Gravita has announced it is upgrading its weETH data solution from Redstone to the industry standard Chainlink Price Feeds. This strategic move aims to ensure greater security and reliability for their platform. The implementation is now live for Ether_fi’s weETH ships in Arbitrum, Ethereum and LineaBuild.
1/ 🛡️ We are excited to announce that we have upgraded our weETH data solution from Redstone to the industry standard @chainlink Price Feeds!
This upgrade provides more security. The deployment is live for @Ether_fi’s weETH ships via @arbitrum, @ethereum and @LineaBuild. pic.twitter.com/rXq75b2JHJ
— Gravita Protocol (@gravitaprotocol) July 4, 2024
Improved security and reliability
Chainlink’s decentralized computing platform has a proven track record of providing secure and accurate market data. This upgrade is critical to maintaining the stability and security of GRAI, Gravita’s debt token, the platform’s core product.
This upgrade is in line with Gravita’s commitment to offering the most secure DeFi products. By acquiring Chainlink’s proven infrastructure, Gravita is strengthening its case for security-focused industry standards in the DeFi space. This move is an example of their commitment to providing users with the most secure and reliable decentralized financial products.