Crypto lending platform Celsius Network will integrate Chainlink oracle to achieve decentralization

Cryptocurrency lending platform Celsius Network and Chainlink have teamed up to use a decentralized oracle to provide price information for calculating crypto asset interest rates. Celsius Network manages approximately $ 600 million in assets. According to the agreement between the two parties, Chainlink will also trust some of its bitcoin and Ethereum assets to Celsius’ money management services. Celsius CEO Alex Mashinsky said, “Integrating Chainlink’s decentralized oracle machine technology is a key step in Celsius’ continued decentralization and will help consolidate its revolutionary financial services.”