With DeFi on the rise, Linkeye’s Credit Revolution has Achieved Amazing Results

DeFi has been a hot topic since 2019, yet it was not until 2020 that DeFi catches all attention from users. Within one years, the growth rate of users of DeFi ecology has exceeded 600%, which has driven many upstream and downstream businesses that provide services for DeFi, especially oracles.

Oracle can be said to be the most important infrastructure of the DeFi application. For example, the Oracle needs to accurately upload the off-chain price of the token to the chain. If the price is not accurate, it will be fatal.

Linkeye is back in the market 

A good oracle is essential for the stable operation of DeFi applications. Among the many oracle projects, a familiar name has attracted public attention, LinkEye.

LinkEye was officially launched in July 2017. The core members of the team have a solid background in financial credit and blockchain technology. Through deep insight into the industry, they accurately find the entry point of the credit union, and design and develop the most efficient blockchain credit data-sharing platform. Through blacklist (mask + signature), alliance member settlement mechanism, member credit mechanism, arbitration mechanism, information sharing mechanism, intelligent pricing mechanism, data security firewall mechanism, opening the whole network query interface, and other ways, LinkEye can ensure the efficient and orderly development of the alliance platform.

At the same time, LinkEye has been committed to exploring digital asset credit data and is expected to provide users with decentralized digital asset lending, financing and trading services through smart contracts and oracle technologies. As DeFi cannot screen users, irreversible loss might be caused due to malicious operation in the application running stage. Linkeye has been deeply involved in decentralizing credit data. Oracle service can provide accurate credit data for DeFi products, and guarantee a safe operation. Through the established blockchain data center and the newly built blockchain oracle mechanism, LinkEye provides reliable offline data on the chain and provides reliable data services for lending and trading. Through the blockchain and smart contract technology, they can ensure the intelligence, security, and convenience of the assets on the user chain, so as to create a strong and diversified DeFi ecology.

In 2018, when people talk about blockchain credit reporting, they will definitely mention LinkEye. At that time, when the credit problem became a major social pain point, Linkeye stepped forward and proposed a solution to build a credit union chain through the in-depth integration of blockchain technology and economic model. In the later stage of development, LinkEye took the lead in the market. However, at the end of 2018, LinkEye quietly faded out of the market.

Now that oracle is gaining more popularity, LinkEye shows up again, attracting the public’s attention: through the established blockchain data center and the newly built blockchain oracle mechanism, LinkEye is seeking innovation and breakthrough in the new blockchain pattern.

Strive to be the Best oracle 

Linkeye project is mainly based on the alliance chain technology to establish a credit database and credit system to provide solutions for the credit industry. Only under the support of a credit reference database can decentralized finance develop steadily. At the same time, when providing services to customers, oracle must be involved in the transmission of data under the chain.

Linkeye is a trusted data-sharing platform and provides data services to customers based on the data value. Then it will inevitably involve the oracle for the transmission of data off the chain. Only through the data in the display under the chain can we better integrate the data on the chain and produce valuable data. Through the call of the data interface and verification of nodes, LinkEye becomes a bridge linking the real world and encrypted events.

Due to the inability of native DeFi to screen users, it will cause irreversible loss due to malicious operation in the application operation stage. Linkeye has been deeply involved in decentralizing the credit data. Oracle service can provide accurate credit data for defi products, and guarantee the safe operation of defi products.

Through the established blockchain data center and the new blockchain Oracle mechanism, LinkEye can provide trusted offline data on the chain, and provide reliable data services for lending and trading. Through blockchain and smart contract technology, LinkEye can also guarantee the intelligence, security and convenience of the assets on the user chain, so as to create a strong and diversified DeFi ecology. In addition, through the scheme of a self-built fund pool and integrated fund pool, it provides rich loan and liquidity services for users.

Take advantages of staking 

As mentioned earlier, LinkEye has started to lay out the DeFi ecosystem two years ago.

In 2018, LinkEye came up with the LET staking service, and now, through the in-depth integration of blockchain technology and credit economic model, Linkeye shares the list of dishonest persons among alliance members, and connects the isolated credit reporting data islands, so as to realize the financial credit bottleneck that is difficult to break through in decentralized financial services. At the same time, it also allows more users who are in urgent need of money to obtain loans in a short time.

With the staking function which has been developed for two years, Linkeye will combine with the smart contract to decentralize the pledged currency borrowing, which is suitable for the original intention of DeFi.

Future development 

From the data, we can see that the currency value of LET has been stable with a rising trend in the past month, which is outstanding compared with the sharp drop in the market in the past month, which also proves that LET is favored by the market. The current price of LET is 0.098 yuan, leaving a very large room for value increase in the future.

At present, DeFi is still on the rise, and various projects have sprung up. As a continuous innovator in the field of blockchain finance, Linkeye has been making constant efforts to make the information more open, transparent, unchangeable, and accurate. Blockchain finance needs the credit reference of Linkeye in order to develop healthily. If there is no credit reference basis, the borrowing of users cannot be carried out stably, and the decentralized blockchain finance is difficult to develop continuously and stably.

The return of Linkeye will undoubtedly bring a new impact to oracle. After years of working on DeFi, Linkeye is of unlimited potential.

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