MakerDAO integrates Chainlink oracle technology
MakerDAO has integrated Chainlink's decentralized oracle into its framework following a successful governance vote.
The Chainlink oracle will be utilized for functions such as price updates, liquidity rebalancing, and upgrading the debt ceiling for DAI collateral assets.
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The Chainlink Automation integration on the Keeper Network will receive a stream of 181,000 DAI ($181,000) over a 6-month period, amounting to 1,000 DAI tokens per day.
This integration marks the latest addition to the technology stack running the DAI stablecoin. It is a significant step towards maintaining the stability of the DAI stablecoin through the use of advanced technology.