Cardano Gets First Oracle Integrator, ADA Prices Still Falling

• On April 6, Charli3 was launched on Cardano as its first oracle integrator.
• Liqwid is an algorithmic liquidity market protocol built on Cardano for lenders and borrowers.
• Charli3 provides a decentralized node network with the framework for projects to supply secure, accurate, and safe data to their platforms and users.

Cardano Gets Its First Oracle Integrator

On April 6th, Charli3 was launched as Cardano’s first oracle integrator. The platform provides a decentralized node network that enables projects to supply secure, accurate and safe data for their users. This integration is seen as a major breakthrough for the Cardano ecosystem as a whole – showing that projects are pushing forward full decentralization of the blockchain.

Liqwid Algorithmic Liquidity Market Protocol

Liqwid is an algorithmic liquidity market protocol built on Cardano that caters to both lenders and borrowers alike. Co-founder Dewayne Cameron noted “Charli3 is Cardano’s first decentralized oracle infrastructure on mainnet, working with the talented developers that built this protocol and seeing their clear vision for the evolution of Cardano DeFi has been insightful and super motivating!”

What Does Charli3 Do?

Charli3 allows developers to deploy reliable oracles using its network which can then be used in various DeFi applications such as lending services, derivatives markets etc.. Developers will be able to access real-time financial data feeds from various exchanges without having to rely on centralized information sources. The platform also offers robust security features such as end-to-end encryption and multi-signature functionality which ensure that all transactions are securely conducted within the system.

Impact On ADA Prices

Despite this launch, ADA prices have not seen much movement yet as it still remains in a digital doldrums state at present time. It remains uncertain when prices may start increasing but it could be linked to increased adoption of Charli 3’s services by more developers in future times.

Conclusion

The launch of Charli3 marks an important milestone in the development of Cardano’s ecosystem – allowing developers access to reliable financial data feeds while maintaining security measures at all times with end-to-end encryption protocols enabled by multi signature functionalities offered by the platform itself.