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.
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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.