Tortle Ninja Integrates Chainlink Price Feeds to Help Secure No-Code DeFi Strategies
A No-Code DeFi framework built on Fantom. Create advanced DeFi strategies without writing a single line of code.
We’re excited to announce that Tortle Ninja — a No-Code DeFi framework that enables users to create multistep investing strategies without writing a single line of code — has integrated Chainlink Price Feeds on Fantom mainnet.
By integrating the industry-leading decentralized oracle network, Tortle Ninja has access to high-quality, tamper-proof price feeds needed to help accurately determine the price of assets in our Combo Triggers feature. This will provide our users with stronger assurances that the multistep investing strategies used on our platform — known as Combo Recipes — are using reliable market prices.
Our initial integration involves the use of the USD pairs of the following Chainlink Price Feeds on Fantom: AAVE, ALPACA, BIFI, BNB, BOO, BTC, BUSD, CHF, CREAM, CRV, CVX, DAIETH, EUR, FRAX, FTM, LINK, MIM, MIMATIC, SNX, SPELL, SUSHI, USDC, USDT, UST, and YFI. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production.
Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Tortle Ninja is a no-code decentralized financial tool built to enable retail investors, fintech, and blockchain enthusiasts to create combined DeFi strategies with a simple drag and drop builder. Tortle Ninja users can create multistep DeFi investment strategies by linking existing smart contracts.
In order to help secure our Combo Triggers function, we needed access to fresh asset prices that are supplied in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it to be consumed by our application.
After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that are aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
“We are excited to integrate the industry-leading oracle solution. Without Chainlink Price Feeds, our product would be almost impossible to develop in a secure and decentralized manner.” — Javi Blanco, CEO of Tortle Ninja.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
About Tortle Ninja
Tortle Ninja is a no-code decentralized financial tool built to enable retail investors, fintech, and blockchain enthusiasts to create combined DeFi strategies.
Tortle Ninja users can create combinations of DeFi operations by linking the nodes and defining a strategy. You can split, create a limit, stop-loss orders, and even more complex strategies. Tortle will validate the operation results and the composition of the operation if it is valid or invalid.