Chainlink now supports the leading Polkadot chain, two exciting new projects, and a $70 million Goldman Sachs bet.
New Week, New Integrations
Chainlink had another exciting week of new project integrations as the network enters the next stage of its cryptoeconomic development.
After introducing staking in our last weekly roundup, Chainlink disembarks in a recently-launched blockchain and integrates three unique protocols.
In this week’s roundup:
Chainlink Lands on the Moon
Moonbeam, a popular Polkadot parachain, announced it’s integrating Chainlink Price Feeds to its smart contracts. Moonbeam devs can leverage the oracle network to access fast and secure price data feeds and build a new wave of robust dApps.
“Many DeFi use cases require references to off-chain asset prices, but providing oracle price feeds that are resilient to attack and manipulation is a hard problem,” explained Derek Yoo, founder of Moonbeam, on their blog. “Chainlink sets the standard when it comes to oracle security and reliability and has been a top-requested integration from developers building on Moonbeam.
Chainlink Price Feeds are powered by decentralized oracle networks (DONs) that generate accurate market prices and help secure billions of dollars in on-chain value across Decentralized Finance (DeFi).
The move brings low-cost and EVM-compatible DeFi applications to Polkadot that are in sync with global markets. These apps can also use Moonbeam’s cross-chain interoperability to power new kinds of multi-chain DApp architectures, a driving force for Web3 next year.
Chainlink Lands on Wall Street
Elwood, a digital asset platform for institutions, will bring digital asset market data and analytics to smart contracts through Chainlink.
The platform has collected more than 160 billion data points involving real-time and historical market data, which are now accessible for devs to build DeFi products in a way that professionals and institutions expect.
The integration was revealed to BSC News by the Chainlink team via an exclusive press release.
“As a market leader in the blockchain middleware and oracle space, Chainlink enables us to help accelerate and participate in the growing adoption of decentralized financial applications. With the partnership, we can provide data to a vast network of developers and existing applications without changing our existing infrastructure,” said James Stickland, CEO of Elwood.
The platform, founded by hedge fund billionaire Alan Howard, announced a few weeks ago a $70 million raise co-led by Goldman Sachs and valued at around $500 million (as per FT). The funding and the Chainlink partnership will help Elwood play a critical role in expanding the smart contract economy.
The project launched its LonelyPop NFTs on June 14, hoping to create an online society that is welcoming, friendly, and advocates for mental health. Chainlink VRF is needed because blockchain-based randomness is not always secure. Usually, there is no guarantee that the team or some other entity has not manipulated the randomness in their favor.
The non-custodial platform now has access to smart contract automation services to help automate Liquid Lockers’ fee distribution. Liquid Lockers unlock power from lockable tokens by offering users liquid tokens in return.
Stake DAO wants to create scalable systems that function without the need for active management, and Chainlink Keepers helps it manage tasks on behalf of smart contracts.
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:
What is Moonbeam:
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Like Moonriver, its sister parachain on Kusama, Moonbeam is expected to accumulate developer and user activity from the 80+ projects building DApps and protocols on the network. As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot Relay Chain and integrations with other chains connected to Polkadot.
Where to find Moonbeam:
What is Elwood:
Elwood Technologies is an established global fintech building institutional-grade digital assets trading infrastructure. Its seamless end-to-end OMS/EMS/PMS platform provides low-latency connectivity to global crypto exchanges and deep liquidity via one single API. Built by industry experts with decades of combined experience in alternative investment management, Elwood Technologies provides market infrastructure at scale, enabling financial institutions, neobanks, and corporations to access the digital assets market quickly and efficiently.
Where to find Elwood:
What is LonelyPop:
LonelyPop is an NFT collection and community centered around the artistic expression of loneliness and the idea that we can all be #lonelytogether. LonelyPop is the flagship project of Noinah and 0xStudio. It is the culmination of Noinah’s struggles with loneliness, strengths & weaknesses, and passion for art, all brought into one collective work of art. This is combined with 0xStudio’s passion for empowering artists. LonelyPop was created to emphasize the importance of mental health and, specifically, the challenges of loneliness.
Where to find 0xStudio:
What is Stake DAO:
Stake DAO is a non-custodial platform that unlocks value and liquidity from decentralized markets. Both protocols and users can use Stake DAO to maximize their yield with passive strategies, access capital-efficient voting power, deposit into DeFi options vaults, and more.
Where to find Stake DAO:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.