Mixture of world’s largest oracle community with high-speed blockchain to result in new period in scalable DeFi
SAN FRANCISCO, June 3, 2022 /PRNewswire/ — Right now, Chainlink Price Feeds, the business normal value oracle networks for decentralized finance (DeFi) functions, have gone dwell on the Solana Mainnet. With this native integration, builders constructing on Solana can now leverage seven different Chainlink Value Feeds (together with BTC/USD, ETH/USD, USDC/USD and others) for extremely decentralized, high-quality, and close to real-time value updates, enabling them to construct a brand new realm of hybrid sensible contract functions that present superior efficiency round commerce execution and danger administration. Within the coming months, tons of of further Chainlink Value Feeds, in addition to different Chainlink oracle providers, might be made obtainable to Solana builders in the course of the subsequent levels of the combination.
“Chainlink’s launch on Solana will give DeFi builders entry to essentially the most extensively used oracles in blockchain,” mentioned Anatoly Yakovenko, co-founder of Solana. “Solana’s high-speed blockchain can ship high-frequency pricing knowledge to dapps, enabling builders to construct new DeFi dapps and merchandise.”
Securing tens of billions in whole worth throughout tons of of functions on greater than a dozen blockchains, Chainlink is the market-leading resolution for extremely correct and tamper-proof market knowledge and safe off-chain computation. Made up of impartial, geographically distributed, Sybil-resistant oracle nodes run by world-class DevOps groups from organizations like Deutsche Telekom’s T-Techniques, Swisscom, The Related Press, LexisNexis, and extra, the Chainlink Community now powers greater than 980 oracle networks and has securely delivered greater than 2.6 billion knowledge factors to on-chain functions since launch. With knowledge sourced from premium, authenticated APIs by a three-tier aggregation system, Chainlink is trusted by a few of the highest worth DeFi apps within the blockchain business, akin to Aave, Compound, dYdX, Synthetix, Sushi, Nexus Mutual, and extra.
“By offering essentially the most dependable and highest high quality knowledge to the already lightning quick Solana blockchain, the Chainlink integration with Solana is a significant leap ahead for the type of scalable, institutional-grade, DeFi functions that may be constructed solely on Solana,” mentioned Sergey Nazarov, co-founder of Chainlink. “Chainlink is now essentially the most sturdy and complete oracle community on the Solana blockchain, and we anticipate its position within the Solana ecosystem to develop as we combine extra value feeds and extra off-chain providers.”
At launch, a number of in style Solana-based DeFi initiatives have dedicated to adopting Chainlink, together with yield aggregation apps Francium and Tulip, lending protocol Apricot Finance, stablecoin UPFI, and others.
Yaniv Hou, co-founder and tech lead at Apricot Finance, mentioned, “We selected to underpin our lending exercise with Chainlink Value Feeds due to their unmatched safety and confirmed efficiency. Now, Apricot can push the frontier of DeFi innovation on Solana whereas supported by essentially the most safe, dependable, and time-tested market knowledge resolution obtainable.”
Within the coming months, Chainlink is anticipated to offer builders constructing on Solana entry to tons of of further value feeds and datasets, in addition to different in style Chainlink providers akin to Proof of Reserve for asset attestation, Keepers for event-driven and time-based automation, and Verifiable Random Function (VRF) for randomness, a service already utilized by tons of of groups to pretty mint hundreds of thousands of NFTs.
Later this 12 months, Chainlink additionally plans to launch the Cross-Chain Interoperability Protocol (CCIP), a brand new world normal for decentralized inter-blockchain messaging, knowledge, and token actions. With CCIP, Solana customers and builders will have the ability to transfer tokens and execute sensible contracts throughout totally different blockchains by using the Chainlink oracle networks, enabling the creation of cross-chain functions.
About Chainlink
Chainlink is the business normal for constructing, accessing, and promoting oracle providers wanted to energy hybrid sensible contracts on any blockchain. Chainlink oracle networks present sensible contracts with a solution to reliably hook up with any exterior API and leverage safe off-chain computations for enabling feature-rich functions. Chainlink presently secures tens of billions of {dollars} throughout DeFi, insurance coverage, gaming, and different main industries, and presents world enterprises and main knowledge suppliers a common gateway to all blockchains.
Be taught extra about Chainlink by visiting chain.link or studying the developer documentation at docs.chain.link. To debate an integration, reach out to an expert.
About Solana
Solana is essentially the most performant blockchain on the earth. It offers builders the boldness to construct for the long run by delivering predictable scaling with out compromising safety or composability. Solana’s efficiency is pushed by intra-shard parallelism, which is able to processing 1000’s of sensible contracts without delay, and by Proof of Historical past, an innovation in cdistributed timekeeping that unlocks low-latency, sub-second finality throughout the worldwide state. To study extra, please go to https://solana.com/.
SOURCE Chainlink
