Tydro, described as the largest lending protocol on Ink, said Chainlink will serve as its primary oracle infrastructure after a security review.
Tydro, which said it is the largest lending protocol on Ink, has migrated to Chainlink as its primary oracle infrastructure following what it described as a rigorous security review. According to the announcement, Chainlink’s oracle network (blockchain data feed system) now secures all of Tydro’s current lending markets worth more than $400 million, as well as future markets. In decentralized lending, oracle infrastructure is critical because it supplies external price data used to value collateral, manage borrowing limits, and trigger liquidations when needed.