Chainlink has unveiled a new solution called State Pricing, which promises to enhance the valuation of tokens on decentralized exchanges based on liquidity data.
New Methodology for Token Valuation
State Pricing offers a new approach to valuation based on the current balances of tokens in liquidity pools rather than the last transaction prices. This provides a more stable and accessible valuation resistant to manipulation. Prices derived from this method are converted into USD through a complex triangulation process.
Integration of State Pricing with DeFi Platforms
Platforms such as Aave and Lido have begun using State Pricing for collateral valuation and liquidation. This helps in more accurate tracking of tokens like wstETH, which are difficult to value on centralized exchanges.
Expansion of Chainlink's Collaborations and Other Initiatives
Chainlink is actively expanding its collaborations, supporting the USD1 stablecoin on TRON and launching a project focused on tokenizing social currencies in Brazil. It is also partnering with the Blockchain Association to create the 'Tokenized in America' initiative.
With the introduction of State Pricing, Chainlink significantly simplifies token valuation, potentially enhancing the reliability of decentralized financial applications and supporting the growth of DeFi.
