DeFi liquidity protocol Autonio will integrate Chainlink decentralized oracle service to power a multitude of DeFi liquidity products it offers through its NIOX Suite, an ecosystem of on-chain trading tools and infrastructure including Intelligent Market Makers.
According to an announcement on Monday, March 22, Autonio will leverage Chainlink oracle to access asset prices and fetch AI-driven analytics for its NIOX Suite that will offer several DeFi products to DeFi space.
Autonio or Autonio Foundation develops solutions that enhance DeFi liquidity and help traders harness the power of the crowd. Founded in 2018, it is a decentralized autonomous organization (DAO) striving to develop accessible, easy-to-use, and affordable trading tools and services for the DeFi ecosystem.
The platform aims to offer algorithmic trading by democratizing access to intelligent automated trading tools and infrastructure. These tools allow crypto traders to conduct trading analyses, deploy trading algorithms, exchange cryptocurrencies, sell their strategies, and pool funds for trading purposes, “all with profitability, security, and ease.”
Antonio’s flagship DeFi solution is NIOX Suite that offers trading tools and infrastructure to revolutionize algorithm trading. They include “NIOX Maker (an easy-to-set-up Market-Making Module), an AI Agent Network (machine learning algorithms that enhance trading performance), the NIOX Swarm (a liquidity mining marketplace), and our SmartDEX (a peer-to-peer decentralized exchange using the 0x protocol).”
NIOX Maker allows users to make markets with the click of a button and seamlessly switch between tokens in a liquidity pool without needing to post buy or sell orders. Chainlink oracles will make sure that market makers are fully protected by accurate and tamper-proof price data.
Chainlink will also be leveraged by Autonio’s 0x protocol-based smartDEX, which is designed for secure peer-to-peer trading. According to the announcement, smartDEX liquidity is boosted by NIOX Swarm Liquidity Mining Protocol which will also use Chainlink price feeds to distribute rewards to users.
Chainlink Oracles will also be used to fetch AI data generated by off-chain AI agents to on-chain to power Autonio’s new type of coming soon AMM known as an Intelligent Market Maker (IMM).
Ali Raheman, Founder and Lead Operations of Autonio Foundation, giving the reason to choose Chainlink as the preferred oracle, said: