure greater security and reliability for their platform. The deployment is now live for Ether_fi’s weETH Vessels across Arbitrum, Ethereum, and LineaBuild.
1/ 🛡️ We’re excited to announce that we upgraded our weETH data solution from Redstone to the industry-standard @chainlink Price Feeds!
— Gravita Protocol (@gravitaprotocol) July 4, 2024
This upgrade ensures greater security. The deployment is live for @Ether_fi’s weETH Vessels across @arbitrum, @ethereum, and @LineaBuild. pic.twitter.com/rXq75b2JHJ
Enhanced Security and Reliability
Chainlink’s decentralized computing platform has a proven track record of providing secure and accurate market data. This upgrade is crucial for maintaining the stability and security of GRAI, Gravita’s debt token, the platform’s core product.
This upgrade aligns with Gravita’s commitment to offer the most secure DeFi products. By adopting Chainlink’s battle-tested infrastructure, Gravita reinforces its advocacy for security-first industry standards across the DeFi space. This step exemplifies their dedication to providing users with the most secure and reliable decentralized financial products.