Cardano and Liqwid Join Forces for Enhanced DeFi With Charli3’s Oracles
Cardano is continuing its efforts towards decentralization by incorporating Charli3's oracle provider price feeds into Liqwid, its DeFi platform.
Liqwid Labs announced on Friday that the oracle price feeds would improve the SHEN market’s collateralization and liquidity.
Liqwid would utilize Charli3’s price feeds to calculate new loans, update collateral data, and liquidate undercollateralized loans.
This integration is expected to increase data accuracy and consistency, which is a departure from the centralized oracle systems’ manipulations. Liqwid also confirmed that it had integrated SHEN/USD and was working to include several other price feeds.
Liqwid was the first protocol to be built on Cardano, and it was the first to incorporate the blockchain’s native decentralized Oracle protocol. As a result, it is an excellent opportunity to concentrate on decentralization and the DeFi ecosystem‘s safety.
READ MORE: Cardano: Strong Fundamentals Point to Potential ADA Price Spike
Liqwid is an algorithmic liquidity market platform that allows users to earn interest on deposits, borrow assets, and earn ADA staking yields.
Charli3 was Cardano’s initial Oracle provider, providing on-chain and off-chain data, including asset prices, gaming, and other data types. Although the integration has expanded Cardano’s capabilities, the long-term impact on ADA’s price remains to be seen.
At the time of writing, ADA was trading at $0.385, with no significant price movements in the past 24 hours.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
