Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node
Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
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"Making reliable off-chain data available on decentralized networks is a critical success factor for the future development of digital assets,” said Dominic Vincenz. Switzerland-based telecommunications company Swisscom has said it will join Chainlink’s oracle network as a node operator. In a Thursday announcement, the telecommunications firm said it would be entering the decentralized finance, or DeFi, space by becoming an oracle node operator as part of a pilot program with the Chainlink network. The node, run by Swisscom’s digital asset division, will “continuously feed digital asset....
The oracle network’s exponential growth has been tied to the emergence of DeFi. Co-founder Sergey Nazarov said Chainlink is also powering metaverses. The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector. With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to protocol co-founder Sergey Nazarov. Chainlink is also one of the....
PRESS RELEASE. BitYard is delighted to announce our integration of 80+ Chainlink Price Feeds to obtain accurate price data in a timely manner within our exchange. By integrating the industry-leading decentralized oracle network, BitYard has access to decentralized price feeds for popular spot trading pairs—with plans to continually add additional feeds over time. Chainlink Price Feeds support BitYard’s existing frameworks by helping ensure that we are offering users more precise and transparent pricing for perfect spot trading executions.
BitYard is a leading....
Derek Yoo, the founder of Moonbeam, noted that the integration lets their platform provide “building blocks” to DeFi developers. Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform. In a release sent to Cointelegraph, Chainlink's team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance....
Chainlink the Whitepaper for its second iteration. Chainlink 2.0 has been created to allegedly take the “next steps in the evolution of decentralized oracle networks”. With one of the most used applications in DeFi, these protocols need oracles to feed them with off-chain information. In the new iteration, Chainlink could go beyond, as the document […]