Chainlink Unveils CustodySync With Anchorage for DeFi Borrowing
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Chainlink has introduced CustodySync with Anchorage, using shared pricing data for DeFi loans while Anchorage holds collateral and oversees margin and liquidation.
Chainlink has introduced CustodySync with Anchorage, a system designed to support DeFi borrowing against assets held in custody, according to The Defiant.
The system relies on a common set of price data to keep loan valuations aligned. Anchorage continues to hold the assets used as collateral.
Anchorage also handles margin management and liquidation. The arrangement combines DeFi borrowing with custodial control of collateral and responsibility for those loan-management functions.
Source: The Defiant
