Oracles Integration

Oracles serve the interests of the borrowers. If collateral value is sinking below the pre-defined liquidation threshold, then oracle allows the liquidation engine to withdraw the collateral assets.

SmartCredit.io integrates two oracles:

• Chainlink Oracle

• Uniswap V2 Oracle

Chainlink is the primary oracle and is used if the asset is available on Chainlink. Uniswap v2 Oracle is used in case the Chainlink data feeds are not yet available.

Oracles are used in case of loan liquidations—if the LTV (the loan value to collateral) sinks below a predefined threshold (see in "Collaterals section"), then oracles allow the liquidator to access the collateral assets. If the LTV is above a predefined threshold, then the oracles do not allow the liquidator to access the assets. So, oracles are the gatekeepers that protect the client’s assets.

Tutorial videos:

• Video "SmartCredit.io intro"

• Video "How to borrow?"

• Video "How to borrow 1'000 USD stablecoins?"

• Video "How to connect your wallet with notifications?"

• Video "How to earn stable recurring income with Fixed Income Funds?"

• Video "How to mix variable interest rate and fixed interest rate?"

• Video "How to earn 50% + with borrowing?"

• Video "How to earn 30% + with lending?"

• Video "How to earn 15%+ on your collateral value?"

• Video "How to earn with staking?"

Further info

• SmartCredit.io Fixed-term Borrow/Lend: https://app.smartcredit.io

• ChainAware.ai AI-based Crypto Fraud Score: https://chainaware.ai

• ChainAware.ai AI-based Crypto Credit Score: https://chainaware.ai/credit-score

• ChainAware.ai Big Data based User Segmentation: https://chainaware.ai/segmentation

• ChainAware.ai API: https://swagger.chainaware.ai

• Medium: https://medium.com/smartcredit-io

• Twitter SmartCredit.io: https://twitter.com/Smartcredit_io

• Twitter ChainAware.ai: https://twitter.com/ChainAware

• Telegram: https://t.me/SmartCredit_Community