Dominant smart contract oracle network Chainlink partnered with a DeFi protocol on Ethereum and expanded integrations with a strategy game and NFT project.
DeFi, Strategy Game, NFT Raffles
It’s been another busy week for crypto’s dominant smart contract oracle network, as Chainlink announced initiatives involving a Decentralized Finance (DeFi) protocol on Ethereum, an NFT-based strategy game on Polygon and an NFT project’s raffle draws.
In this week’s roundup:
- LendeXe Finance integrates Chainlink Price Feeds.
- Planet IX integrates Chainlink Automation.
- Sneaky Vampire Syndicate integrates Automation.
LendeXe Integrates Price Feeds
Liquidity ecosystem LendeXe has integrated Chainlink Price Feeds to underpin its DeFi products on Ethereum.
LendeXe has two decentralized stablecoins $XSD and $LSD alongside a lending and borrowing protocol. Its features include dynamic lending, Ultimate Loan and Interest-Free Loan.
“Without access to robust and reliable price data feeds, it’s impossible to build secure, feature-rich DeFi functionality. That’s why we chose to use Chainlink Price Feeds — the undisputed industry standard price oracle solution in DeFi,” the LendeXe Finance team said in a Medium post.
Planet IX Integrates Automation
Chainlink Build Program member Planet IX has integrated Automation on Polygon to help trigger batch randomness requests to Chainlink Verifiable Random Function (VRF) to reduct costs associated with creating Planet IX Non-Fungible Tokens (NFTs).
Planet IX has previously integrated Automation for weekly draws. The expanded integration enables the NFT-based strategy game to further optimize its cost structure.
“As best-in-class smart contract automation infrastructure, Chainlink Automation provides us with a secure and reliable execution service that helps us reduce costs associated with the creation of Planet IX NFTs,” Planet IX CEO Karl Blomsterwall said in a blog post.
Sneaky Vampire Raffle Draws
Ethereum NFT project Sneaky Vampire Syndicated has integrated Automation to decentralize its regular raffle draws.
Automation pairs with Sneaky Vampire’s previous integration of VRF to help draw the raffle winners.
“Without Chainlink Automation, we needed either to maintain in-house infrastructure or manually trigger the raffle draw every single time. But like always, Chainlink oracle services helped make our lives easier so we could focus solely on building out great products,” Project Lead Topkek said.
Last four weekly Chainlink Roundups:
- March 5: Base, Functions, Konnect, 0xCord
- Feb. 26: StarkNet, TrueUSD, Radiant, ETHDenver
- Feb. 19: LUXON, Zeta Markets, SmartCon 2023
- Feb. 12: MakerDAO, Starknet, Cryptex, Aave
- Feb. 5: Picardy Protocol, Icetea Labs
What is Chainlink:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
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