CDR #035: Link | NGN Price Feed

INTRODUCTION

Protocol: LINK AFRICA

Website: www.linkio.africa/web3

Integration: LINK is a stablecoin powered remittance product and cross border payments infrastructure for Africa.

Use case: The integration will enable the LINK Africa protocol to access price information for the Nigerian Naira, on-chain in live time.

REQUEST INFORMATION

Assets

The following assets will be included in the Oracle:

Asset Ticker Asset Blockchain Asset Address Asset Markets Overview Comments
NGN N/A N/A NGN Asset Information NGN is the symbol representing the Nigerian Naira, the native currency of Nigeria

Methodology

  • Moving Average Price with Interquartile Range (MAIR) will be used to calculate the price for the assets. Learn more about it here
  • 0.5% deviation threshold for updates trigger will be applied for each asset
  • 30min time window for trades aggregation will be applied for each asset

DELIVERY INFORMATION

Delivery Method Oracle on Polygon
Is testnet deployment required? No
Delivery Estimate 10 days