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Me switching to Titan main is about as ironic as me complaining about comp for 2 years then getting Luna’s Howl

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New Post has been published on https://everycrypto.co.in/news/link/chainlink-will-be-the-primary-price-oracle-solution-for-cream-finance-22788/

Chainlink will be The Primary Price Oracle Solution for CREAM Finance

C.R.E.A.M. Finance announced a new integration regarding oracle services. They have chosen Chainlink as their primary oracle solution provider and will integrate their price feeds into the network.

Chainlink provides reliable, secure price data for many blockchain projects on Ethereum mainnet. They currently offer price data to C.R.E.A.M. for many markets like LINK, COMP, YFI, BUSD, USDT, USDC, UNI, and AAVE.

Reliable Price Data for Lending and Exchange Use-Cases

Oracles are critical components in the DeFi ecosystem. Chainlink is one of the leading ones working with many DeFi products to connect them to off-chain and on-chain data sources. C.R.E.A.M. Finance offers lending and exchange services and needs a reliable price data solution. Their new partnership with Chainlink can help them attract more users by focusing on this security feature.

The new partnership with Chainlink immensely helps Cream in connecting to off-chain data sources. According to their blog post:

“C.R.E.A.M. is committed to working alongside other DeFi blue chips to build the most robust set of infrastructure to support its lending and borrowing markets. Hence, we are pleased to now use Chainlink’s market-leading decentralized network of price oracles to leverage high-quality off-chain pricing data for calculating the current volume-adjusted market prices of assets.”

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DeFi products connect oracles to their smart contracts. The data coming from oracles triggers the smart contracts, and the automatic process will be kept. The oracle solution of Chainlink is fully decentralized and assures the customers regarding Sybil-resistant features.

Platforms like Cream that work on lending, staking, and exchange services, need accurate price data for their liquidation processes. Working with Chainlink, Cream is sure that users will receive fair rewards. According to the announcement:

“Chainlink ensures that C.R.E.A.M. has access to the most robust and accurate price data in order to maintain a safe and reliable liquidation process, even during outlier events such as flash loans, high gas prices, periods of network congestion, and centralized infrastructure outages like the recent Infura incident.”

The partnership between Cream and Chainlink has a benefit for LINK holders, too—the integration results in a new service for them. LINK holders can now receive service from Cream by collateralizing their tokens.

Partnerships like the recent one between C.R.E.A.M. Finance and Chainlink benefit the whole DeFi community. Not only the DeFi platform will be sure about providing more efficient services, but token holders will also have ease of mind when investing. 


If you found this article interesting, here you can find more Chainlink News

For more info read original article here.

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Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street

Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street

As Americans hunker down and wait to get vaccinated, the toll of the coronavirus pandemic keeps rising.
Its costs, both in lives and livelihood, prompted President-elect Joe Biden on Thursday to propose another $1.9 trillion “first step” spending package to help combat the carnage of the pandemic, even before he takes office next week.

But as Washington gears up to debate another big relief…

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She didn’t do well at all but I think she’s cute…

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New Post has been published on https://everycrypto.co.in/news/comp/compound-finance-comp-continues-ascent-after-reclaiming-crucial-support-23010/

Compound Finance (COMP) Continues Ascent After Reclaiming Crucial Support

The Compound Finance (COMP) price has been increasing since the beginning of November and has just broken out above an important resistance area.

While COMP is expected to continue moving up until it reaches the first upcoming resistance area, it’s not yet clear if the current increase is the beginning of a new upward trend or is simply a retracement.

 

COMP Breaks Out Above Resistance

The COMP price has been moving upwards since it reached an all-time low of $80.62 on Nov. 3. The increase had a gradual slope until the price reached the $127 resistance area on Nov. 25 and was rejected, causing a sharp drop.

However, COMP immediately bounced and moved above this area yesterday. If it continues increasing, it’s likely to meet strong resistance between $154-$176 (the 0.382-0.5 Fib retracement levels).

Technical indicators in the daily time-frame support the possibility that the upward move will continue, especially since the RSI has moved above 50 again and the MACD has moved above the 0 line.

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COMP Chart By TradingView

Cryptocurrency trader @Mesawine1  outlined a COMP chart and stated that if the price breaks the median line, it could increase all the way to $170.

This resistance area corresponds with the 0.5 Fib retracement level we have outlined above.

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Source: Twitter

Parallel Channel

The six-hour chart shows that since reaching the aforementioned all-time low, COMP has been trading inside a parallel ascending channel.

The price has moved above the middle of the channel and is currently aiming to reach the resistance line at $155. This is an area that also coincides with the 0.382 Fib retracement level.

Both the MACD and RSI support the continuation of the upward move towards the resistance line.

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COMP Chart By TradingView

COMP Wave Count

The most likely wave count for COMP is an A-B-C corrective structure (shown in orange below), which could take the price to the resistance line of the channel and the $155 resistance area.

Afterward, COMP would be expected to break down from the channel and head toward new lows.

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COMP Chart By TradingView

An alternative count could transpire if COMP were to break out from the channel instead and validate it as support afterward. However, at the time of press, this scenario does not seem likely.

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COMP Chart By TradingView

Whether the price breaks out above the resistance line of the channel or gets rejected will likely determine if this is a corrective structure or an impulse.

Conclusion

While COMP is expected to increase and reach the resistance line of the parallel channel, we cannot confidently predict if it will break out afterward or get rejected.

For BeInCrypto’s latest Bitcoin analysis, click here!

Disclaimer: Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. The views expressed in this article do not reflect those of BeInCrypto.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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For more info read original article here.

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Georges Bataille “Ecstasy” from Guilty, tr. Bruce Boone, NBC Hannibal: Primavera 3.02, Linda Gregg “The Precision,” Killing Eve: Nice and Neat 2.02, Sor Juana Inés de la Cruz, tr. Joan Larkin and Jaime Manrique, Hélène Cixous, tr. Catherine A.F. MacGillivray, Stigmata: Escaping texts

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